<SEC-DOCUMENT>0001292814-25-003413.txt : 20250929
<SEC-HEADER>0001292814-25-003413.hdr.sgml : 20250929
<ACCEPTANCE-DATETIME>20250929153514
ACCESSION NUMBER:		0001292814-25-003413
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20250630
FILED AS OF DATE:		20250929
DATE AS OF CHANGE:		20250929

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Banco BBVA Argentina S.A.
		CENTRAL INDEX KEY:			0000913059
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		ORGANIZATION NAME:           	02 Finance
		EIN:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12568
		FILM NUMBER:		251355732

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		AV. CORDOBA 111
		CITY:			C1054AAA BUENOS AIRES
		PROVINCE COUNTRY:   	C1
		BUSINESS PHONE:		011541143480000

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		AV. CORDOBA 111
		CITY:			C1054AAA BUENOS AIRES
		PROVINCE COUNTRY:   	C1

	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>bbarfs2q25_6k.htm
<DESCRIPTION>6-K
<TEXT>
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 3.5pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

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

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

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

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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">For the month of September, 2025</P>

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate by check mark whether by furnishing the information
contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934:</P>

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

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

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

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

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

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 13%">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: black 1pt solid"><B>Item</B></P></TD>
    <TD STYLE="width: 87%; font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 12pt"><A HREF="ex99-1.htm">1.</A></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 12pt"><A HREF="ex99-1.htm">Financial Statements as of June 30, 2025.</A></FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-bottom: 20pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 20pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-bottom: 20pt; padding-left: 5.4pt"><FONT STYLE="font-size: 12pt"><B>Banco BBVA Argentina S.A.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 12pt">Date:&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 12pt">&nbsp;&nbsp;September 29, 2025</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 12pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 12pt">/s/</FONT> <FONT STYLE="font-size: 11pt">Carmen Morillo Arroyo</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 27%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 6%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 12pt">Name:</FONT></TD>
    <TD STYLE="width: 41%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Carmen Morillo Arroyo</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 12pt">Title:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Chief Financial Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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


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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>EX-99.1
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<P STYLE="font: 7pt/85% BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7pt/170% BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/85% BBVA Benton Sans Book,serif; margin: 0 0 0 60.7pt; text-indent: -25.25pt">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 127.55pt"><IMG SRC="image_001.jpg" ALT=""><FONT STYLE="font-family: BBVA Benton Sans Book,serif"></FONT></P>

<P STYLE="font: 11pt BBVA Benton Sans Book,serif; margin: 0 0 0 177.2pt"><B>&nbsp;</B></P>

<P STYLE="font: 11pt BBVA Benton Sans Book,serif; margin: 0 0 0 134.65pt; color: #072146"><B>BANCO BBVA ARGENTINA S.A.</B></P>

<P STYLE="font: 11pt BBVA Benton Sans Book,serif; margin: 0 0 0 134.65pt; color: #072146"><B>CONDENSED INTERIM FINANCIAL STATEMENTS FOR
THE</B></P>

<P STYLE="font: 11pt/11pt BBVA Benton Sans Book,serif; margin: 0 0 0 134.65pt; color: #072146"><B>SIX-MONTH PERIOD ENDED</B></P>

<P STYLE="font: 11pt BBVA Benton Sans Book,serif; margin: 0 0 0 134.65pt; color: #072146"><B>JUNE 30, 2025</B></P>

<P STYLE="font: 11pt BBVA Benton Sans Book,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt BBVA Benton Sans Book,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt BBVA Benton Sans Book,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt BBVA Benton Sans Book,serif; margin: 0"><B></B></P>


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<P STYLE="text-align: left; font: 10pt/112% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; color: #004481"><B><IMG SRC="image_001.jpg" ALT="">&nbsp;</B></P>

<P STYLE="font: 10pt/112% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; color: #004481"><B>Banco BBVA Argentina S.A.</B></P>

<P STYLE="font: 12pt/115% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 12pt/115% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/11.2pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; color: #004481"><B>TABLE OF CONTENTS </B></P>

<P STYLE="font: 12pt/115% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 12pt/115% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">Condensed interim financial statements
for the six-month period ended June 30, 2025, comparatively presented.&#9;</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">Consolidated Condensed Statement of
Financial Position</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">Consolidated Condensed Statement of
Income</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">Consolidated Condensed Statement of
Other Comprehensive Income</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">Consolidated Condensed Statement of
Changes in Shareholders&#8217; Equity</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">Consolidated Condensed Statement of
Cash Flows</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">Notes</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">Exhibits</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">Separate Condensed Statement of Financial
Position</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">Separate Condensed Statement of Income</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">Separate Condensed Statement of Other
Comprehensive Income</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">Separate Condensed Statement of Changes
in Shareholders&#8217; Equity</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">Separate Condensed Statement of Cash
Flows</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">Notes</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">Exhibits</P>

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

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

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">Reporting Summary</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">Report on the review of consolidated
condensed interim financial statements</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify; text-indent: 0.5in">Report on the review of separate
condensed interim financial statements</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt">Supervisory Committee&#8217;s Report</P>

<P STYLE="font: 10pt/112% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/112% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/112% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt">&nbsp;</P>


<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 1 -->
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    <!-- Field: /Page -->

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED CONDENSED STATEMENT
OF FINANCIAL POSITION </B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025 AND DECEMBER 31,
2024</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of Argentine
pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 54)</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; width: 59%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="width: 9%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Notes and Exhibits</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="width: 15%; border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="width: 15%; border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>ASSETS</B></FONT></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>
    <TD STYLE="vertical-align: bottom">&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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Cash and deposits in banks</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">3</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>3,314,123,976</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>3,250,198,428</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;Cash</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">822,126,869</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,050,751,805</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;Financial institutions and correspondents</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,480,825,697</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,199,446,623</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;&nbsp;B.C.R.A.</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,572,779,774</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">873,343,131</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;&nbsp;Other in the country and abroad</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">908,045,923</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">326,103,492</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Other</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">11,171,410</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>-</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Debt securities at fair value through profit or loss</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">4 and A</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>624,361,348</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>105,655,567</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Derivative instruments</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">5</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>12,038,260</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>11,352,524</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Other financial assets</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">7</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>193,782,226</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>291,300,628</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Loans and other financing</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">8</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>11,153,841,137</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>8,676,650,795</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial Government sector</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial institutions</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,706,568</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,110,368</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial Private Sector and Residents Abroad</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">144,850,476</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">67,065,049</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">11,005,284,093</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">8,608,475,378</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Other debt securities</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">9 and A</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>2,424,560,234</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>2,873,488,459</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Financial assets pledged as collateral</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">10</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>355,070,311</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>532,861,094</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Current income tax assets</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">11,1</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>85,411</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>52,297,726</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Investments in equity instruments</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">12 and A</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>15,328,514</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>14,568,609</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Investments in associates</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">13</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>31,820,869</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>27,413,710</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Property and equipment</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">14</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>748,331,643</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>744,155,005</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Intangible assets</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">15</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>88,503,682</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>79,680,271</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Deferred income tax assets</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">11,3</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>34,718,958</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>29,177,124</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Other non-financial assets</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">16</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>264,251,067</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>254,879,286</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Non-current assets held for sale</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">17</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>3,635,905</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>4,315,714</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL ASSETS</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>19,264,453,541</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>16,947,994,940</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 2.25pt double">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 2.25pt double">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-indent: 0.5in">The accompanying explanatory notes and exhibits are an
integral part of these consolidated financial statements.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>


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    <!-- Field: /Page -->

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED CONDENSED STATEMENT
OF FINANCIAL POSITION </B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025 AND DECEMBER 31,
2024 </B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of Argentine
pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 54)</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; width: 59%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="width: 9%; border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Notes and Exhibits</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="width: 15%; border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="width: 15%; border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>LIABILITIES</B></FONT></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>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD>&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>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Deposits</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">18 and H</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>13,026,616,045</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>11,428,737,914</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial Government sector</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">126,092,240</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">138,823,337</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Sector</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9,892,636</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">4,980,448</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial Private Sector and Residents Abroad</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">12,890,631,169</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">11,284,934,129</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Liabilities at fair value through profit or loss</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">19</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>422,633</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>-</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Derivative instruments</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">5</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>15,045,703</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>4,441,163</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Other financial liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">20</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,659,224,467</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,375,796,576</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Financing received from the BCRA and other financial institutions</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">21</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>367,524,234</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>231,264,542</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Corporate bonds issued</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">22</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>432,191,797</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>133,395,510</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Current income tax liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">11.2</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>16,971,384</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>15,853,451</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Provisions</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">23 and J</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>61,927,979</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>54,208,592</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Other non-financial liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">24</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>749,427,030</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>687,689,355</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL LIABILITIES</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>16,329,351,272</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>13,931,387,103</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>EQUITY</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Share capital</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">26</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>612,710</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>612,710</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Non-capitalized contributions</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>6,744,974</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>6,744,974</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Capital adjustments</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,040,005,619</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,040,005,619</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Reserves</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,761,473,837</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,457,815,064</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Other accumulated comprehensive income</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(68,284,800)</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>56,440,170</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Income for the period/year</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>138,503,778</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>406,570,564</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Equity attributable to owners of the Parent</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>2,879,056,118</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>2,968,189,101</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Equity attributable to non-controlling interests</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>56,046,151</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>48,418,736</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL EQUITY</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,935,102,269</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3,016,607,837</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL LIABILITIES AND EQUITY</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>19,264,453,541</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>16,947,994,940</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-indent: 0.25in">The accompanying explanatory notes and exhibits are
an integral part of these consolidated financial statements.</P>


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    <!-- Field: /Page -->

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED CONDENSED STATEMENT
OF INCOME </B></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>FOR THE THREE AND SIX-MONTH INTERIM
PERIODS ENDED JUNE 30, 2025 AND 2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 54)</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%">&nbsp;</TD>
    <TD STYLE="width: 6%; border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Notes and Exhibits</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Interest income</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">27</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,050,574,217</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,023,849,486</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,356,991,054</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,467,164,971</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Interest expense</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">28</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(458,761,862)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(858,161,195)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(410,938,292)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1,218,894,079)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Net interest income</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>591,812,355</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,165,688,291</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>946,052,762</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>2,248,270,892</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Commission income</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">29</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">176,520,075</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">368,006,361</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">164,143,443</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">314,714,972</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Commission expense</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">30</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(82,467,437)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(168,161,715)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(82,165,095)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(149,250,984)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Net commission income</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>94,052,638</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>199,844,646</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>81,978,348</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>165,463,988</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Net income from measurement of financial instruments at fair value through profit or loss</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">31</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">47,050,636</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">81,187,806</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">43,216,357</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">89,289,245</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Net income/(loss) from write-down of assets at amortized cost and at fair value through OCI</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">32</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(293,901)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">84,667,245</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">19,057,509</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">123,074,574</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Foreign exchange and gold gains</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">33</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">54,216,143</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">62,839,058</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">28,352,856</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">45,262,699</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Other operating income</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">34</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">37,590,859</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">78,733,004</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">39,961,682</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">86,879,822</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Impairment of financial assets</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">35</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(144,524,338)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(246,116,899)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(57,930,328)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(102,364,330)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Net operating income</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>679,904,392</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,426,843,151</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,100,689,186</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>2,655,876,890</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Personnel benefits</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">36</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(141,785,131)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(270,259,377)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(152,882,122)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(301,338,616)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Administrative expenses</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">37</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(147,655,894)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(302,801,474)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(163,300,353)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(334,002,650)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Asset depreciation and impairment</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">38</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(23,586,949)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(45,615,540)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(25,010,938)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(42,004,803)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Other operating expenses</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">39</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(170,037,303)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(313,699,382)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(136,734,172)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(312,393,024)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Operating income</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>196,839,115</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>494,467,378</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>622,761,601</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,666,137,797</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Income from associates and joint ventures</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,034,791</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,818,719</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,471,018</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1,298,719)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Loss on net monetary position</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2.1.5.&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(111,015,049)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(269,656,427)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(377,573,473)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1,320,192,852)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Income before income tax</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>89,858,857</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>229,629,670</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>248,659,146</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>344,646,226</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Income tax</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">11.4</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(30,242,435)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(83,498,465)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(91,270,591)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(130,804,354)</FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Net income for the period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>59,616,422</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>146,131,205</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>157,388,555</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>213,841,872</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Net income for the period attributable to:</B></FONT></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>
    <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>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Owners of the Bank</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">55,355,997</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">138,503,778</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">154,768,903</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">212,256,413</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Non-controlling interests</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,260,425</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">7,627,427</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,619,652</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,585,459</FONT></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></TR>
  <TR>
    <TD COLSPAN="10" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">The accompanying explanatory notes and exhibits are an integral part of these consolidated financial statements.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"></P>

<P STYLE="font: 7pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>


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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED CONDENSED STATEMENT
OF INCOME </B></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>FOR THE SIX-MONTH INTERIM PERIODS
JUNE 30, 2025 AND 2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>EARNINGS PER SHARE</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 54)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="width: 68%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="width: 15%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="width: 15%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Numerator:</B></FONT></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="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Net income attributable to owners of the Parent</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">138,503,778</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">212,256,413</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Net income attributable to owners of the Parent adjusted to reflect the effect of dilution</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">138,503,778</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">212,256,413</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Denominator:</B></FONT></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="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Weighted average of outstanding common shares for the period</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">612,710,079</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">612,710,079</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Weighted average of outstanding common shares for the period adjusted to reflect the effect of dilution</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">612,710,079</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">612,710,079</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Basic earnings per share (stated in pesos)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">226.0511</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">346.4223</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Diluted earnings per share (stated in pesos) (1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">226.0511</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">346.4223</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 7pt/112% BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7pt/7.85pt BBVA Benton Sans Book,serif; margin: 0 0 0 7.1pt; text-align: justify">(1) 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.&nbsp;</P>

<P STYLE="font: 12pt/115% BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED CONDENSED STATEMENT OF
OTHER COMPREHENSIVE INCOME </B></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>FOR THE THREE AND SIX-MONTH INTERIM
PERIODS ENDED JUNE 30, 2025 AND 2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 54)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 36%">&nbsp;</TD>
    <TD STYLE="width: 8%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Note</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 6pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Net income for the period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>59,616,422</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>146,131,205</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>157,388,555</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>213,841,872</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 6pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Other comprehensive income components to be reclassified to income/(loss) for the period:</B></FONT></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>
    <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>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 6pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Profit or losses from financial instruments at fair value through OCI</B></FONT></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>
    <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>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 6pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Income/(loss) for the period from financial instruments at fair value through OCI</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(14,747,735)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(111,608,157)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(215,575,367)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(369,534,303)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 6pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Adjustment for reclassifications for the period</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">293,901</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(84,667,245)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(17,570,328)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(120,946,922)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Income tax</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">11.4</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">5,058,842</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">68,696,391</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">87,377,749</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">231,207,822</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(9,394,992)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(127,579,011)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(145,767,946)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(259,273,403)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 6pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Other comprehensive income components not to be reclassified to income/(loss) for the period:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid">&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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 6pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Income or loss on equity instruments at fair value through OCI </B></FONT></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>
    <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>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 6pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Income/(loss) for the period from equity instruments at fair value through OCI</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,118,173</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,854,029</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(283,198)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(208,208)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,118,173</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>2,854,029</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(283,198)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(208,208)</B></FONT></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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 6pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Total Other Comprehensive Income/(loss) for the period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(8,276,819)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(124,724,982)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(146,051,144)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(259,481,611)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; padding-left: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Total Comprehensive Income/(loss)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>51,339,603</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>21,406,223</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>11,337,411</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(45,639,739)</B></FONT></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></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></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Total Comprehensive Income:</B></FONT></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; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Attributable to owners of the Bank</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">47,079,190</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">13,778,808</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9,130,354</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(46,494,174)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Attributable to non-controlling interests</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,260,413</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">7,627,415</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,207,057</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">854,435</FONT></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></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></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">The accompanying explanatory notes and exhibits are an integral part of these consolidated financial statements.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 1pt BBVA Benton Sans Book,serif; margin: 0 0 0 49.6pt">&nbsp;</P>


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<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED CONDENSED STATEMENT OF
CHANGES IN SHAREHOLDERS&#8217; EQUITY </B></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>FOR THE SIX-MONTH INTERIM PERIOD
ENDED JUNE 30, 2025</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 54)</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="17" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>2025</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; padding-left: 1.6pt; text-align: center; text-indent: -1.6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Share Capital</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Non-capitalized contributions</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Other Comprehensive Income/(loss)</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Reserves</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 13%">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="vertical-align: bottom; width: 7%; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Outstanding shares</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="vertical-align: bottom; width: 8%; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Share premium</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="vertical-align: bottom; width: 8%; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Income/(loss) on financial instruments at fair value through OCI</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 8%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="vertical-align: bottom; width: 7%; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Total equity attributable to controlling interests</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="vertical-align: bottom; width: 9%; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Total equity attributable to non-controlling interests</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="width: 11%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Equity adjustments</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black"><B>&nbsp;Retained Earnings</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-indent: 21.25pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Transactions</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Legal</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Other</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&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>
    <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; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>Restated balances at the beginning of the year</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>612,710</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>6,744,974</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>1,040,005,619</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>56,440,170</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>751,106,000</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>706,709,064</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>406,570,564</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>2,968,189,101</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>48,418,736</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>3,016,607,837</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Total comprehensive income for the period</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: 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="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">&nbsp;- Net income for the period</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">138,503,778</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">138,503,778</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">7,627,427</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">146,131,205</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">- Other comprehensive loss for the period</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">(124,724,970)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">(124,724,970)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">(12)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">(124,724,982)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">- Distribution of retained earnings approved by the Shareholders&#8217; Meeting held on April 23., 2025 (Note 44 to the consolidated financial statements):</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Legal reserve</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">81,314,113</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">(81,314,113)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Other</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">325,256,451</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">(325,256,451)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">- Distribution of dividends approved by the Shareholders&#8217; Meeting held on April 23 and by the BCRA, on May 12, 2025 (Note 44):</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Dividends in kind and in cash (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">(102,911,791)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">(102,911,791)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">(102,911,791)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></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="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Balances at fiscal period end</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>612,710</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>6,744,974</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>1,040,005,619</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>(68,284,800)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>832,420,113</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>929,053,724</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>138,503,778</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>2,879,056,118</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>56,046,151</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>2,935,102,269</B></FONT></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>&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>
    <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 COLSPAN="18" STYLE="padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 6pt BBVA Benton Sans Book,serif; margin: 0">(1) Corresponds to $ 145.93 (in nominal values) per share.</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 6pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">The accompanying explanatory notes and exhibits
are an integral part of these consolidated financial statements.</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>


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    <!-- Field: /Page -->

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED CONDENSED STATEMENT
OF CHANGES IN SHAREHOLDERS&#8217; EQUITY </B></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>FOR THE SIX-MONTH INTERIM PERIOD
ENDED JUNE 30, 2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 54)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="17" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>2024</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>&nbsp;&nbsp;&nbsp;Share</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Non-capitalized </B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Other Comprehensive</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>&nbsp;&nbsp;&nbsp;capital</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>contributions</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Income /(loss)</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Reserves</B></FONT></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; width: 27%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="vertical-align: bottom; width: 5%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Outstanding shares</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="vertical-align: bottom; width: 6%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Share premium</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 5%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="vertical-align: bottom; width: 8%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Income / (Loss) on financial instruments at fair value through OCI</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 7%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 5%; border-top: black 1pt solid">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="vertical-align: bottom; width: 6%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>&nbsp;Retained earnings</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="vertical-align: bottom; width: 7%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Total equity attributable to controlling interests </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="vertical-align: bottom; width: 8%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Total equity attributable to non-controlling interests</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="4" STYLE="width: 8%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Total</B></FONT></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></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Equity adjustments</B></FONT></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="padding-top: 2.65pt; padding-bottom: 1.5pt; text-indent: 21.25pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Transactions</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Legal</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Other</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>Restated balances at the beginning of the year</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>612,710</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>6,744,974</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>1,040,005,619</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>435,097,078</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>668,625,152</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>960,903,162</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>412,404,244</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>3,524,392,939</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>45,035,069</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #004481"><B>3,569,428,008</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Total comprehensive income for the period</FONT></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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">&nbsp;- Net income for the period</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">212,256,413</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">212,256,413</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,585,459</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">213,841,872</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">&nbsp;- Other comprehensive loss for the period</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">(258,750,587)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">(258,750,587)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">(731,024)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">(259,481,611)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">- Distribution of retained earnings approved by the Shareholders&#8217; Meeting held on April 26, 2024 (Note 44):</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-indent: 4.45pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Legal reserve</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">82,480,849</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">(82,480,849)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-indent: 4.45pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Other</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">329,923,395</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">(329,923,395)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">- Distribution of dividends approved by the Shareholders&#8217; Meeting held on April 26, by the BCRA, on May 3 and by the Board of Directors at its meeting on May 6, 2024 (Note 44 to the consolidated financial statements):</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-indent: 4.45pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Dividends in kind and in cash (1)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">(584,117,493)</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">(584,117,493)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">(584,117,493)</FONT></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>&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>
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    <TD>&nbsp;</TD>
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    <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>
    <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="padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black"><B>Balances at fiscal period-end</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>612,710</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>6,744,974</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>1,040,005,619</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>176,346,491</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>751,106,001</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>706,709,064</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>212,256,413</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>2,893,781,272</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>45,889,504</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>2,939,670,776</B></FONT></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>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 1pt BBVA Benton Sans Book,serif; margin: 0; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 100%; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 6pt/6pt BBVA Benton Sans Book,serif; margin: 2.65pt 0 1.5pt">(1) Corresponds to $ 431.24 (in nominal values) per share.</P>
    <P STYLE="font: 6pt/6pt BBVA Benton Sans Book,serif; margin: 2.65pt 0 1.5pt">The accompanying explanatory notes and exhibits are an integral
    part of these consolidated financial statements.</P>
    <P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0"></P></TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 9 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED CONDENSED STATEMENT OF
CASH FLOWS </B></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>FOR THE SIX-MONTH INTERIM PERIODS
ENDED JUNE 30, 2025 AND 2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 54)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 68%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 15%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 15%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Cash flows from operating activities</B></FONT></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>&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-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Income before income tax</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>229,629,670</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>344,646,226</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Adjustment for total monetary income for the period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>269,656,427</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,320,192,852</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Adjustments to obtain cash flows from operating activities:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>246,330,470</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>705,027,297</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Depreciation and amortization</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">45,615,540</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">42,004,803</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Impairment of financial assets</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">246,116,899</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">102,364,330</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Effect of foreign exchange changes on cash and cash equivalents</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(64,424,986)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">557,649,400</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Other adjustments</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">19,023,017</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,008,764</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Net decreases from operating assets:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(4,577,992,689)</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(5,385,006,680)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Debt securities at fair value through profit or loss</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(567,970,715)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(54,291,399)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Derivative instruments</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1,917,771)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">6,631,146</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Repo transactions and surety bonds</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">857,026,757</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Loans and other financing</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(4,036,492,280)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(3,012,447,932)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">&nbsp;&nbsp;&nbsp;Non-financial Government sector</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(2,829,719)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(2,146,114)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">&nbsp;&nbsp;Other financial institutions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(88,223,678)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(7,214,777)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">&nbsp;&nbsp;Non-financial Private Sector and Residents Abroad</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(3,945,438,883)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(3,003,087,041)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Other debt securities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(112,659,549)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(2,730,692,420)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Financial assets pledged as collateral</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">108,724,735</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(234,804,323)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Investments in equity instruments</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">53,687,719</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(130,734,912)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Other assets</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(21,364,828)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(85,693,597)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Net increases from operating liabilities:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>3,878,153,210</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>4,592,680,080</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Deposits</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,248,425,602</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,805,516,130</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;Non-financial Government sector</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">13,755,651</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">298,940,469</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;Financial sector</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">6,509,642</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1,625,967)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;Non-financial Private Sector and Residents Abroad</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,228,160,309</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,508,201,628</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Liabilities at fair value through profit or loss</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">690,648</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(18,871,472)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Derivative instruments</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">11,673,649</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(2,421,854)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Repo transactions and surety bonds</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">247,476,742</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Other liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">617,363,311</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">560,980,534</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Income tax paid</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(7,648,631)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(314,578,218)</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Total cash flows generated by operating activities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>38,128,457</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,262,961,557</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B></B></P>


<!-- Field: Page; Sequence: 10 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED CONDENSED STATEMENT OF
CASH FLOWS </B></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>FOR THE SIX-MONTH INTERIM PERIODS
ENDED JUNE 30, 2025 AND 2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 54)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 68%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 15%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 15%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Cash flows from investing activities</B></FONT></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>&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-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Payments:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(52,176,036)</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(64,347,468)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">&nbsp;&nbsp;Purchase of property and equipment, intangible assets and other assets</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(51,883,419)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(64,347,468)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">&nbsp;&nbsp;Other payments related to investing activities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(292,617)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Collections:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>412,987</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>4,182,588</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">&nbsp;&nbsp;Other collections related to investing activities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">412,987</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,182,588</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Total cash flows used in investing activities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(51,763,049)</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(60,164,880)</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Cash flows from financing activities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&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>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Payments:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(10,197,964)</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(100,598,775)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Dividends</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(3,387,108)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(68,137,646)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">&nbsp;Non-subordinated corporate bonds</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(10,745,146)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">&nbsp;Financing from local financial institutions </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(13,816,380)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Payment of lease liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(6,810,856)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(7,899,603)</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Collections:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>420,339,813</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>8,967,805</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">&nbsp;Non-subordinated corporate bonds</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">284,161,681</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">&nbsp;Financing from local financial institutions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">119,969,013</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">&nbsp;Other collections related to financing activities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">16,209,119</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">8,967,805</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Total cash flows generated by / (used in) financing activities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>410,141,849</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(91,630,970)</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Effect of exchange rate changes on cash and cash equivalents</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">64,424,986</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(557,649,400)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Effect of net monetary income/(loss) of cash and cash equivalents</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(397,006,695)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1,395,675,559)</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Total changes in cash flows</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>63,925,548</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(842,159,252)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Restated cash and cash equivalents at the beginning of the year (Note 3)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3,250,198,428</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,864,664,938</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Cash and cash equivalents at fiscal period-end (Note 3)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3,314,123,976</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,022,505,686</B></FONT></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="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">The accompanying explanatory notes and exhibits are an integral part of these consolidated financial statements.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>NOTES TO THE CONSOLIDATED CONDENSED
INTERIM FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>(Amounts stated in thousands
of Argentine pesos in constant currency &#8211; Note 2.1.5.)</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>(Translation of Financial statements
originally issued in Spanish &#8211; See Note 54)</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: center; text-indent: 35.45pt; color: #072146"><B></B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; color: #072146"><B>1. General Information</B></P>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; color: #004481"><B>1.1. Information on Banco BBVA Argentina
S.A.</B></P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 10.35pt; color: #004481"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">Banco BBVA Argentina S.A. (hereinafter,
either &#8220;BBVA Argentina&#8221;, the &#8220;Entity&#8221; or the &#8220;Bank&#8221;) is a corporation (<I>&#8220;sociedad an&oacute;nima&#8221;</I>)
incorporated under the laws of Argentina, operating as a universal bank with a network of 234 national branches.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">Since December 1996, BBVA Argentina
is part of the global strategy of Banco Bilbao Vizcaya Argentaria S.A. (hereinafter, either &#8220;BBVA&#8221; or the &#8220;Parent&#8221;),
which directly and indirectly controls the Entity, by holding 66.55% of the share capital as of June 30, 2025.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">These consolidated condensed interim
financial statements include the Entity and its subsidiaries (collectively referred to as the &#8220;Group&#8221;). Basis of consolidation
is described in Note 2.2.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Part of the Entity's share capital
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/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 12pt 28.35pt; text-align: justify; color: #004481"><B>1.2 Evolution
of the macroeconomic situation and the financial and capital systems</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">In recent years, the Argentine financial
market has observed a prolonged period of volatility in the market values of public and private financial instruments, including a high
level of country risk, an increase in the official exchange rate between the Argentine peso and the US dollar, an increase in interest
rates, and a significant acceleration in the rate of inflation (see note 2.1.5. Measuring Unit).</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">On December 10, 2023, the new authorities
of the Argentine National Government took office and promoted a series of emergency measures within the framework of an economic policy
proposal that, among its main objectives, seeks to the elimination of the fiscal deficit based on the reduction of the primary public
expenditure of both the Nation and the Provinces, and the resizing of the State&#8217;s structure, by eliminating subsidies and transfers.</P>

<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">As soon as the new administration took
office, it adopted measures aimed at normalizing the foreign exchange and financial markets. On the one hand, the devaluation of the peso
in the official exchange market -mainly used for foreign trade- close to 55%, together with a comprehensive revision of monetary and fiscal
policies, has contributed to the narrowing of the gap between the values of foreign currencies in the official and free exchange markets
(transactions in the stock market) from a peak of 200% during the last quarter of 2023. On April 11, 2025, the Argentine government announced
a series of measures aimed at loosening the regulations to access the foreign exchange market. Among other changes, these measures include
establishing currency bands (between ARS 1,000 and ARS 1,400, a range which will be adjusted at a 1% per month), within which the US dollar
exchange rate may fluctuate in the foreign exchange market, and the lifting of foreign exchange restrictions applicable to natural persons,
including the limit to access the foreign exchange market of up to USD 200 per month for individuals. As of the date of issuance of the
accompanying financial statements, the abovementioned gap between the exchange rates in the official and freely floating foreign exchange
markets does not exceed 1%.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">On the other hand, the National Government
and the BCRA reformulated monetary and financial policies to drastically reduce the so-called quasi-fiscal deficit. The exchange of the
BCRA's obligations with banks, including puts on public securities held by financial institutions, and their transfer to the National
Treasury together with the fiscal surplus obtained by the National Government and the rollover of peso-denominated debt services, significantly
absorbed the money surplus in the economy, thereby
reducing both inflation (6% during the second quarter of 2025) and nominal interest rates.</P>


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<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">In relation to sovereign debt, various
voluntary local debt swaps, along with agreements reached regarding obligations with the Paris Club and the International Monetary Fund
(IMF), allowed the country to avoid defaults, and the BCRA made progress in normalizing external commercial debt and, more recently, in
accumulating international reserves sourced from both the trade surplus and the Asset Regularization Regime established under Law No.
27,743. On 11 April 2025, the IMF Executive Board approved an Extended Fund Facility (EFF) arrangement for Argentina totaling approximately
USD 20 billion. This approval included an immediate disbursement of USD 12 billion and an additional disbursement of USD 2 billion made
in August 2025. On the same date, the World Bank and the Inter-American Development Bank also approved financial assistance packages to
Argentina under their respective multi-annual programs, amounting to USD 12 billion (of which USD 1.5 billion is to be disbursed immediately)
and USD 10 billion, respectively.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">At a broader level, the National Government&#8217;s
programme includes structural reforms across both the economic framework and other areas of public policy. On 20 December 2023, by means
of Emergency Decree No. 70/2023, a substantial package of reforms was enacted across a wide range of sectors. Some of these measures were
legally challenged by affected stakeholders, who filed injunctions (&#8220;<I>amparos</I>&#8221;) and constitutional claims seeking to
suspend their enforcement. Subsequently, certain provisions that had been subject to legal challenge were incorporated into other legislative
initiatives, which were later approved by Congress and enacted by the Executive Branch. On July 8, 2024, Law 27,742, as enacted by the
Federal Executive through Executive Decree No. 592/2024, was published on the Official Gazette, includes issues such as delegated powers
to the Federal Executive, and tax, labor, and social security reforms, among others.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">Even though the national macroeconomic
and financial situation has improved favorably in recent months, the slow and uneven recovery of the country's level of activity, together
with a relatively uncertain international context, require the Entity's Management to continuously monitor the situation in order to identify
any matters that may affect its financial position and performance, which may need to be reflected in future financial statements.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; color: #072146"><B>2. Basis for the preparation of these
financial statements and applicable accounting standards</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #004481"><B>2.1. Basis for preparation</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 49.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt">2.1.1. <B><U>Applicable Accounting Standards</U></B></P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">These consolidated condensed interim
financial statements of the Bank were prepared in accordance with the financial reporting framework set forth by the BCRA (Communication
&#8220;A&#8221; 6114 as supplemented by the BCRA). Except for the exceptions established by the BCRA which are explained in the following
paragraph, such framework is based on IFRS Accounting Standards as issued by the IASB (International Accounting Standards Board) and adopted
by the Argentine Federation of Professionals Councils in Economic Sciences (FACPCE, for its acronym in Spanish). The abovementioned IFRS
Accounting Standards include the International Financial Reporting Standards (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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Out of the exceptions set forth by
the BCRA to the application of current IFRS Accounting Standards, the following affects the preparation of these consolidated condensed
interim financial statements:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/12pt Lucida Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Within the framework of the convergence
process to IFRS Accounting Standards established by Communication &#8220;A&#8221; 6114, as amended and supplemented, the BCRA provided
that for fiscal years starting on or after January 1, 2020, financial institutions defined as &#8220;Group A&#8221; according to BCRA
regulations, as such is the case of the Entity, are required to start to apply paragraph 5.5 &#8220;Impairment&#8221; of IFRS 9 &#8220;Financial
Instruments&#8221; (paragraphs B5.5.1 through B5.5.55) except for exposures to the public sector, considering the exclusion set forth
by Communication &#8220;A&#8221; 6847. </FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 49.6pt; text-align: justify; text-indent: -21.25pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">Had the abovementioned paragraph 5.5.
&#8220;Impairment&#8221; been applied in full, according to a global estimate made by the Entity, as of June 30, 2025 and December 31,
2024, its shareholders&#8217; equity would have been reduced by 431,930 and 5,875,621, respectively.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Except for what was mentioned in the
previous paragraphs, the accounting policies applied by the Entity comply with the IFRS Accounting Standards issued by the IASB that have
been currently approved and are applicable in the preparation of these consolidated condensed interim financial statements in accordance
with the IFRS Accounting Standards issued by the IASB as adopted by the BCRA as per Communication &#8220;A&#8221; 8164. In general, the
BCRA does not allow the early application of any IFRS Accounting Standards, unless otherwise specified.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">These financial statements were approved
by the Board of Directors of Banco BBVA Argentina S.A. on August 20, 2025.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">2.1.2. <B><U>Figures stated in thousands
of pesos</U></B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">These consolidated condensed interim
financial statements expose figures stated in thousands of Argentine pesos in terms of purchasing power as of June 30, 2025 and are rounded
to the nearest amount in thousands of pesos.</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The Entity and its subsidiaries consider
the Argentine peso as their functional and presentation currency.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">2.1.3. <B><U>Presentation of Statement
of Financial Position</U></B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 0.85in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The Entity presents its Statement of
Financial Position in order of liquidity, according to the model set forth in Communication &#8220;A&#8221; 6324 of the BCRA.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Financial assets and 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">These consolidated condensed interim
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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">2.1.4. <B><U>Comparative information</U></B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The consolidated statement of financial
position as of June 30, 2025 is presented comparatively with data as of the end of the previous fiscal year, while the statements of income
and other comprehensive income for the three and six-month periods ended June 30, 2025, and the statements of changes in shareholders&#8217;
equity and cash flows for the six-month period then ended are presented comparatively with the same periods of the previous fiscal year.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 period (see &#8220;Measuring unit&#8221; below).</P>


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<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">2.1.5. <B><U>Measuring Unit</U></B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">These consolidated condensed interim
financial statements as of June 30, 2025 have been restated to be expressed in the purchasing power currency as of that date, as set forth
in IAS 29 &#8220;Financial Reporting in Hyperinflationary Economies&#8221; and considering, in addition, the particular rules issued by
the BCRA in Communications &#8220;A&#8221; 6651, 6849, as amended and supplemented, which established that such method should be applied
to financial statements for fiscal years starting on, and after January 1, 2020 and defined December 31, 2018 as transition date.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">IFRS Accounting Standards require 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 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 restatements, a series of indexes prepared and published on a monthly basis by the Argentine Federation of Professional
Councils of Economic Sciences (&#8220;FACPCE&#8221;), which combines the consumer price index (CPI) 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Considering the index referred to above,
inflation for the six-month periods ended June 30, 2025 and 2024 was 15.10% and 79.77%, respectively, and for the fiscal year ended December
31, 2024, it was 117.76%.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 &#8220;A&#8221; 6849, as supplemented,
of the BCRA:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, 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: BBVA Benton Sans Book,serif; font-size: 10pt"><B>a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 49.65pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.9pt"></TD><TD STYLE="width: 24pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">i.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; 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
period. 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 period.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.9pt"></TD><TD STYLE="width: 24pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">ii.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; 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/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.9pt"></TD><TD STYLE="width: 24pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">iii.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Non-monetary items measured at
their current values at the end of the reporting period 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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.9pt"></TD><TD STYLE="width: 24pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">iv.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; 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 period are restated at indexes that reflect the variation
occurred in the general price index 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. Charges to income or loss for the period of 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>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.9pt"></TD><TD STYLE="width: 24pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">v.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">The restatement of non-monetary
assets in terms of a measuring unit current at the end of the reporting period 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 period. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, 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: BBVA Benton Sans Book,serif; font-size: 10pt"><B>b)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.6pt"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">i.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; 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/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.6pt"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">ii.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, 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: BBVA Benton Sans Book,serif; font-size: 10pt"><B>c)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><B>Description of the main aspects
of the restatement process of the statement of changes in shareholders&#8217; equity:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">i.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; 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: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63.8pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">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 &#8220;A&#8221; 6849
for each particular item. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63.8pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Reserves, including the reserve
for first time application of IFRS Accounting Standards, were maintained at their nominal value as of the transition date (non-restated
legal amount).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63.8pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Restated 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.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63.8pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">d)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Balances of other accumulated
comprehensive income were restated as of the transition date. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">ii.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">After the restatement as of the
transition date stated in (i) above, all the shareholders&#8217; 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. Under BCRA requirements, the restatement of share capital and additional paid-in capital is disclosed under &#8220;Inflation adjustment
to the share capital&#8221; account.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 56.7pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, 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: BBVA Benton Sans Book,serif; font-size: 10pt"><B>d)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.5pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">i.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">All items are restated in terms
of the measuring unit current as of the end of the reporting period.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.5pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">ii.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; 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 &#8220;Effect of net monetary income/(loss) of cash and cash equivalents&#8221;.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #004481"><B>2.2. Basis for consolidation
</B></P>

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<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The consolidated condensed interim
financial statements comprise the Entity&#8217;s and its subsidiaries&#8217; financial statements (the &#8220;Group&#8221;) as of June
30, 2025 and December 31, 2024.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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>

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<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">When assessing if an Entity has power
over an investee and therefore, whether it controls the variability of its yields, the Entity considers all the relevant events and circumstances,
including:</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, 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: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">The purpose and design of the investee.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, 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: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; 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/12pt Times New Roman, Times, 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: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; 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/12pt Times New Roman, Times, 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: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">If the Entity and its subsidiaries are exposed to, or entitled
to, variable yields arising from their interest in the investee, and are empowered to affect their variability.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 condensed interim financial statements include the Entity&#8217;s and its subsidiaries&#8217;
assets, liabilities, profit or loss and each component of other comprehensive income. Transactions among consolidated entities are fully
eliminated.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 the related accounting policies
consistently with those applied by the Entity. If necessary, the 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Besides, non-controlling interests
represent the portion of income or loss and shareholders&#8217; 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&#8217; Equity.</P>

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<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">As of June 30, 2025 and December 31,
2024, the Entity has consolidated its financial statements with the financial statements of the following companies:</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 39%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Subsidiaries</B></FONT></TD>
    <TD STYLE="width: 21%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Registered Office</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Province</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Country</B></FONT></TD>
    <TD STYLE="width: 19%; border: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Main Business Activity</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Volkswagen Financial Services C&iacute;a. Financiera S.A.</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Av. C&oacute;rdoba 111, 30th Floor</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">City of Buenos Aires</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentina</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Financing</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">PSA Finance Arg. C&iacute;a. Financiera S.A.</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Carlos Mar&iacute;a Della Paolera 265, 22nd Floor</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">City of Buenos Aires</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentina</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Financing</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Consolidar Administradora de&nbsp;&nbsp;Fondos de Jubilaciones y Pensiones S.A. (undergoing liquidation proceedings)&nbsp;&nbsp;&nbsp;(1)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Av. C&oacute;rdoba 111, 22nd Floor</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">City of Buenos Aires</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentina</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Retirement and Pension Fund Manager</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">BBVA Asset Management Argentina S.A.U. Sociedad Gerente de Fondos Comunes de Inversi&oacute;n </FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Av. C&oacute;rdoba 111, 30th Floor</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">City of Buenos Aires</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentina</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Mutual Funds Manager</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/9.6pt Times New Roman, Times, 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: BBVA Benton Sans Book,serif; font-size: 8pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><U>Consolidar Administradora de
Fondos de Jubilaciones y Pensiones S.A. (undergoing liquidation proceedings) &#8220;Consolidar A.F.J.P. S.A. (undergoing liquidation proceedings)&#8221;</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&#8217; Meeting to approve the dissolution
and subsequent liquidation of that company effective as of December 31, 2009. </FONT></TD></TR></TABLE>

<P STYLE="font: 8pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0 0 0 63.8pt; text-align: justify">On December 7, 2010, Consolidar A.F.J.P. S.A.
(undergoing liquidation proceedings) filed a lawsuit for damages against the Argentine government under case No. 40.437/2010. The lawsuit
was ratified by BBVA Banco Franc&eacute;s in its capacity as the Company&#8217;s majority shareholder. On July 1, 2021, a decision rejecting
the claim was issued. On August 9, 2022, Room I of the Federal Court of Appeals in Contentious and Administrative Matters ratified the
trial court decision. On August 25, 2022, a federal extraordinary appeal was filed against the abovementioned resolution, which was partially
accepted in regard to the federal issue at stake and rejected the request concerning the grounds of arbitrariness through the court decision
dated September 15, 2022. Considering the partial rejection, an appeal was filed with the Argentine Supreme Court of Justice on September
21, 2022. As of the date of issuance of the accompanying financial statements, neither the outcome of the legal process referred to nor
the final assessment of the case by the Argentine Supreme Court of Justice can be estimated. Likewise, in the hypothetical event that
in the event of a rejection of the claim, all or part of the costs were imposed on Consolidar AFJP S.A. (in liquidation) and that the
assets of said entity were insufficient to support them, the Bank would face such expenses, reserving the right to repeat the proportional
part corresponding to the remaining shareholder.</P>

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<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">As of June 30, 2025 and December 31,
2024, the Entity&#8217;s interest in consolidated companies is as follows:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="border: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Subsidiaries</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Shares</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Interest held by the Company</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Non-controlling interest&nbsp;</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Type</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Number</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Total share capital</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Votes</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Total share capital</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Votes</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 32%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Volkswagen Financial Services C&iacute;a. Financiera S.A.</FONT></TD>
    <TD STYLE="width: 11%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Common</FONT></TD>
    <TD STYLE="width: 13%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">897,000,000</FONT></TD>
    <TD STYLE="width: 11%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">51.00 %</FONT></TD>
    <TD STYLE="width: 11%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">51.00 %</FONT></TD>
    <TD STYLE="width: 11%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">49.00 %</FONT></TD>
    <TD STYLE="width: 11%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">49.00 %</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">PSA Finance Arg. C&iacute;a. Financiera S.A.&nbsp;&nbsp;(1)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Common</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">52,178</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">50.00 %</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">50.00 %</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">50.00 %</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">50.00 %</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Consolidar Administradora de&nbsp;&nbsp;Fondos de Jubilaciones y Pensiones S.A. (undergoing liquidation proceedings)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Common</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">235,738,503</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">53.89 %</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">53.89 %</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">46.11 %</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">46.11 %</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">BBVA Asset Management Argentina S.A.U. Sociedad Gerente de Fondos Comunes de Inversi&oacute;n </FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Common</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">242,524</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">100.00 %</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">100.00 %</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">- %</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">- %</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/120% BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt/9.6pt BBVA Benton Sans Book,serif; margin: 0 0 0 63.75pt; text-align: justify; text-indent: -14.2pt">(1) According
to the Shareholders&#8217; Agreement, the Bank controls the entity because it is exposed, or has rights, to variable returns from its
continued involvement with the entity and has the ability to direct the relevant activities in order to affect those returns, such as
financial and risk management activities, among others.</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The Entity&#8217;s and its subsidiaries&#8217;
total assets, liabilities and equity as of June 30, 2025 and December 31, 2024, are as follows:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Entity</B></FONT></TD>
    <TD COLSPAN="6" STYLE="border: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Balances as of 06/30/2025</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Assets</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Liabilities</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Equity attributable to owners of the Parent</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Equity attributable to non-controlling interests</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Total comprehensive income(loss) attributable to owners of the Parent</B></FONT></TD>
    <TD STYLE="border: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Total comprehensive income (loss) attributable to non-controlling interests</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; width: 30%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Volkswagen Financial Services C&iacute;a. Financiera S.A.</FONT></TD>
    <TD STYLE="width: 12%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">403,452,242</FONT></TD>
    <TD STYLE="width: 12%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">330,267,965</FONT></TD>
    <TD STYLE="width: 11%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">37,323,981</FONT></TD>
    <TD STYLE="width: 12%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">35,860,296</FONT></TD>
    <TD STYLE="width: 11%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,476,974</FONT></TD>
    <TD STYLE="width: 12%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,340,621</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">PSA Finance Arg. C&iacute;a. Financiera S.A.</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">278,729,037</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">238,664,294</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">20,032,372</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">20,032,371</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">4,319,563</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">4,319,539</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Consolidar Administradora de Fondos de Jubilaciones y Pensiones S.A. (en liquidaci&oacute;n)&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">451,018</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">118,154</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">179,380</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">153,484</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(38,271)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(32,745)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">BBVA Asset Management Argentina S.A.U. Sociedad Gerente de Fondos Comunes de Inversi&oacute;n </FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">65,376,537</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9,918,413</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">55,458,124</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">19,991,268</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Banco BBVA Argentina S.A.(Separate)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">18,876,775,741</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">15,997,719,623</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,879,056,118</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">13,778,808</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Withdrawals</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(360,331,034)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(247,337,177)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(112,993,857)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(27,749,534)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Banco BBVA Argentina S.A.(Consolidated)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">19,264,453,541</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">16,329,351,272</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,879,056,118</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">56,046,151</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">13,778,808</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">7,627,415</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Entity</B></FONT></TD>
    <TD COLSPAN="6" STYLE="border: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Balances as of 12/31/2024</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Assets</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Liabilities</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Equity attributable to owners of the Parent</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Equity attributable to non-controlling interests</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Income(loss) attributable to owners of the Parent</B></FONT></TD>
    <TD STYLE="border: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Income (loss) attributable to non-controlling interests</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; width: 30%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Volkswagen Financial Services C&iacute;a. Financiera S.A.</FONT></TD>
    <TD STYLE="width: 12%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">301,052,577</FONT></TD>
    <TD STYLE="width: 12%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">234,685,895</FONT></TD>
    <TD STYLE="width: 11%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">33,847,008</FONT></TD>
    <TD STYLE="width: 12%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">32,519,674</FONT></TD>
    <TD STYLE="width: 11%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">4,897,653</FONT></TD>
    <TD STYLE="width: 12%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">4,705,605</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">PSA Finance Arg. C&iacute;a. Financiera S.A.</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">173,934,050</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">142,508,409</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">15,712,809</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">15,712,832</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(1,190,190)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(1,190,188)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Consolidar Administradora de Fondos de Jubilaciones y Pensiones S.A. (en liquidaci&oacute;n)&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">485,509</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">81,627</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">217,652</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">186,230</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(153,976)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(131,748)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">BBVA Asset Management Argentina S.A.U. Sociedad Gerente de Fondos Comunes de Inversi&oacute;n </FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">44,436,668</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">8,969,874</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">35,466,794</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">22,947,159</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Banco BBVA Argentina S.A.(Separate)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">16,673,021,665</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">13,704,832,564</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,968,189,101</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">27,913,657</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Withdrawals</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(244,935,529)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(159,691,266)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(85,244,263)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(26,500,646)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Banco BBVA Argentina S.A.(Consolidated)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">16,947,994,940</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">13,931,387,103</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,968,189,101</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">48,418,736</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">27,913,657</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,383,669</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><U>Offer for the acquisition of 50%
of FCA Compa&ntilde;&iacute;a Financiera S.A.</U></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">On December 18, 2024, the Bank accepted
an offer from FIDIS S.P.A. to acquire 50% of FCA Compa&ntilde;&iacute;a Financiera S.A.'s capital stock (&#8220;FCA CF&#8221;).</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">FCA CF is a financial company authorized
by the BCRA's Board of Directors through Resolution No. 432, dated September 16, 1999, which became part of the Stellantis global automotive
group, which is mainly engaged in providing financing to local residents of the private sector aimed at purchasing vehicles of the Fiat,
Jeep and RAM brands. All of these goods are manufactured and/or sold by FCA Automobiles Argentina, S.A.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">The acquisition of the shares and
the payment of the price will be made after obtaining the authorization of the BCRA and all other applicable regulatory and antitrust
authorizations (the &#8220;Closing&#8221;). The transaction price was initially estimated at about 14,823 million Argentine pesos based
on the September 30, 2024 Financial Statements. However, under the terms of the offer, the price will be determined on the basis of the
financial statements closest to the closing, and it will be subject to the usual subsequent adjustments in this type of transactions.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">The Entity&#8217;s Board of Directors
considers that there are no other companies or structured entities that should be included in the interim consolidated condensed financial
statements as of June 30, 2025.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><U>Trusts</U></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">The Group acts as a trustee for financial,
management and guarantee trusts (see Note 50). 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>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 12pt 0 6pt 28.35pt; text-align: justify"><U>Mutual funds</U></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The Group acts as fund manager in various
mutual funds (see Note 51). 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. The Group has concluded that it has no control over any of these mutual funds.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><FONT STYLE="color: #004481"><B>2.3.
Summary of </B></FONT><B>s<FONT STYLE="color: #004481">ignificant accounting policies</FONT></B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">These consolidated condensed interim
financial statements as of June 30, 2025 have been prepared in accordance with the financial reporting framework set forth by the BCRA
mentioned in Note 2.1.1 &#8220;Applied accounting policies&#8221;, which, in particular for consolidated condensed interim financial statements,
is based on IAS 34 &#8220;Interim financial reporting&#8221;.</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">In preparing these consolidated condensed
interim financial statements, in addition to what is explained in Notes 2.1.5 &#8220;Measuring Unit&quot; and 2.5 &quot;Regulatory changes
made this year&quot;, the Entity has consistently applied the basis of presentation and consolidation, significant accounting policies
and judgments, estimates and accounting assumptions described in the consolidated financial statements for the fiscal year ended December
31, 2024, which have already been issued, except as indicated in Note 2.1.1.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">These consolidated condensed interim
financial statements include all the information necessary for users to properly understand the basis of preparation and presentation
applied in their preparation, as well as the significant events and transactions that have occurred since the issuance of the last annual
consolidated financial statements for the fiscal year ended December 31, 2024. However, these consolidated condensed interim financial
statements do not include all the information and disclosures required for annual consolidated financial statements prepared in accordance
with IAS 1 &#8220;Presentation of Financial Statements&#8221;. Therefore, these consolidated condensed interim financial statements should
be read in conjunction with the annual consolidated financial statements for the fiscal year ended December 31, 2024, which have already
been issued.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><B>2.3.1. Going concern </B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; 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 may cast doubt on the Entity's ability to continue as
a going concern. Therefore, these consolidated financial statements have been prepared on a going concern basis.</P>

<P STYLE="font: 10pt/112% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #004481"><B>2.4. Accounting
judgments, estimates and assumptions</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The preparation of these consolidated
condensed financial statements in accordance with IFRS Accounting Standards requires the preparation and consideration, by the Entity&#8217;s
and its subsidiaries&#8217; 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 period.</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 and liabilities affected. Accounting judgments, estimates and assumptions are reviewed on an ongoing
basis and their effect is recognized prospectively.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The most significant accounting judgments,
estimates and assumptions included in these financial statements were the same as those described in Notes 2.4.1, 2.4.2 and 2.4.3 to the
consolidated financial statements as of December 31, 2024, which have already been issued.</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>2.5. Regulatory
changes introduced during this fiscal year</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #004481"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">In the fiscal year beginning January
1, 2025, the following amendments to IFRS Accounting Standards became effective, which have not had a significant impact on these consolidated
condensed interim financial statements taken as a whole:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 42.5pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><B>Amendments to IAS 21 - Lack of exchangeability</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 42.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">In August 2023, the IASB issued amendments
to IAS 21 relating to the &#8220;Lack of exchangeability&#8221;. The amendment to IAS 21 specifies how an entity should assess whether
a currency is exchangeable and how it should determine a spot exchange rate when interchangeability is lacking. A currency is considered
to be exchangeable for another currency when an entity is able to obtain the other currency without undue delay and through markets or
exchange mechanisms that create enforceable rights and obligations. If a currency is not exchangeable for another currency, an entity
is required to estimate the spot exchange rate at the measurement date. An entity's purpose in estimating the spot rate is to reflect
the rate at which an orderly exchange transaction would take place at the measurement date between market participants under prevailing
economic conditions. The amendments state that an entity may use an unadjusted observable exchange rate or other estimation technique.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 42.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">When an entity estimates a spot exchange
rate because a currency is not exchangeable for another currency, it should disclose information that enables users of the financial statements
to understand how the fact of that currency not being interchangeable affects, the entity's performance, financial position and cash flows.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #004481"><B>2.6. New pronouncements</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">As established in BCRA Communiqu&eacute;
&#8220;A&#8221; 6114, as the new IFRS Accounting Standards are approved, either by amending or repealing former ones, and once all these
changes are adopted through the adoption circulars published by the Argentine Federation of Professional Councils of Economic Sciences
(FACPCE), the BCRA will issue an opinion regarding its approval for financial institutions. In general, early application will not be
allowed with respect of any new IFRS unless expressly admitted upon their adoption.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The standards and interpretations applicable
to the Entity, issued but ineffective as of the date of these consolidated condensed interim financial statements are disclosed below.
The Entity will adopt these standards, if applicable, when they are effective.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><B>IFRS 18 - Presentation and Disclosures
in Financial Statements</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">In April 2024, the IASB issued IFRS
18 &#8220;Presentation and Disclosures in Financial Statements&#8221;, which addresses the format for the presentation of profit or loss
in financial statements, performance measures defined by management and aggregation/disaggregation of disclosures. This standard will
replace IAS 1 and is effective from January 1, 2027. The Entity is evaluating the effects these amendments may have on the financial statements.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><B>Amendments to IFRS 9 and IFRS 7
- Classification and measurement of financial instruments</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">In May 2024, the IASB issued amendments
to the classification and measurement of financial instruments, which:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/12pt Lucida Sans; 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: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Clarify that a financial liability
is derecognized on the &#8220;settlement date,&#8221; i.e., when the related obligation is discharged, cancelled, expires or the liability
otherwise qualifies for derecognition. It also introduces an accounting policy option to derecognize financial liabilities
that are settled through an electronic payment system before the settlement date if certain conditions are met.</FONT></TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/12pt Lucida Sans; 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: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Clarified how to assess contractual
cash flow characteristics of financial assets that include environmental, social and governance (ESG) and other similar contingent characteristics.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/12pt Lucida Sans; 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: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Clarified the treatment of non-recourse
assets and contractually linked instruments.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/12pt Lucida Sans; 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: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Require additional disclosures
for financial assets and liabilities with contractual terms that refer to a contingent event (including those that are linked to ESG)
and equity instruments classified at fair value through other comprehensive income.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">These amendments are effective from
January 1, 2026. The Entity is evaluating the effects these amendments may have on the financial statements.</P>

<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><B>Improvements to IFRS Accounting
Standards</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">In July 2024, the IASB published Annual
Improvements to IFRS Accounting Standards - Volume 11. Below is a summary of the amendments made:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/12pt Lucida Sans; 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: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">IFRS 1 First-time Adoption of
International Financial Reporting Standards - Hedge Accounting by a first-time adopter.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/12pt Lucida Sans; 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: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">IFRS 7 Financial Instruments:
Disclosures about gain or loss on derecognition, deferred difference between fair value and transaction price, and disclosures about credit
risk; amendments are also made to paragraph IG1 of the Implementation Guidance.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/12pt Lucida Sans; 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: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">IFRS 9 Financial Instruments -
Derecognition of lease liabilities by the lessee. However, the amendment does not address how a lessee distinguishes between a lease modification
as defined in IFRS 16 and an extinguishment of a lease liability in accordance with IFRS 9.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/12pt Lucida Sans; 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: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">IFRS 9 Financial Instruments -
Transaction Price: paragraph 5.1.3 of IFRS 9 has been amended to replace the reference to &#8220;transaction price as defined by IFRS
15 Revenue from contracts with customers&#8221; with &#8220;the amount determined by applying IFRS 15&#8221;. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/12pt Lucida Sans; 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: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">IFRS 10 Consolidated Financial
Statements - Determination of a &#8220;de facto agent&#8221;: paragraph B74 of IFRS 10 has been amended to clarify that the relationship
described in paragraph B74 is only one example of the various relationships that could exist between the investor and other parties acting
as de facto agents of the investor.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/12pt Lucida Sans; 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: Symbol; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">IAS 7 Statement of Cash Flows
- Cost Method: paragraph 37 of IAS 7 has been amended to replace the term &#8220;cost method&#8221; with &#8220;at cost&#8221;, following
the previous deletion of the definition of &#8220;cost method&#8221;.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">These amendments are effective from
January 1, 2026. The Entity is evaluating the effects these amendments may have on the financial statements.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>2.7. Transcription
to the books</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">As of the date of these consolidated
condensed interim financial statements, they are in the process of being transcribed to the Book of Balance Sheets for Publication, the
most recently transcribed financial statements being those as of March 31, 2025.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #072146"><B>3. Cash and deposits
in banks</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The breakdown in the Consolidated Condensed
Statement of Financial Position and the balance of cash and cash equivalents calculated for the purposes of the preparation of the Consolidated
Condensed Statement of Cash Flows is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Cash</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">822,126,869</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,050,751,805</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">B.C.R.A. - Unrestricted current account</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,572,779,774</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">873,343,131</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Balances with other local and foreign financial institutions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">908,045,923</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">326,103,492</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Cash and cash equivalents for spot purchases or sales pending settlement</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,171,410</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><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></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>3,314,123,976</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>3,250,198,428</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><FONT STYLE="font-size: 10pt">The balances
of Cash and deposits in banks as of June 30, 2024 and December 31, 2023 amounted to 2,022,505,686 and 2,864,664,938, respectively</FONT>.</P>

<P STYLE="font: 12pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #072146"><B>4. Debt securities
at fair value through profit or loss</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 49.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Government securities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">464,839,498</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">105,655,567</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">BCRA Liquidity bills</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">158,751,185</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">BCRA Notes</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">703,319</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Private securities - Corporate bonds</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">67,346</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><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></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>624,361,348</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>105,655,567</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 7.1pt 0 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 7.1pt 0 28.35pt">A breakdown of this information is provided in Exhibit
A.</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 7.1pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 7.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #072146"><B>5. Derivative
instruments </B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 swap transactions. These transactions do not qualify as hedging pursuant to IFRS 9 - &#8220;Financial
Instruments&#8221;.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; text-align: justify">The aforementioned instruments
are measured at fair value and were recognized in the Consolidated Condensed Statement of Financial Position in the item &#8220;Derivative
instruments&#8221;. Changes in fair values were recognized in the Consolidated Condensed Statement of Income in &#8220;Net income from
measurement of financial instruments at fair value through profit or loss&#8221;.</P>


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    <!-- Field: /Page -->

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0"></P>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt">Breakdown is as follows:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; text-align: justify"><U>Assets</U></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Debit balances linked to foreign currency forwards pending settlement in pesos</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,037,675</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,669,663</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Debit balances linked to interest rate swaps - floating rate for fixed rate</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,000,585</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">682,861</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><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></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12,038,260</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>11,352,524</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify"><U>Liabilities</U></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Credit balances linked to foreign currency forwards pending settlement in pesos</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">15,007,957</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,441,163</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Credit balances linked to interest rate swaps - floating rate for fixed rate</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">37,746</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><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></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>15,045,703</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>4,441,163</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B><U>Foreign currency forwards</U></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&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="vertical-align: bottom">
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;Foreign currency forward purchases - US$</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">441,274</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">718,460</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt; text-indent: 5.3pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Foreign currency forward purchases - Euros</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 9pt/9pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-indent: -6.25pt">Foreign currency forward sales - US$</P>
    <P STYLE="font: 12pt/9pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">598,462</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">705,015</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;Foreign currency forward sales - Euros</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,704</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,451</FONT></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>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 9pt/9pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B><U>Interest rate swaps </U></B></P>
    <P STYLE="font: 12pt/9pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&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">
    <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>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;Fixed rate for floating rate &nbsp;(1)</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">23,381,111</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,044,000</FONT></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>
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/9.6pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.35pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><SUP>(1)</SUP></FONT></TD><TD STYLE="text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Floating rate: Badlar rate, interest
rate for deposits over one million pesos, for a term of 30 to 35 days.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #072146"><B>6. Repo transactions
and surety bonds</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; text-align: justify">No reverse repurchase transactions,
repurchase transactions or surety bonds were accounted for by the Entity as of June 30, 2025 and December 31, 2024.</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 25 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #072146"><B>7. Other financial
assets</B></P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>Measured at amortized cost</B></FONT></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>&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-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other receivables </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">170,726,299</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">166,125,204</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Receivables from sale of ownership interest in Prisma Medios de Pago S.A. (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">19,313,865</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">40,133,285</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Non-financial debtors from spot transactions pending settlement</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,045,408</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,217,566</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">865,446</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">756,295</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Financial debtors from spot transactions pending settlement</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">74,285,197</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>194,951,018</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>292,517,547</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>Measured at fair value through profit or loss</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&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>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Mutual funds</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">969,925</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">862,280</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>969,925</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>862,280</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Allowance for loan losses (Exhibit R)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(2,138,717)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(2,079,199)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><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></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>193,782,226</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>291,300,628</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/9.6pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><SUP>(1)</SUP></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">On October 1, 2021, the Bank, together
with the other Class B Shareholders, gave notice of the exercise of the put option and therefore initiated the procedure to sell 49% of
the capital stock in the company Prisma Medios de Pago S.A.</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt/9.6pt BBVA Benton Sans Book,serif; margin: 6pt 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$ 40,038,122. 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>


<!-- Field: Page; Sequence: 26 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

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

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #072146"><B>8. Loans and other
financing</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The Group holds loans and other financing
under a business model intended to collect contractual cash flows. Therefore, the Group measures loans and other financing at amortized
cost. Breakdown is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%"></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; width: 16%">
    <P STYLE="font: 9pt BBVA Benton Sans Book,serif; margin: 2.65pt 0 1.5pt; text-align: center; color: #072146"><B>06.30.25</B></P>
   </TD>
    <TD STYLE="width: 1%"></TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">Credit Cards</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">2,618,849,594</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">2,362,579,202</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">Loans for the prefinancing and financing of exports </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">1,732,511,231</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">1,155,367,704</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">Notes</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">1,420,119,096</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">1,264,004,243</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">Consumer loans</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">1,284,802,511</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">936,943,625</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">Overdrafts</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">1,179,110,391</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">740,078,803</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">Discounted instruments </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">750,457,101</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">840,509,071</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">Mortgage loans</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">428,808,404</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">269,490,359</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">Pledge loans</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">321,176,108</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">205,273,777</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">Other financial institutions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">147,158,573</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">69,328,704</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">Loans to employees</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">86,729,564</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">50,831,814</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">Receivables from finance leases</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">31,416,501</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">29,547,581</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">Non-financial government sector</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">3,706,568</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">1,110,368</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">Instruments purchased</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">637,468</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">1,059,750</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">Other financing</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">1,454,562,745</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">933,348,454</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>11,460,045,855</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>8,859,473,455</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">Allowance for loan losses (Exhibit R)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">(306,204,718)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: black">(182,822,660)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><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></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>11,153,841,137</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>8,676,650,795</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072346"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072346"><B>12.31.24</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 42%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072346"><B>Total investment</B></FONT></TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 9pt/9pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072346"><B>Current value of minimum payments</B></P>
    <P STYLE="font: 12pt/9pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072346"><B>Total investment</B></FONT></TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 9pt/9pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072346"><B>Current value of minimum payments</B></P>
    <P STYLE="font: 12pt/9pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">&nbsp;</P></TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072346"><B>Term</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&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>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Up to 1 year</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">18,326,975</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,006,722</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">17,328,598</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,882,700</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">From 1 to 2 years</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">17,977,669</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,405,607</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">16,683,277</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,617,610</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">From 2 to 3 years</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,039,337</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,122,223</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,110,266</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,554,649</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">From 3 to 4 years</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,088,005</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,542,774</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,574,093</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,046,477</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">From 4 to 5 years</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,370,148</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,915,765</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,061,082</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,556,066</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">More than 5 years</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">623,554</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">423,410</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,198,079</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">890,079</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>55,425,688</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>31,416,501</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>54,955,395</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>29,547,581</B></FONT></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>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Share capital</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">30,949,962</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">28,762,351</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest accrued</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">466,539</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">785,230</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072346"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072346"><B>31,416,501</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072346"><B>29,547,581</B></FONT></TD>
    </TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>Total Exhibits B and C</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>11,641,407,791</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>9,170,771,411</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>Plus:</B></FONT></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="padding-right: 2.65pt; padding-left: 12pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Loans to employees</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 4pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">86,729,564</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 4pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">50,831,814</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 12pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest and other items accrued receivable from financial assets with credit value impairment</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 4pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,082,014</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 4pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,300,663</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>Less:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 4pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 12pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Allowance for loan losses (Exhibit R)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 4pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(306,204,718)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 4pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(182,822,660)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 12pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Adjustments for effective interest rate</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 4pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(109,389,288)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 4pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(57,371,977)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 12pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Corporate bonds and other private securities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 4pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(27,443,013)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 4pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(44,111,085)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 12pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Loan commitments</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 4pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(138,341,213)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 4pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(263,947,371)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 4pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Total loans and other financing</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>11,153,841,137</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-left: 4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; padding-left: 4pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>8,676,650,795</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">Note 43.2 to these consolidated condensed interim financial statements contains
information on credit risk associated with loans and other financing and allowances measured using the expected credit loss model.<BR STYLE="clear: both">
</P>


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<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">As of June 30, 2025 and December 31,
2024, 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: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></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="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Liabilities related to foreign trade transactions </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">51,760,254</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">64,780,774</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Secured loans </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">49,092,055</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">69,754,789</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Overdrafts and receivables not used </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">33,756,363</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">125,445,329</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Guarantees granted</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,732,541</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,966,479</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>&nbsp;&nbsp;TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>138,341,213</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>263,947,371</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 43.1. Risk policies of financial
instruments to the consolidated financial statements as of December 31, 2024).</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #072146"><B>9. Other debt
securities</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>9.1. Financial
assets measured at amortized cost</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Argentine Treasury Bonds in pesos. Maturity 08-23-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">49,034,282</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">144,437,561</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Argentine Treasury Bonds in pesos. Maturity 05-23-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">16,019,595</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">27,668,789</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 9pt BBVA Benton Sans Book,serif; margin: 0">Argentine Treasury Bonds in pesos at 0.7% Badlar Private Rate. Maturity 11-23-
    2027</P>
    <P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,371,171</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,938,310</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>75,425,048</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>184,044,660</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 7.1pt 0 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 7.1pt 0 28.35pt">A breakdown of this information is provided in Exhibit
A.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>9.2. Financial
assets measured at fair value through OCI</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></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="vertical-align: bottom">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Government securities</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,322,710,447</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,603,519,879</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Private securities &#8211; Corporate bonds</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">26,424,739</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">43,224,278</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">BCRA Notes</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">42,699,642</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>2,349,135,186</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>2,689,443,799</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 7.1pt 0 28.35pt">A breakdown of this information is provided in Exhibit
A.</P>


<!-- Field: Page; Sequence: 29 -->
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    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

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

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B><U>Debt Swap &#8211;
August 2024</U></B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">In August 2024, the Bank launched a
new voluntary debt swap under Section 11, Presidential Decree No. 331/2022 issued by the Ministry of Economy. The securities delivered/received
under such swap were as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" STYLE="border: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Securities Delivered</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 81%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Species</B></FONT></TD>
    <TD STYLE="width: 19%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Nominal values</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Treasury Bonds in pesos adjusted by Cer 4.25%. Maturity February 14, 2025 (T2X5)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>4,730,000,000</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Treasury Bonds in pesos adjusted by Cer 4%. Maturity October 14, 2024 (T4X4)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>14,420,000,000</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" STYLE="border: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Securities Received</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 81%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Species</B></FONT></TD>
    <TD STYLE="width: 19%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Nominal values</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine Treasury Bills capitalizable in pesos. Maturity March 31, 2025 (LT S31M5)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>21,939,229,119</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine Treasury Bonds in pesos adjusted by CER. Maturity December 15, 2025 (TZXD5)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>56,422,237,648</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B><U>Debt Swap &#8211;
January 2025</U></B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">In January 2025, the Bank launched
a new voluntary debt swap under Section 2, Presidential Decree No. 846/2024 issued by the Ministry of Economy. The securities delivered/received
under such swap were as follows:</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" STYLE="border: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Securities Delivered</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 82%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Species</B></FONT></TD>
    <TD STYLE="width: 18%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Nominal values</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Treasury Bonds in pesos adjusted by Cer 4.25%. Maturity February 14, 2025 (T2X5)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>13,857,176,685</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine Treasury Bills capitalizable in pesos. Maturity May 30, 2025 (LT S30Y5)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>26,690,835,200</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine Treasury Bills capitalizable in pesos. Maturity July 18, 2025 (LT S18J5)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>50,000,000,000</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine Treasury Bills capitalizable in pesos. Maturity July 30, 2025 (LT S30J5)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>25,112,610,000</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine Treasury Bonds in pesos Zero Coupon adjusted by Cer. Maturity June 30, 2025 (TZX25)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>3,000,000,000</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine Treasury Bills capitalizable in pesos. Maturity August 29, 2025 (LT S29G5)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>25,000,000,000</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine Treasury Bills capitalizable in pesos. Maturity July 31, 2025 (LT S31L5)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>175,850,000,000</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine Treasury Bills capitalizable in pesos. Maturity September 12, 2025 (LT S12S5)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>25,000,000,000</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine Treasury Bills capitalizable in pesos. Maturity September 30, 2025 (LT S30S5)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>50,000,000,000</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine Treasury Bonds capitalizable in pesos. Maturity October 17, 2025 (T17O5)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>100,000,000,000</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine Treasury Bills capitalizable in pesos. Maturity May 16, 2025 (LT S16Y5)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>19,387,383,700</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" STYLE="border: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Securities Received</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 82%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 10.6pt; padding-left: 10.6pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Species</B></FONT></TD>
    <TD STYLE="width: 18%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Nominal values</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine Treasury Bills capitalizable in pesos. Maturity November 10, 2025 (LT S10N5)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>91,130,891,038</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine Treasury Bonds in pesos at dual rate. Maturity March 16, 2026 (TTM26)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>163,702,463,045</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine Treasury Bonds in pesos at dual rate. Maturity June 30, 2026 (TTJ26)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>163,702,463,045</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine Treasury Bonds in pesos at dual rate. Maturity September 15, 2026 (TTS26)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>163,702,463,045</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine Treasury Bonds in pesos at dual rate. Maturity December 15, 2026 (TTD26)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>163,702,463,038</B></FONT></TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 30 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B><U>Debt Swap &#8211;
February 2025</U></B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">In February 2025, the Bank launched
a new voluntary debt swap under Section 2, Presidential Decree No. 846/2024 issued by the Ministry of Economy. The securities delivered/received
under such swap were as follows:</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" STYLE="border: black 1pt solid; padding-right: 10.6pt; padding-left: 10.6pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Securities Delivered</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 82%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Species</B></FONT></TD>
    <TD STYLE="width: 18%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Nominal values</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine Treasury Bills capitalizable in pesos. Maturity March 31, 2025 (LT S31M5)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>42,927,187,195</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" STYLE="border: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Securities Received</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 82%; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Species</B></FONT></TD>
    <TD STYLE="width: 18%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Nominal values</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine Treasury Bills capitalizable in pesos. Maturity November 10, 2025 (LT S10N5)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>64,312,653,526</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 49.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0 0 0 49.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #072146"><B>10. Financial
assets pledged as collateral</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 58%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 18%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 17%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">BCRA - Special guarantee accounts (Note 47.1) </FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(1)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">152,442,820</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">243,742,657</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Deposits as collateral </FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(2)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">146,619,874</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">145,212,123</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Guarantee trust - USD - Government securities at fair value through OCI</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(3)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">52,809,893</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">34,996</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Guarantee trust - Government Securities at fair value through OCI</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(4)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,197,724</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">143,871,318</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&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></TR>
  <TR>
    <TD STYLE="text-align: center; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>355,070,311</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>532,861,094</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt/7.85pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.05pt"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">Special guarantee current accounts opened at the
BCRA for transactions related to the automated clearing houses and other similar entities.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt/7.85pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.05pt"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">Deposits pledged as collateral for activities related
to credit card transactions in the country and abroad and leases.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt/7.85pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.05pt"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">(3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">As of June 30, 2025, the trust is composed of dollars
in cash, Treasury Bills (Species D16E6), Bonds for the reconstruction of a Free Argentina (Species BPOB7, BPOD7 and BPOC7) and Private
Securities (Species YM35O, YMCYO and YMCZO). As of December 31, 2024, the trust was composed of dollars in cash.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt/7.85pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.05pt"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">(4)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">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 is composed of Treasury Bonds in pesos adjusted by Cer due 2026 (Species TZX26). As of December
31, 2024, the trust was composed of species T2X5, TX26 and TZXD5.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #072146"><B>11. Income tax</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">This tax should be booked using the
balance sheet 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 allocation to income or loss for the year in which its reversion occurs,
also considering the possibility of taking advantage of tax losses in the future.</P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>11.1. Current
income tax assets</B></P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Tax advances </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">85,411</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">52,297,726</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>85,411</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>52,297,726</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; color: #004481"><B>11.2. Current income tax liabilities</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 12pt 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Income tax provision</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">19,485,273</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">19,721,975</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Tax advances</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(1,876,705)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(2,962,196)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Collections and withholdings</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(637,184)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(906,328)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>16,971,384</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>15,853,451</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>11.3. Deferred
income tax</B></P>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt">The composition and evolution of deferred income tax assets
and liabilities is as follows:</P>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Account</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Changes recognized in</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>As of 12.31.24</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Profit or loss</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>OCI</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Deferred tax asset</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Deferred tax liability</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 39%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Allowance for loan losses</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">52,998,525</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">41,354,822</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">94,353,347</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Provisions</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">64,501,719</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,083,814</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">66,585,533</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Loans and cards commissions </FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">14,878,183</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,670,996</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">17,549,179</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Organizational expenses and others</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(51,249,570)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(12,194,184)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(63,443,754)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Property and equipment and miscellaneous assets</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(93,234,015)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">527,723</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(92,706,292)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Debt securities and investments in equity instruments</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(16,802,043)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">13,870,540</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(2,931,503)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Tax inflation adjustment</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">77,376</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(43,764)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">33,612</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Tax losses</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">58,006,890</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(42,728,106)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">15,278,784</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Other</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">59</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(7)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">52</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Balance</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>29,177,124</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>5,541,834</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>193,800,507</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(159,081,549)</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Offsettings</B></FONT></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>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(159,081,549)</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>159,081,549</B></FONT></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 STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Net Deferred Assets</B></FONT></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>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>34,718,958</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.15pt">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.15pt">&nbsp;</P>


<!-- Field: Page; Sequence: 32 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Account</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Changes recognized in</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>As of 12.31.24</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>As of 12.31.23</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Profit or loss</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>OCI</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Deferred tax asset</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Deferred tax liability</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Allowance for loan losses</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">34,487,693</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">18,510,832</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">52,998,525</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Provisions</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">89,240,302</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(24,738,583)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">64,501,719</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Loans and cards commissions </FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9,048,081</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">5,830,102</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">14,878,183</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Organizational expenses and others</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(42,479,137)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(8,770,433)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(51,249,570)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Property and equipment and miscellaneous assets</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(104,636,625)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">11,402,610</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(93,234,015)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Debt securities and investments in equity instruments</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(43,567,910)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">25,014,183</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,751,684</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(16,802,043)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Tax inflation adjustment</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,195,644</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(3,118,268)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">77,376</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Tax losses</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,154,696</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">54,852,194</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">58,006,890</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Other</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">129</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(70)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">59</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Balance</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(51,557,127)</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>78,982,567</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,751,684</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>190,462,752</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(161,285,628)</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Offsettings</B></FONT></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>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(161,285,628)</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>161,285,628</B></FONT></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 STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Net Deferred Assets</B></FONT></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>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>29,177,124</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>11.4. Income tax</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 0 28.35pt; text-align: justify; color: #004481"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Below are the main components of the
income tax expense:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 41%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Current income tax expense</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(14,486,805)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(89,040,299)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,370,976</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">13,781,239</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Income/(loss) from deferred income tax</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(15,755,630)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,541,834</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(102,641,567)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(144,585,593)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Income tax recognized through profit or loss</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>(30,242,435)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>(83,498,465)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>(91,270,591)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>(130,804,354)</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Income tax recognized through OCI</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>5,058,842</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>68,696,391</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>87,377,749</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>231,207,822</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Total income tax</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>(25,183,593)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>(14,802,074)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>(3,892,842)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>100,403,468</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 49.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The Group's effective tax rate calculated
on the income tax recognized in the income statement for the fiscal period ended June 30, 2025 and 2024 was 36% and 38%, respectively.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The income tax, pursuant to IAS 34,
is recognized in interim periods over the best estimate of the weighted tax rate that the Entity expects for the fiscal year.</P>


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

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #004481"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; color: #004481"><B>11.5. Inflation adjustment for tax
purposes</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #004481"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Law No. 27,430 of Tax Reform, as amended
by Laws 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.5pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">i.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 70.85pt; text-align: justify; text-indent: -7.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.5pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">ii.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 70.85pt; text-align: justify; text-indent: -7.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.5pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">iii.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; 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 period and the remaining two thirds, in equal parts, in the two immediately
following tax periods;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 70.85pt; text-align: justify; text-indent: -7.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.5pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">iv.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; 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 periods; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 70.85pt; text-align: justify; text-indent: -7.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.5pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">v.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">As of June 30, 2025, 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>11.6. Income tax
corporate rate:</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 current income tax using the tax rate 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: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>11.7. Other tax
matters</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>-Request for refund.
Fiscal year 2019</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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&#8217;s Office No. 24).</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt">On February 7, 2025, a favorable judgment was rendered in favor
of the Entity, upholding the claim and admitting the refund of the amounts paid in excess. This judgment was appealed.</P>

<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Pursuant to the financial reporting
framework set forth by the BCRA, the Entity does not record assets in relation to requests for refund filed.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>-Inflation adjustment
for tax purposes. Fiscal year 2020</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">On May 26, 2021, and based on related
case law, the Entity&#8217;s Board of Directors approved the filing of an action against AFIP 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 (130,309,408 in restated values), with the ensuing impact on deferred tax assets by 5,033,000 (decrease) (115,501,093
in restated values) and on the income tax expense of 784,000 (14,808,326 in restated values).</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">On August 15, 2023, a trial court decision
sustaining the claim filed by the Bank was issued. On August 22, 2023, the Bank filed an appeal against the imposition of legal costs,
requiring that they be imposed on the losing party. On August 23, 2023, AFIP appealed the merits of the case, requiring the revocation
of the judgment.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">On July 1, 2024, the Court rejected
the AFIP&#8217;s claims on the merits and resolved to impose court costs on AFIP in both instances. AFIP filed an extraordinary appeal
against the favorable judgment for the Bank, which was also rejected.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">On April 16, 2025, the Court decided
to deny the extraordinary appeal filed by AFIP. Consequently, on April 25, 2025, AFIP filed an appeal with the Argentine Supreme Court
of Justice.</P>

<P STYLE="font: 12pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: teal">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>-Request for refund.
Fiscal year 2021</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">On June 6, 2023, a prompt resolution
was requested. In view of the AFIP's silence, on September 20, 2023, a claim was filed before the Federal Court on Contentious Administrative
Matters No. 1, Clerks&#8217; Office No. 1.<BR STYLE="clear: both">
</P>


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<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>-Inflation adjustment
for tax purposes. Fiscal year 2022</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">On June 2, 2023, the Bank filed an
unconstitutionality action against the AFIP to obtain a ruling declaring the unconstitutionality of section 93 of Income Tax Law (as revised
in 2019) or other regulations preventing the comprehensive application of the tax adjustment for inflation, as it leads to a confiscatory
income tax assessment for 2022 and, consequently, allows for the comprehensive adoption of the cost and amortization adjustment method
provided for by sections 62 through 66, 71, 87 and 88 of Income Tax Law. The action is pending before the Federal Court on Contentious
Administrative Matters No. 9.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The file is currently in the discovery
stage.</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>-Request for refund.
Fiscal year 2023</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">On September 13, 2024, the Bank filed
an administrative claim with the AFIP requesting that the amending tax return filed on May 13, 2024, in connection with income tax for
the 2023 tax year amounting to 2,491,499 (in nominal terms) be recognized. The claim was grounded on the fact that the partial application
of the adjustment for inflation mechanisms under section 93, Income Tax Law, is unconstitutional because it affects the fairness, equality,
tax-paying capacity and confiscation principles.</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>-Requests for
refund. Fiscal years 2014 and 2015</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 24.4pt; text-align: justify">Regarding fiscal years 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 647,945 and 555,002, respectively, in nominal values, based on grounds similar to those stated in the first paragraph &#8220;Inflation
Adjustment for Tax Purposes. Fiscal Years 2019 and 2020&#8221;.</P>

<P STYLE="font: 12pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 24.5pt; text-align: justify">In the judicial case of the repetition
corresponding to the fiscal period 2014, on July 12, 2023, the Entity was notified of the judgment issued by the Supreme Court of Justice,
by which the extraordinary appeal and the complaint filed by the Treasury were rejected. In this way, the favorable judgments of the previous
instances that recognized the Bank the repetition of 647,946 (in nominal values) for said period plus interest until effective payment
become final.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 24.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 24.5pt; text-align: justify">Then, on November 19, 2024, the Court
approved the liquidation of 647,945 (in nominal values) plus 2,226,229 (in nominal values) corresponding to accrued interest from the
filing of the request for repetition until September 23, 2024 (in nominal values) calculated according to the average monthly passive
rate published by the BCRA and as of July 17, 2019, the effective monthly rate published by the AFIP applies, in compliance with Resolution
MH 598/19, 559/2022 and 3/2024. Without prejudice to the interest that will continue to accrue until the payment date.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 24.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 24.5pt; text-align: justify">As a result of the abovementioned favorable
decisions by the Argentine Supreme Court of Justice and the collection of one of such cases, the Bank booked a receivable of 3,016,501
restated as of June 30, 2025.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 24.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 24.5pt; 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/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 24.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 24.5pt; 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: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 24.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 24.5pt; text-align: justify">On October 25, 2023, the Appellate
Court rendered favorable judgment in the case relating to the request for refund of the Income Tax due to the application of the tax
inflation adjustment in 2015, confirming the first instance judgment.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 24.5pt; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 24.5pt; text-align: justify">On July 10, 2025, the Court decided
to dismiss the extraordinary appeal filed by AFIP and upheld the Bank&#8217;s appeal as regards the rate applicable to the claim and the
refund procedure.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 24.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 24.5pt; text-align: justify">The AFIP and the Entity filed extraordinary
appeals.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 24.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 24.5pt; text-align: justify">On October 25, 2024, through Presidential
Decree No. 953/2024, the Federal Executive established that the AFIP be dissolved and the ARCA (Revenue and Customs Control Agency) be
created.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #072146"><B>12. Investments
in equity instruments</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>12.1. Investments
in equity instruments through profit or loss</B></P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 9pt/9pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">Private securities - Shares of other non-controlled
    companies</P>
    <P STYLE="font: 12pt/9pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,387,924</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,386,294</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>6,387,924</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>9,386,294</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 7.1pt 0 28.35pt">A breakdown of this information is provided in Exhibit
A.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>12.2. Investments
in equity instruments through other comprehensive income</B></P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Compensadora Electr&oacute;nica S.A.</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,100,954</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,804,901</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">A3 Mercados S.A. (former Mercado Abierto Electr&oacute;nico S.A.)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,501,911</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,164,532</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Banco Latinoamericano de Exportaciones S.A.</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">973,091</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">847,082</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Seguro de Dep&oacute;sitos S.A.</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">308,770</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">308,770</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">55,864</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">57,030</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>8,940,590</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>5,182,315</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>13. Investments
in associates</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Rombo Compa&ntilde;&iacute;a Financiera S.A.&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">15,906,088</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,921,771</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">BBVA Seguros Argentina S.A.</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,437,287</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,536,166</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interbanking S.A.</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,101,631</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,885,340</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Openpay Argentina S.A. (2)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">877,983</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">848,976</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Play Digital S.A. (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">497,880</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,221,457</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>31,820,869</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>27,413,710</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0 0 0 49.6pt; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 37 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><SUP>(1)</SUP></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">To establish the value of this
investment, accounting information from Play Digital S.A. has been used as of March 31, 2025. Additionally, significant transactions carried
out or events that occurred between April 1 and June 30, 2025 have been considered. In addition, on August 23, 2024, a capital contribution
was made for 427,401 (549,851 in restated values). </FONT></TD></TR></TABLE>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0 0 0 49.6pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><SUP>(2)</SUP></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">On July 4, 2024, a capital contribution
was made, amounting to 250,377 (335,549 in restated values), which was paid in in cash.</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify"><SUP>&nbsp;</SUP></P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #072146"><B>14. Property and
equipment</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Real estate </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">501,168,038</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">502,309,599</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Furniture and facilities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">90,916,658</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">95,198,676</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Right of use &#8211; Real Estate (1) </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">68,472,019</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">65,638,853</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Machinery and equipment</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">45,657,702</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">55,758,549</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Works in progress</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">39,335,035</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">22,861,364</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Vehicles </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,782,191</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,387,964</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>748,331,643</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>744,155,005</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/12pt Lucida Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">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
condensed interim financial statements.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">As mentioned in note 2.3.12 to the
consolidated financial statements for the fiscal year ended December 31, 2024, which have already been issued, the recoverable value of
Property and equipment exceeded its accounting balance.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #072146"><B>15. Intangible
assets</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></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="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Own systems development expenses</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">88,503,682</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">79,680,271</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>88,503,682</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>79,680,271</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #072146"><B>16. Other non-financial
assets</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->37<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></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="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Investment properties</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">151,950,973</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">153,381,752</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Prepayments</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">35,592,880</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">32,375,599</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Tax advances</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">25,310,856</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">17,463,336</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Advances to suppliers of goods</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">21,726,967</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">19,953,675</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other miscellaneous assets</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">17,482,349</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">15,675,565</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Advances to personnel </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">267,178</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,633,893</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Foreclosed assets</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">185,870</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">187,337</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,733,994</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,208,129</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>264,251,067</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>254,879,286</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 &#8220;Other operating income&#8221; on a straight-line
basis during the term of the lease.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">As mentioned in note 2.3.12 to the
consolidated financial statements for the fiscal year ended December 31, 2024, which have been already issued, the recoverable value of
Investment properties does not exceed its accounting balance considering the impairment recorded as of such date in the properties detailed
below:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"><B>Account</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 2.15pt; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"><B>Impairment</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 60%; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 19%; border-bottom: black 1pt solid; padding-top: 1.15pt; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 19%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1.15pt; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Rented Real Estate &#8211; Torre BBVA</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(19,202,583)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(19,202,583)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Rented Real Estate &#8211; Della Paolera</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(12,520,149)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(12,520,149)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Rented Real Estate &#8211; Edificio Tesla</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(9,905,056)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(9,905,056)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Rented Real Estate - Viamonte</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(1,712,163)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(1,712,163)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>(43,339,951)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>(43,339,951)</B></FONT></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>
  </TABLE>
<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #072146"><B>17. Non-current
assets held for sale</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">It includes pieces of real estate located
in the Argentine Republic, which the Bank&#8217;s Board of Directors agreed to sell in the short term.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 62%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 18%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 18%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Real Estate held for sale &#8211; Villa del Parque</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,737,853</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,737,853</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Real Estate held for sale &#8211; Llavallol</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">955,248</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">955,248</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Real Estate held for sale &#8211; Avellaneda</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">396,904</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">396,904</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Real Estate held for sale- Villa Lynch</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">314,052</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">314,052</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Real Estate held for sale- Bernal</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">231,848</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">231,848</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Real Estate held for sale- Fisherton (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">679,809</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>3,635,905</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>4,315,714</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt"><SUP>(1)</SUP> On January 13, 2025, the real estate held
for sale &#8211; Fisherton was sold.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">As mentioned in note 2.3.12 to the
consolidated financial statements for the fiscal year ended December 31, 2024, which have already been issued, the recoverable value of
non-current assets held for sale does not exceed its accounting balance considering the impairment recorded as of such date detailed below:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"><B>Account</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"><B>Impairment</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 64%; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 17%; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 17%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Real Estate held for sale- Fisherton</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(1,140,248)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>(1,140,248)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; color: #072146"><B>18. Deposits</B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt">&nbsp;</P>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt">The information on concentration of deposits is disclosed
in Exhibit H. Breakdown is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Non-financial Government sector</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">126,092,240</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">138,823,337</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Financial Sector</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,892,636</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,980,448</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Non-financial Private Sector and Residents Abroad</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,890,631,169</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,284,934,129</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 48pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Savings accounts</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,432,680,439</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,258,333,845</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 48pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Time deposits</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,845,072,795</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,563,726,242</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 48pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Checking accounts</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,226,422,877</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,050,215,274</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 48pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Investment accounts</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">330,128,284</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">349,611,053</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 48pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">56,326,774</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">63,047,715</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>13,026,616,045</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>11,428,737,914</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 0 28.35pt; text-align: justify; color: #072146"><B>19. Liabilities
at fair value through profit or loss</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 0 28.35pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 28.35pt">Breakdown is as follows:</P>


<!-- Field: Page; Sequence: 40 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->39<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Liabilities for transactions with government securities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">422,633</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>422,633</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>-</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>20. Other financial
liabilities</B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Obligations from financing of purchases</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,119,342,401</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,044,425,296</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Funds collected under ARCA&#8217;s instructions </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">153,605,730</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">22,014,887</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Receivables for spot purchases pending settlement </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">127,237,351</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,292,057</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Collections and other transactions on behalf of third parties </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">103,805,913</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">119,351,248</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Payment orders pending credit </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">40,417,646</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">33,902,150</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Lease liabilities (Note 25)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">37,620,769</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">37,289,941</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Commissions accrued payable </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">190,993</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">196,623</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Cash and cash equivalents for spot purchases or sales pending settlement </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">34,945,529</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">77,003,664</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">73,378,845</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>1,659,224,467</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>1,375,796,576</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>21. Financing received
from the BCRA and other financial institutions</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 21.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></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="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Local financial institutions</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">300,628,214</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">180,610,653</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Foreign financial institutions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">66,507,397</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">50,385,809</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">BCRA</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">388,623</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">268,080</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>367,524,234</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>231,264,542</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 41 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->40<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>22. Corporate bonds issued</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">As of June 30, 2025 and December 31,
2024, the balances related to corporate bonds of the Bank and its subsidiaries were as follows:</P>

<P STYLE="font: 9pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Detail</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Issuance date</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Nominal value</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Maturity</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 21%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Rate</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Payment of interest</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Outstanding securities as of 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Outstanding securities as of 12.31.24</B></FONT></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>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 7pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">Class 30 BBVA-</P>
    <P STYLE="font: 7pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">ARS</P></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">12.12.2024</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">24,150,965</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">09.12.2025</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">FIXED TEM 2.75 %</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Upon maturity</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">24,150,965</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">17,366,068</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 7pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">Class 31 BBVA-</P>
    <P STYLE="font: 7pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">ARS</P></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">12.12.2024</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">37,706,733</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">12.12.2025</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">TAMAR + 2.74 %</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Quarterly</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">37,706,733</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">43,399,224</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 7pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">Class 32 BBVA -</P>
    <P STYLE="font: 7pt/7pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">US$</P></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">02.27.2025</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">19,714,315</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">02 27.2026</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">FIXED 3.5 %</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Upon maturity</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">19,714,315</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Class 33 BBVA - US$</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">02.27.2025</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">24,413,963</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">08.27.2025</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">FIXED 4 %</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Upon maturity</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">24,413,963</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Class 34 BBVA - ARS</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">02.27.2025</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">57,002,870</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">02.27.2026</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">TAMAR + 2.75 %</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Quarterly</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">57,002,870</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 7pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">Class 35 BBVA-</P>
    <P STYLE="font: 7pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">US$</P></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">06.03.2025</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">74,406,560</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">06.03.2026</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">FIXED 5.75%</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Semi-annual</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">74,406,560</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 7pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">Class 36 BBVA-</P>
    <P STYLE="font: 7pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">ARS</P></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">06.10.2025</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">113,034,489</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">06.10.2026</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">TAMAR + 3.20%</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Quarterly</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">113,034,489</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 7pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">Class 29 BBVA-</P>
    <P STYLE="font: 7pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">ARS</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">09.23.2024</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">24,500,000</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">06.23.2025</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">BADLAR + 5 %</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Quarterly</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">28,198,704</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Class 11 Volkswagen Financial Services - ARS</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">10.22.2024</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">15,974,963</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">10.22.2025</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">BADLAR + 5.75 %</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Quarterly</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">15,974,963</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">18,386,663</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Corporate bond Series 29 PSA - ARS</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">12.23.2024</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">11,655,556</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">09.23.2025</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">FIXED TNA 36.72 %</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Upon maturity</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">11,655,556</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">13,415,166</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Corporate bond Series 30 PSA - ARS</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">12.23.2024</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">8,344,444</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">06.23.2026</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">TAMAR + 3.25 %</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Quarterly</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">8,344,444</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">9,604,184</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Corporate bond Series 31 PSA - ARS</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">02.28.2025</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">3,932,547</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">03.01.2027</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">FIXED UVA 8 %</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Quarterly</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">3,932,547</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Corporate bond Series 32 PSA - ARS</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">02.28.2025</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">19,813,161</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">03 02.2026</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">TAMAR + 3.2 %</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Quarterly</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">19,813,161</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Corporate bond Series 33 PSA - ARS</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">02.28.2025</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">6,650,000</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">08.28.2025</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">FIXED 3 %</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Upon maturity</FONT></TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">6,650,000</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <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>
    <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>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Total Consolidated Principal</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>416,800,566</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>130,370,009</B></FONT></TD></TR>
  <TR>
    <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>
    <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>
    <TD COLSPAN="3" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Consolidated Accrued Interest and adjustments payable</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>15,391,231</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>3,025,501</B></FONT></TD></TR>
  <TR>
    <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>
    <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>
    <TD COLSPAN="3" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Total Consolidated Principal and Interest and adjustments accrued</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>432,191,797</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>133,395,510</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><U>Definitions</U></P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt/9.6pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">BADLAR RATE: Interest rate for deposits
over 1 (one) million pesos, for a term of 30 to 35 days.</P>

<P STYLE="font: 8pt/9.6pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">TAMAR RATE: Interest rate for deposits
over 1 (one) billion, for a term of 30 to 35 days.</P>

<P STYLE="font: 8pt/9.6pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">TEM: Monthly effective rate.</P>

<P STYLE="font: 8pt/9.6pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">TNA: Annual nominal rate</P>

<P STYLE="font: 8pt/9.6pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">UVA: Acquisition value unit. The unit
includes the update of the Benchmark Stabilization Coefficient (CER).</P>


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    <!-- Field: /Page -->

<P STYLE="font: 12pt/9.6pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">Below is a detail of current Corporate Bonds Global Program:</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 9%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Company</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; text-indent: 7.1pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Authorized amount</B></FONT></TD>
    <TD STYLE="width: 16%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Type of Corporate Bond</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Term</B></FONT></TD>
    <TD STYLE="width: 19%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Shareholders&#8217; Meeting/Board of Directors&#8217; Approval Date</B></FONT></TD>
    <TD STYLE="width: 37%; border: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>CNV Approval</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Banco BBVA Argentina S.A.</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">US$ 1,000,000 thousand or its equivalent</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Non-subordinated, simple corporate bonds not convertible into shares, secured, if permitted by current regulations, with floating and/or special guarantees, and/or subordinated, convertible or not into shares, secured.</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">5 years</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Approval by Shareholders&#8217; Meetings dated July 15, 2003, April 26, 2007, March 28, 2008, March 30, 2011, March 26, 2012, April 9, 2013, and April 10, 2018. Approval by Board of Directors&#8217; Meetings dated August 31, 2004, December 7, 2004, September 24, 2008, September 23, 2009, December 22, 2009, June 24, 2022, December 20, 2022, May 22, 2024 and March 26, 2025</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Resolution No. 14,967 dated November 29, 2004, and extended through Resolution No. 16,010 dated November 6, 2008. The increase in the program's total outstanding amount was authorized through Resolution No. 16,611 dated July 21, 2011, and through Resolution No. 16,826 dated May 30, 2012. In addition, a new program term extension was authorized through Resolution No, 17,127 dated July 11, 2013, and the amendment of its general terms and conditions, the extension of its term and the increase in its maximum amount were authorized through Resolution No. RESFC-2018-19516-APN-DIR#CNV dated May 17, 2018. The extension of the program term, the reduction of the amount and the amendment of certain terms and conditions were authorized by CNV Resolution No. DI-2022-36-APN-GE#CNV dated July 13, 2022. Finally, the increase of the Program amount was authorized by CNV Resolution No. DDI-2025-80-APN-GE#CNV dated May 15, 2025.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Volkswagen Financial Services C&iacute;a. Financiera S.A.</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">US$ 250,000 thousand or its equivalent</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Simple, not convertible into shares</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">5 years</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">04.28.25</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 8pt/7pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">The creation of the program and the extension thereof
    were authorized by Resolution No. RESFC-2018-19549-APN-DIR#CNV dated June 14, 2018, and DI2023-38-APN-GE#CNV dated August 18, 2023, respectively,
    issued by the Board of Directors of the CNV.</P>
    <P STYLE="font: 12pt/7pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">PSA Finance Argentina Compa&ntilde;&iacute;a Financiera S.A. </FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Thousands of US$ 150,000 or its equivalent</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Simple, non-convertible into shares</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">5 years</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">06.26.25</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">On April 26, 2018, the ordinary and extraordinary general shareholders&#8217; meeting of PSA Finance Argentina Compa&ntilde;&iacute;a Financiera S.A. decided on the updating and amendment of the Program terms and conditions to place corporate bonds stated in monetary units adjustable by indices, which was authorized by the CNV through Resolution No. RESFC-2018-19523- APN-DIR#CNV dated May 17, 2018. The extension of the Program for a term of 5 (five) years and the amendment to its terms and conditions were approved by the ordinary and extraordinary shareholders&#8217; meeting held on April 20, 2023. The amendments to the Program terms and conditions were approved by the Board of Governors&#8217; Meeting dated September 26, 2023.&nbsp;&nbsp;The updating of the Prospectus and its preliminary version were approved through the resolution by the sub-delegate on November 3, 2023. On June 26, 2025, the expansion of the Global Program for the issuance of corporate bonds for a maximum outstanding nominal value of up to USD 150,000,000 or its equivalent in other currencies or units of value or measurement was approved. On August 8, 2025, the update and amendment of the Global Program for the issuance and reissuance of simple corporate bonds was issued and approved by the CNV on August 11, 2025.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/9.6pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; color: #072146"><B>23. Provisions</B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Provision for contingent commitments (Exhibits J and R)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">33,958,447</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">26,218,872</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Provisions for termination plans (Exhibit J)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,663,129</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,014,612</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">For administrative, disciplinary and criminal penalties (Note 52 and Exhibit J)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,000</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,755</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other contingencies</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">25,301,403</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">25,969,353</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 24pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Provision for commercial claims</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">17,564,944</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">18,758,480</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 24pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Provision for tax claims</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,277,967</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,367,008</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 24pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Provision for labor lawsuits</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,965,160</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,357,948</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 24pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,493,332</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,485,917</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>61,927,979</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>54,208,592</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">It includes the estimated amounts to
pay highly likely liabilities which, in case of occurrence, would generate a loss for the Entity.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><U>Contingent commitments:</U>
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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 56.7pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><U>Termination benefit plans:</U>
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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 56.7pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><U>Administrative, disciplinary
and criminal penalties:</U> 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><U>Other:</U> it reflects the
estimated amounts to pay tax, labor and commercial claims and miscellaneous complaints.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">In the opinion of the Group&#8217;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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Contingent liabilities have not
been recognized in these consolidated condensed interim financial statements and are related to 168 claims brought against the Bank,
including civil and commercial claims, all of which have arisen in the ordinary course of business. The estimated amount of such
claims is 74,401, out of which a potential or possible cash disbursement of approximately 52,020 is expected for the next 6 months.
These claims are primarily related to lease-purchase agreements and petitions to secure evidence. The Group's Management and legal
advisors consider that the probability that these cases involve
cash disbursements is possible but not probable and that the potential cash disbursements are not material.</P>


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<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>24. Other non-financial
liabilities</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Miscellaneous creditors</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">340,992,731</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">300,314,484</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Short-term personnel benefits</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">121,634,527</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">126,184,375</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other collections and withholdings</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">105,669,072</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">106,572,693</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other taxes payable</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">67,412,333</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">50,749,837</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Advances collected</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">65,994,760</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">80,579,673</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Dividends payable (Note 44)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">30,977,476</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Long-term personnel benefits</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,536,608</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,297,538</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">For contract liabilities (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,400,065</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,705,970</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Social security payment orders pending settlement </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,973,379</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,113,659</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Termination benefits payable </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,926,267</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,836,079</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,244,859</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>749,427,030</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>687,689,355</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt/120% BBVA Benton Sans Book,serif; margin: 0">(1) It represents a performance obligation that must be complied with
within a period of time.</P>

<P STYLE="font: 8pt/120% BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>25. Leases</B></P>

<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><U>The Group as lessee</U></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 June 30, 2025:</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>Rights of use under
leases</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Original</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Impairment</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Residual</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>value as of</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Accumulated</B></FONT></TD>
    <TD STYLE="width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>For the</B></FONT></TD>
    <TD STYLE="width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Accumulated at </B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>value as of</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Account</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>01.01.25</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Additions</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Derecognitions</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>as of 01.01.25</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Derecognitions</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>period (1)</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>period-end</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30. 25</B></FONT></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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Leased real estate</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">122,816,063</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">5,861,690</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">1,980,598</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">57,177,210</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">1,418,829</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">2,466,755</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">58,225,136</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">68,472,019</FONT></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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(1) See note 38</FONT></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>
    <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>
    <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>
    <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>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>


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    <!-- Field: /Page -->

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Original</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Impairment</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Residual </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>value as of</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Accumulated</B></FONT></TD>
    <TD STYLE="width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>For the</B></FONT></TD>
    <TD STYLE="width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Accumulated at of </B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>value as of</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Account</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>01.01.24</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Additions</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Derecognitions</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>as of 01.01.24</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Derecognitions</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>period</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>year end</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>12.31.24</B></FONT></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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Leased real estate</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">123,092,063</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">16,146,234</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">16,422,234</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">62,085,622</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">9,585,118</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">4,676,706</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">57,177,210</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">65,638,853</FONT></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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>Lease liabilities</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Future minimum payments for lease agreements
are as follows:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 32%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>In foreign currency</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>In local currency</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"><B>12.31.24</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Up to one year</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,902,081</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">494,909</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,396,990</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,296,955</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">From 1 to 5 years</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">18,742,344</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,115,947</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">23,858,291</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">25,240,597</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">More than 5 years</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,365,488</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,365,488</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,752,389</FONT></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 STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <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>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>37,620,769</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>37,289,941</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 21.25pt; color: #072146"><B>Interest and exchange rate difference
recognized in profit or loss </B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 66%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Other operating expenses</B></FONT></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="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest on lease liabilities (Note 39)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(2,084,103)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(2,368,513)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Exchange rate difference</B></FONT></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>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Exchange rate difference for finance lease (loss)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(4,412,199)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(4,913,780)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>26. Share capital</B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt">Breakdown is as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><U>Share capital</U></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="4" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Shares</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Share capital</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 15%; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Class</B></FONT></TD>
    <TD STYLE="width: 22%; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quantity</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Par value per share</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Votes per share</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="width: 17%; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Outstanding shares</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 4%; border-top: black 2.25pt solid; border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="width: 16%; border-top: black 2.25pt solid; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Paid-in (1)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Common</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">612,710,079</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">612,710</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">612,710</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/9.6pt Times New Roman, Times, Serif; margin: 12pt 0 0 42.5pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(1)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Registered with the Public Registry of Commerce.</FONT></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 6.5pt; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 42.55pt; text-align: justify">Banco BBVA Argentina S.A. is a corporation
(sociedad an&oacute;nima) 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. 25.738, 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 Bank.<BR STYLE="clear: both">
</P>


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<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 11pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><U>Share premium</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 12pt 42.55pt; text-align: justify">The additional paid-in capital account
represents the difference between the nominal value of the shares issued and the subscription price.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 11pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><U>Equity adjustments</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 12pt 42.55pt; text-align: justify">Includes the cumulative monetary
inflation adjustment to share capital and additional paid-in capital.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 11pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><U>Other comprehensive income/(loss)
(OCI)</U></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.5pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt; line-height: 120%"><U>Income/(loss)
from financial assets measured at fair value through OCI</U>: It comprises the accumulated net change in the fair value of financial assets
measured at fair value through OCI, net of the related income tax.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.5pt"></TD><TD STYLE="width: 21.25pt">&#8211;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><U>Other:</U> This item represents
the Bank&#8217;s participation in its associates&#8217; and joint ventures&#8217; OCI.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 11pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><U>Legal reserve</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 12pt 42.55pt; text-align: justify">B.C.R.A. regulations establish
that 20% of net income determined in accordance with B.C.R.A. Generally Accepted Accounting Principles must be allocated to the legal
reserve. (see note 44 a)).</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 11pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><U>Other reserves</U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 12pt 42.55pt; text-align: justify">Set up to comply with the CNV requirement
whereby all the retained earnings assessed under BCRA regulations must be allocated by the stockholders' meeting to cash dividends, stock
dividends, the constitution of reserves other than the legal reserve, or a combination thereof. This item is composed of the following:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.5pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><U>Optional reserve</U>: it includes
all the other reserves set up by the express will of the Entity.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.5pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><U>Reserve for first-time application
of IFRS</U>: originated in the valuation differences of assets and liabilities in accordance with international financial reporting standards
at the time of initial adoption.</FONT></TD></TR></TABLE>


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<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 42.55pt">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>27. Interest income</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 49.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from commercial papers</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">182,615,787</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">358,913,500</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">142,538,416</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">372,045,193</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from consumer loans</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">171,556,014</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">317,605,094</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">73,105,465</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">139,137,578</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from credit card loans</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">164,638,791</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">316,804,116</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">130,218,345</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">280,934,496</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from government securities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">112,695,016</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">292,018,148</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">194,356,023</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">287,266,988</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from other loans</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">108,342,576</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">193,846,301</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">54,967,542</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">144,021,299</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">CER clause adjustment</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">102,480,190</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">186,225,023</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">354,233,039</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">819,897,606</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from overdrafts</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">87,620,483</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">151,062,907</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">88,679,339</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">204,157,448</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">UVA clause adjustment</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">44,919,792</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">74,463,354</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">78,238,583</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">189,476,969</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from pledge loans</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">27,039,709</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">52,066,418</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">13,924,115</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">29,603,614</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from loans for the prefinancing and financing of exports</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">20,497,905</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">32,608,878</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,433,598</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,547,511</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest on loans to the financial sector</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,949,341</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">17,891,893</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,807,130</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,146,090</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from mortgage loans</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,915,185</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,443,495</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,738,935</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,441,456</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from finance leases</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,416,361</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,892,027</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,714,361</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,232,524</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from private securities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">666,758</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,427,769</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,272,041</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,600,534</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Premium for reverse repurchase agreements</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,283</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,283</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">205,721,125</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">961,825,641</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other interest</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,211,026</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,571,280</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,042,997</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,830,024</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="border-bottom: black 1pt solid; 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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>1,050,574,217</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>2,023,849,486</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>1,356,991,054</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>3,467,164,971</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 42.5pt">&nbsp;</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 42.5pt">&nbsp;</P>


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<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>28. Interest expense</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 49.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 44%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Interest from time deposits</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">337,305,188</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">634,407,260</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">265,471,417</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">644,846,193</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Interest from current accounts deposits</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">64,923,006</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">120,772,324</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">67,793,434</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">398,207,668</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from other financial liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">26,834,646</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">46,211,339</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">15,508,876</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">21,224,083</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interfinancial loans received</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">21,020,635</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">39,059,921</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,458,911</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">17,407,692</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">UVA clause adjustment</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,719,568</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,381,914</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">52,008,376</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">121,818,632</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from savings accounts deposits</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,209,590</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,114,490</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,655,982</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">15,348,515</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Borrowing surety bond transactions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,749,229</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,600,745</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Premium for repurchase agreements</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,613,202</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">41,296</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">41,296</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>458,761,862</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>858,161,195</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>410,938,292</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>1,218,894,079</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>29. Commission income</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 44%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 2.65pt; padding-left: 2.65pt">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">For credit cards</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">87,025,992</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">185,416,547</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">85,886,529</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">162,793,660</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Linked to liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">52,407,079</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">103,436,311</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">42,662,363</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">80,889,139</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Linked to loans</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">19,977,392</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">40,582,044</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">17,753,957</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">33,648,389</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">From insurance</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,812,709</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">13,678,709</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,651,306</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,106,353</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">From foreign trade and foreign currency transactions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,264,837</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,683,643</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,254,563</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">15,709,525</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Linked to securities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,903,030</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,586,289</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,587,801</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,030,662</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Linked to loan commitments</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">104,712</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,522,936</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">226,095</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">310,987</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">From guarantees granted</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">24,324</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">99,882</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">120,829</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">226,257</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>176,520,075</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>368,006,361</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>164,143,443</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>314,714,972</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

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

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>30. Commission expenses</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">For credit and debit cards</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">51,526,475</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">103,253,703</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">47,671,698</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">79,207,666</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">For foreign trade transactions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">17,258,480</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">32,195,092</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">19,562,113</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">38,605,710</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">For new channels</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,560,979</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,576,250</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,758,881</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,966,084</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">For payment of wages</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,237,637</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,321,806</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,794,058</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,036,442</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">For data processing</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,552,400</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,319,945</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,662,966</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,678,153</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">For advertising campaigns</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">145,597</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">666,440</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">75,315</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">382,384</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Linked to transactions with securities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">145,652</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">193,944</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">37,032</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">86,382</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other commission expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">40,217</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,634,535</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">603,032</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,288,163</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>82,467,437</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>168,161,715</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>82,165,095</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>149,250,984</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>31. Net income (loss)
from measurement of financial instruments at fair value through profit or loss</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 49.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Gain from government securities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">40,332,282</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">72,762,078</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">44,407,022</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">102,106,311</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Gain from private securities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,810,302</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,826,092</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,398,397</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,826,767</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Gain /(loss) from foreign currency forward transactions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,699,362</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,782,880</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(3,528,361)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(14,735,214)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest rate swaps</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,199,139</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">806,871</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">537,913</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">537,913</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Gain from corporate bonds</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,954</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,288</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,017,217</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,175,601</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Loss from put options taken</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(615,831)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(1,625,443)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Others</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(403)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(403)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,310</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>47,050,636</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>81,187,806</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>43,216,357</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>89,289,245</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 42.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 6.55pt; text-align: justify; text-indent: 3.8pt">&nbsp;</P>


<!-- Field: Page; Sequence: 50 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->49<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>32. Net income from
write-down of assets at amortized cost and at fair value through OCI</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 49.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.9pt; padding-left: 1.9pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Income from sale of government securities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(336,417)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">82,734,310</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">13,521,058</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">117,630,943</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Income from sale of private securities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">42,516</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,932,935</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,536,451</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,443,631</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>(293,901)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>84,667,245</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>19,057,509</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>123,074,574</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/17.4pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>33. Foreign exchange
and gold gains/(losses)</B></P>

<P STYLE="font: 10pt/17.4pt BBVA Benton Sans Book,serif; margin: 6pt 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Income from trading in foreign currency</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">50,341,763</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">70,587,703</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">16,187,663</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">27,231,045</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Conversion of foreign currency assets and liabilities into pesos</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,874,380</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(7,748,645)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,165,193</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">18,031,654</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>54,216,143</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>62,839,058</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>28,352,856</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>45,262,699</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>34. Other operating
income</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-right: 1.5pt; padding-left: 1.5pt">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Adjustments and interest on miscellaneous receivables</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,344,054</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">19,083,446</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,567,614</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">35,260,060</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Rental of safe deposit boxes</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,127,755</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">16,275,430</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,270,967</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,843,704</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Debit and credit card commissions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,425,361</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,896,002</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,585,149</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,775,333</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Punitive interest</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,788,521</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,604,706</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,106,209</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,693,696</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Loans recovered</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,237,105</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,506,103</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,288,612</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,724,857</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Rent</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,892,558</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,799,607</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,565,504</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,427,458</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Fee expenses recovered</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,599,099</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,211,731</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,147,627</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,319,120</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Commission from syndicated transactions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">245,418</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">657,534</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">404,190</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">855,525</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Allowances reversed</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(1,653,614)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">142,055</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,418,150</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,819,584</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other operating income</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,584,602</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,556,390</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,607,660</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">14,160,485</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>37,590,859</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>78,733,004</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>39,961,682</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>86,879,822</B></FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->50<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; color: #072146"><B>35. Impairment of financial assets</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 13%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="width: 15%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 13%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 15%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Financial assets at amortized cost</B></FONT></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="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Loan loss allowance in pesos</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">141,086,704</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">242,057,322</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">58,041,287</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">99,351,596</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Loan loss allowance in foreign currency</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,602,305</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,138,387</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(100,210)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,996,717</FONT></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="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Financial assets at fair value through OCI</B></FONT></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="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Correction of value due to credit losses</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(164,671)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(78,810)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(10,749)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">16,017</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>144,524,338</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>246,116,899</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>57,930,328</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>102,364,330</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 13.65pt; text-align: justify; text-indent: -3.3pt; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>36. Personnel benefits</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 49.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 14%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 14%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Salaries</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">82,584,953</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">162,295,857</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">80,119,873</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">160,208,162</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Social security withholdings and collections</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">26,124,040</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">49,067,723</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">22,223,369</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">48,247,854</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other short-term personnel benefits</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">22,216,242</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">41,206,462</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">18,714,416</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">56,589,718</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Personnel services</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,954,509</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,534,555</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,709,823</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,214,762</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Personnel compensation and bonuses</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,058,134</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,307,527</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">23,152,280</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">25,115,759</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Employee termination benefits (Exhibit J)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">912,765</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">912,765</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">986,367</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">986,367</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other long-term benefits</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">934,488</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">934,488</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,975,994</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,975,994</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>141,785,131</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>270,259,377</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>152,882,122</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>301,338,616</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 49.65pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 0 0 42.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>37. Administrative
expenses</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 2.65pt; padding-left: 2.65pt">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Contracted administrative services</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">25,015,522</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">53,747,310</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">23,657,063</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">44,676,895</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Taxes</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">19,206,019</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">38,053,667</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">39,212,071</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">78,982,202</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Armored transportation services</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,798,438</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">34,608,036</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">13,728,399</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">26,044,268</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Rent</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">15,930,540</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">31,127,012</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">21,018,876</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">46,066,117</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Advertising</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,930,089</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">26,217,805</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,459,919</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">22,152,974</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Maintenance and repair costs</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">13,454,687</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">26,179,506</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,954,825</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">26,626,819</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Documents distribution</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,972,554</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">13,996,925</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,344,427</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">13,388,988</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Security services</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,406,556</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">13,061,371</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,466,479</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,114,405</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">IT</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,048,294</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,648,199</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,936,598</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">22,217,219</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other fees</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,183,857</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,497,689</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,006,180</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,635,346</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Electricity and communications</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,769,326</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,299,755</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,510,365</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,075,111</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Trade reports</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,518,046</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,139,934</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,829,523</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,983,404</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Insurance</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,225,664</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,661,887</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">989,131</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,164,401</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Representation and travel expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,325,913</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,408,696</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">850,047</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,939,159</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Fees to Bank Directors and Supervisory Committee</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">231,792</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">420,132</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">181,914</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">360,094</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Stationery and supplies</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">199,611</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">404,963</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">438,771</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">680,503</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other administrative expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,438,986</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">14,328,587</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,715,765</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,894,745</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>147,655,894</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>302,801,474</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>163,300,353</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>334,002,650</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>38. Asset depreciation
and impairment</B></P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Property and equipment (Note 14)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">16,078,039</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">33,232,529</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">14,992,229</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">29,135,190</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Intangible assets (Note 15)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,036,183</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,484,007</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,862,216</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,645,608</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Right of use of leased real estate (Note 14)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,240,419</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,466,755</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,200,067</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,877,944</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other assets</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,232,308</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,432,249</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">956,426</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,346,061</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>23,586,949</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>45,615,540</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>25,010,938</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>42,004,803</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 53 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->52<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>39. Other operating
expenses </B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Turnover tax</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">109,573,246</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">203,650,421</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">129,019,542</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">229,222,691</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Initial recognition of loans </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">24,475,947</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">47,603,210</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,843,957</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,956,815</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other allowances (Exhibit J) </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,655,043</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">19,897,077</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(24,384,100)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">32,763,276</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Contribution to the Deposit Guarantee Fund (Note 46)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,920,701</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,660,709</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,870,323</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,589,643</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Claims </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,669,063</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,838,669</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">952,868</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,797,459</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest on liabilities from leases (Note 25)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,001,851</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,084,103</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,146,666</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,368,513</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Adjustment for restatement of dividends in constant currency</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">493,505</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">493,505</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">14,333,069</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">14,333,069</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other operating expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,247,947</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">23,471,688</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,951,847</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">17,361,558</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; 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="background-color: white; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>170,037,303</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>313,699,382</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>136,734,172</B></FONT></TD>
    <TD STYLE="background-color: white; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>312,393,024</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: -7.1pt; color: #1F497D"><B>40.
Fair values of financial instruments</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #004481"><B>40.1. Assets and
liabilities measured at fair value</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The fair value hierarchy of assets
and liabilities measured at fair value as of June 30, 2025 is detailed below:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accounting balance</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Level 1 Fair Value</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Level 2 Fair Value</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Level 3 Fair Value</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 12pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B><U>Financial assets</U></B></FONT></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>
    <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="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>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Debt securities at fair value through profit or loss</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">624,361,348</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">624,036,923</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">324,425</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Derivative instruments</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,038,260</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,521,140</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,517,120</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other financial assets</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">969,925</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">969,925</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other debt securities </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,349,135,186</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,334,243,210</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,934,258</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,957,718</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Financial assets pledged as collateral</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">55,972,452</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">54,172,910</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,799,542</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Investments in equity instruments</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">15,328,514</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,889,835</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,018,274</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,420,405</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: 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="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: 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="padding-right: 2.65pt; padding-left: 12pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B><U>Financial liabilities</U></B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: 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="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: 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="vertical-align: bottom"><FONT STYLE="font-size: 9pt">Liabilities at fair value through profit or loss</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">422,633</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">422,633</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Derivative instruments</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">15,045,703</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,505,961</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,539,742</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">The fair value hierarchy of assets and liabilities measured at fair value
as of December 31, 2024 is detailed below:</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 21.25pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accounting Balance</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Level 1 Fair Value</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Level 2 Fair Value</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Level 3 Fair Value</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 12pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B><U>Financial assets</U></B></FONT></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>
    <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="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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Debt securities at fair value through profit or loss</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">105,655,567</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">94,765,911</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,889,656</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Derivative instruments</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,352,524</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">991,481</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,361,043</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other financial assets</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">862,280</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">862,280</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other debt securities </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,689,443,799</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,604,690,991</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">81,544,378</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,208,430</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Financial assets pledged as collateral</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">143,871,318</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">143,871,318</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Investments in equity instruments</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">14,568,609</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,386,294</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">886,806</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,295,509</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: 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="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: 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="padding-right: 2.65pt; padding-left: 12pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B><U>Financial liabilities</U></B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: 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="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: 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="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Derivative instruments</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,441,163</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,441,163</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Financial assets at fair value consist
of Argentine Treasury Bonds, Argentine Treasury Bills, BCRA Bonds, private debt securities (corporate bonds), shares and mutual funds.
Likewise, financial derivatives are classified at fair value. Such derivatives, include futures measured at the price of the market where
they are traded (A3), foreign currency NDF (non-delivery forwards) and interest rate swaps.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>40.2. Transfers
between hierarchy levels</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; text-align: justify"><FONT STYLE="color: #072146">40.2.1.
</FONT><FONT STYLE="color: #004481">Transfers from Level 1 to Level 2</FONT></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">There are no Level 1 to Level 2 transfers
for instruments measured at fair value as of period-end.</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; text-align: justify"><FONT STYLE="color: #072146">40.2.2.
</FONT><FONT STYLE="color: #004481">Transfers from Level 2 to Level 1</FONT></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">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>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 66%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Argentine Treasury Bonds In pesos adjusted by Cer 0%. Maturity 10-31-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,030,601</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Bonds for the Reconstruction of a Free Argentina - CLASS 1 - Maturity 10-31-2027 (Series C)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">446,240</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">360 Energy Solar S.A. Corporate bonds Series 4 in USD at fixed rate. Maturity 10-30-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,537,427</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Petroqu&iacute;mica Comodoro Rivadavia Corporate bond Series R in USD. Maturity 10-22-2028</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,788,185</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Minera EXAR Corporate bond Series 1 in USD. Maturity 11-11-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,159,949</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Empresa de Gas del Sur (EMGASUD) S.A. Corporate Bond Series 39 in USD. Maturity 07-14-2028</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,536,099</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; text-align: justify">The hierarchy level of the instruments
detailed above was compared with the previous year levels.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; 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/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>40.3. Valuation
techniques for Levels 2 and 3</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The valuation techniques used for Level
2 securities require observable market data: the spot discount curve in pesos, the spot discount curve in US dollars, the discount curves
of corporate bonds in US dollars (one of the energy sector and the other of several industries), the discount curve of Dollar-linked corporate
bonds, CER discount curve, the yield curve in pesos arising from ROFEX futures, the yield curve in pesos arising from futures traded by
ICAP Broker, the Overnight Index Swap (OIS) international dollar curve, the yield curve in euros, Badlar rate, TAMAR rate, UVA index,
CER index and the spot selling exchange rates published by Banco de la Naci&oacute;n Argentina (BNA) and the 3500 dollar. Below is a detail
of valuation techniques for each financial product:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #004481"><B>Fixed Income </B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The determination of fair value pricing
established by the Bank for fixed income consists in considering the representative market prices from A3 Mercados S.A. (formerly, Mercado
Abierto Electr&oacute;nico S.A.) as the primary source and BYMA as the secondary source for quotes from the last business day at the end
of the month. This criteria adjustment aims to ensure that the month-end amount reflects a valuation more accurately aligned with the
market value.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The pricing process with these hierarchies
is maintained over the last 10 business days, prioritizing the price from A3 Mercados S.A. and then the price from BYMA according to timeliness.
For example, a quote in BYMA on T-1 is considered above a quote in A3 Mercados S.A. on T-2.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">For Argentine Treasury bonds and bills,
if the bonds have not traded for the last 10 business days in A3 or BYMA, fair value is determined by discounting cash flows using the
pertinent discount curve.</P>


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<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt">Corporate Bonds in US dollars, if bonds have not trade for the
last 10 business in A3 Mercados S.A. or BYMA, they are valued at the present value of the future cash flows with the discount curve that
corresponds to the type of industry or sector. The same criteria applies to the case of Corporate Bonds that are Dollar Link, except that
in this case the discount curve used is the dollar linked curve.</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #004481"><B>SWAPS</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #004481"><B>Non-Delivery Forwards</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The theoretical valuation of NDFs consists
in discounting the future cash flows to be exchanged pursuant to the contract, using a discount curve that will depend on the currency
of each cash flow. The result is then calculated by subtracting the present values in pesos, estimating the value in pesos based on the
applicable spot exchange rate, depending on whether the contract is local or offshore.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 exchange
rate for selling currency published by Banco de la Naci&oacute;n Argentina (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 exchange rate for selling currency published by BNA.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 Euro exchange rate
for selling currency 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 exchange rate for selling currency published by BNA.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 exchange rate for selling currency published by BNA. Cash flows in dollars are discounted using the yield curve in dollars.
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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #004481"><B>Investments in equity
instruments</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 according to the latest available information of such companies.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #004481"><B>Corporate bonds</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">For corporate bonds in pesos that are
in portfolio classified as Level 3, the valuation criterion is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">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 &#8220;clean&#8221; price is calculated. If principal was repaid, then repayment amount is deducted and the &#8220;dirty&#8221;
price is recalculated, with interest being accrued until year-end. Corporate bonds at floating rate in portfolio are as follows:</P>


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<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.65pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 11pt">-</FONT></TD><TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">FCA Compa&ntilde;&iacute;a Financiera (ON FTL2O)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The most relevant unobservable inputs
include:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.65pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Latest market price</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The tables below show a sensitivity
analysis for each of the above-mentioned securities:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="4" STYLE="width: 54%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146">Latest market price scenarios</FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 45%; border: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146">Changes in final price</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146">ON FTL2O</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2 %</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1.941 %</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5 %</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4.853 %</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10 %</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9.705 %</FONT></TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 14.15pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>40.4. 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/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; 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: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 36%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 33%">&nbsp;</TD>
    <TD STYLE="width: 15%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>Balance at the beginning of the fiscal year</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>7,503,939</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>16,898,665</B></FONT></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>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other debt securities - Private securities - Corporate bonds</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(829,876)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(2,190,502)</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Debt securities at fair value through profit or loss - Private securities - Corporate bonds</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(573,998)</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Equity instruments</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">688,320</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,508,312</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Monetary loss from assets at fair value</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(984,260)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(9,138,538)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Balance at fiscal period/year-end</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>6,378,123</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>7,503,939</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>40.5. Fair value
of assets and liabilities not measured at fair value</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 12pt 0 6pt 28.35pt; 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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.2pt"></TD><TD STYLE="width: 17.45pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt; line-height: 120%"><U>Assets and
liabilities with fair value similar to their accounting balance</U>: For financial assets and financial liabilities maturing in less than
three months, it is considered that the accounting balance is similar to fair value.</FONT></TD></TR></TABLE>


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    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.2pt"></TD><TD STYLE="width: 17.45pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><U>Fixed rate financial instruments</U>:
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.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.2pt"></TD><TD STYLE="width: 17.45pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt; line-height: 120%"><U>Variable
rate financial instruments</U>: For financial assets and financial liabilities accruing a floating rate, it is considered that the accounting
balance is similar to the fair value. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">The fair value hierarchy of assets and liabilities not measured at fair value
as of June 30, 2025 is detailed below:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 38%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Accounting balance</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Total Fair Value</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 3%">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Level 1 Fair Value</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Level 2 Fair Value</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Level 3 Fair Value</B></FONT></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="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><U>Financial assets</U></FONT></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>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Cash and deposits in banks</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">3,314,123,976</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(a)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Other financial assets</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">192,812,301</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(a)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Loans and other financing</FONT></TD>
    <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>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 6pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;Non-financial government sector</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">3,706,568</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(a)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;Other financial institutions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">144,850,476</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">149,049,925</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">149,049,925</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-indent: 7.1pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">&nbsp;&nbsp;Non-financial private sector and residents abroad</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">11,005,284,093</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">11,385,246,077</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">11,385,246,077</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Other debt securities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">75,425,048</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">75,664,619</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">75,664,619</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Financial assets pledged as collateral</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">299,097,859</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(a)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <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>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><U>Financial liabilities</U></FONT></TD>
    <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>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Deposits</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">13,026,616,045</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">5,270,565,878</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">5,270,565,878</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Other financial liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">1,659,224,467</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(a)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Financing received from the BCRA and other financial institutions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">367,524,234</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">377,377,795</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">377,377,795</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Corporate bonds issued</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">432,191,797</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">419,454,671</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">419,454,671</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">The fair value is not reported
as it is considered similar to its accounting balance.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">The total accounting balance includes
all items of Deposits, while the detail of Fair value only includes the value for Time Deposits at Level 3 fair value. For the rest of
deposits, the fair value is not reported as it is considered that it is similar to their accounting balance.</FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; text-align: justify">The fair value hierarchy of assets
and liabilities not measured at fair value as of December 31, 2024 is detailed below:</P>

<P STYLE="font: 8pt/120% BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 41%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Accounting balance</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Total Fair Value</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Level 1 Fair Value</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Level 2 Fair Value</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Level 3 Fair Value</B></FONT></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="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><U>Financial assets</U></FONT></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">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Cash and deposits in banks</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">3,250,198,428</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(a)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Other financial assets</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">290,438,348</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(a)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Loans and other financing</FONT></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></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 6pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;Non-financial government sector</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">1,110,368</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(a)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;Other financial institutions</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">67,065,049</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">79,955,449</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">79,955,449</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial private sector and residents abroad</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">8,608,475,378</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">9,033,906,934</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">9,033,906,934</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Other debt securities</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">184,044,660</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">184,859,563</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">184,859,563</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Financial assets pledged as collateral</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">388,989,776</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(a)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></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="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><U>Financial liabilities</U></FONT></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: bottom">&nbsp;</TD>
    <TD>&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>
    <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; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Deposits</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">11,428,737,914</FONT></TD>
    <TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">(b)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">3,766,704,447</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">3,766,704,447</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Other financial liabilities</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">1,375,796,576</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(a)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Financing received from the BCRA and other financial institutions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">231,264,542</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">229,002,612</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">229,002,612</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Corporate bonds issued</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">133,395,510</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">134,987,028</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">134,987,028</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 42.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 7.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">The fair value is not reported
as it is considered similar to its accounting balance.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, 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: BBVA Benton Sans Book,serif; font-size: 8pt">(b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">The total accounting balance includes
all items of Deposits, while the detail of Fair value only includes the value for Time Deposits at Level 3 fair value. For the rest of
deposits, the fair value is not reported as it is considered that it is similar to their accounting balance.</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>41. Segment reporting</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><U>Basis for segmentation </U></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">As of June 30, 2025 and December 31,
2024, 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The following table shows relevant
information on loans and deposits by business line as of June 30, 2025 and December 31, 2024:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Group (banking activity)(1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%; border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 2.25pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Loans and other financing</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>11,153,841,137</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>8,676,650,795</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Corporate banking (2)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,423,329,164</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,455,785,588</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 6pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Small and medium companies (3)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,207,623,517</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,217,965,892</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Retail</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,522,888,456</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,002,899,315</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Other assets</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>8,110,612,404</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>8,271,344,145</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>19,264,453,541</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>16,947,994,940</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Deposits</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>13,026,616,045</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>11,428,737,914</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Corporate banking (2) (3)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,975,143,529</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,848,774,096</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 6pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Small and medium companies (2) (3)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,117,733,710</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,773,948,157</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Retail</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,933,738,806</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,806,015,661</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Other liabilities </B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>3,302,735,227</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>2,502,649,189</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>16,329,351,272</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>13,931,387,103</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 63.75pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/9.6pt Times New Roman, Times, 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: BBVA Benton Sans Book,serif; font-size: 8pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">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/120% Times New Roman, Times, 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: BBVA Benton Sans Book,serif; font-size: 8pt">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">It includes the Financial Sector.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/9.6pt Times New Roman, Times, 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: BBVA Benton Sans Book,serif; font-size: 8pt">(3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">It includes Government Sector.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 6.55pt; text-align: justify; text-indent: 3.8pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The information related to the operating
segment (the Group's banking activity) is the same as that presented in the Consolidated Statement of Income, considering that it is the
measure used by the Entity's chief operating decision marker for the allocation of resources and performance evaluation.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>42. Related parties</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #004481"><B>42.1. Parent</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt">The Bank's parent is Banco Bilbao Vizcaya Argentaria.</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; color: #004481"><B>42.2. Key management personnel</B></P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-indent: 7.1pt; color: #004481"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">Pursuant to IAS 24, key management
personnel are those having the authority and responsibility for planning, managing and controlling the Group&#8217;s activities, whether
directly or indirectly.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; 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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    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; color: #072146"><B>42.2.1. Remuneration of key management
personnel</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt">The Group's key management personnel received the following
compensations:</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.24</B></FONT></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="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Fees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">295,394</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">268,462</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt; color: #002060"><B>Total</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>295,394</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>268,462</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; color: #072146"><B>42.2.2. Profit or loss from transactions
and balances with key management personnel</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Balances as of</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 68%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 16%; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 16%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Loans</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Overdrafts</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Credit cards </FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">70,792</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">64,493</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Consumer loans</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">892</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,241</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Deposits</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Deposits</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">660,125</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">148,776</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"><B>Profit or loss from transactions</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 67%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 16%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Profit or loss</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest income</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">32,234</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">124,103</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest expense</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(2,381)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(19,233)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Commission income</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">965</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,926</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Commission expense</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(1,486)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(903)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other operating income</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,182</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,171</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; text-align: justify">Loans are granted on an arm&#8217;s
length basis. As of June 30, 2025 and December 31, 2024, balances of loans granted are classified under normal performance according to
the debtor classification rules issued by the BCRA.</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->61<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; text-align: justify"><FONT STYLE="color: #072146"><B>42.2.3.
</B></FONT><B><FONT STYLE="color: #004481">Profit or loss and balances with related parties (except for key management personnel)</FONT></B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 30.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Parent</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Balances as of</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 68%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Assets</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Cash and deposits in banks</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,855,942</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">6,387,491</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Other financial assets&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">569,378</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">102</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Liabilities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Other non-financial liabilities</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">38,158,219</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">53,898,314</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Derivative instruments (Liabilities)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,051</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B><U>Off-balance sheet balances</U></B></FONT></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 STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Securities in custody</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,717,570,341</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,540,255,911</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Guarantees received</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">82,577,421</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">139,010,148</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Sureties granted</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">28,723,806</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">100,109,305</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Derivative instruments</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">596,648</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/9.6pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Profit or loss from transactions</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 67%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 16%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B><U>Profit or loss</U></B></FONT></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-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Interest income</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">743</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Commission income</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">39,246</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">133,267</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Net loss from measurement of financial instruments at fair value through profit or loss</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(1)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Other operating income</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">25,673</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">21,379</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Administrative expenses</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(16,617,966)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(12,419,059)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/9.6pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->62<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Subsidiaries&nbsp;&nbsp;(1)</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 24pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Balances as of</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 67%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B><U>Assets</U></B></FONT></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-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Loans and other financing</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">185,339,162</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">116,815,594</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B><U>Liabilities</U></B></FONT></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-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Deposits</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">60,039,509</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">41,147,995</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Other non-financial liabilities</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,963,690</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,933,552</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B><U>Off-balance sheet balances</U></B></FONT></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-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Securities in custody</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,263,955</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,192,737</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Profit or loss from transactions</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B><U>Profit or loss</U></B></FONT></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-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Interest income</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">25,975,542</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">25,849,453</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Interest expense</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(390,498)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(3,282,520)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Commission income</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">18,766</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">6,984</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Commission expense</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(3,316,424)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(5,411,831)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Foreign exchange and gold gains/(losses)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">721</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">11</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Other operating income</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,311,217</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,580,622</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Administrative expenses</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(743,891)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(264,960)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Other operating expenses</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(4)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 30.35pt">&nbsp;</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt/9.6pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">(1) The transactions between BBVA and
its subsidiaries detailed in the preceding table were eliminated for consolidation purposes in the Consolidated Financial Statements as
of June 30, 2025 and 2024, and December 31, 2024, respectively.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; text-align: justify">&nbsp;</P>


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    <!-- Field: /Page -->

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Associates</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Balances as of</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 67%; border-top: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B><U>Assets</U></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 16%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 16%; border-top: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Loans and other financing</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">36,863,708</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">17,715,511</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Derivative instruments</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">913,307</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">682,861</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Other financial assets</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,402,549</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,406,003</FONT></TD></TR>
  <TR>
    <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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B><U>Liabilities</U></B></FONT></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="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Deposits</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">13,357,858</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">4,502,215</FONT></TD></TR>
  <TR>
    <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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B><U>Off-balance sheet balances</U></B></FONT></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="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Securities in custody</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">26,222,263</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">25,008,228</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Guarantees received</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">194,123</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">193,196</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Sureties granted</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">194,123</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">193,196</FONT></TD></TR>
  <TR>
    <TD>&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>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Profit or loss from transactions</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.24</B></FONT></TD></TR>
  <TR>
    <TD>&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-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B><U>Profit or loss</U></B></FONT></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-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Interest income</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">6,244,608</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">4,887,443</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Interest expense</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(197,377)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(411,603)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Commission income</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">10,488,011</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">6,753,333</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Commission expense</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(14,362)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(8,860)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Net income from measurement of financial instruments at fair value through profit or loss</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">775,230</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">541,092</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Foreign exchange and gold gains/(losses)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">46,573</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">16,259</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Other operating income</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,317,636</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,007,834</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; text-align: justify">Transactions have been agreed upon
on an arm&#8217;s length basis. As of June 30, 2025 and December 31, 2024, balances of loans granted are classified under normal performance
according to the debtor classification rules issued by the BCRA.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>43. Financial instruments
risks</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #004481"><B>43.1. Risk policies
of financial instruments</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 7.1pt 0 28.35pt; text-align: justify">In this consolidated condensed
interim financial statements, the Entity has applied the same risk policies of financial instruments as in the preparation of its financial
statements as of December 31, 2024.</P>


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<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #004481"><B>43.2. Exposure to
credit risk and allowances</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 June 30, 2025 and December 31, 2024:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 5pt/5pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>Exposure to default - </B></P>
    <P STYLE="font: 5pt/5pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>Credit Investment</B></P></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 1</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 2</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Collective</B></FONT></TD>
    <TD STYLE="border-top: black 2.25pt solid; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Individual</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Collective</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Individual</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 37%; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Balances as of 12.31.24</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>8,703,987,412</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>455,074,699</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>24,626,927</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>123,732,738</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>6,113,112</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>9,313,534,888</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Inter-stage Transfers:</FONT></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>
    <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-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;From stage 1 to stage 2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(907,624,390)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">925,428,867</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">17,804,477</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;From stage 2 to stage 1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">403,429,750</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(378,120,334)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(6,342,779)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">18,966,637</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;From stage 1 or 2 to stage 3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(38,638,138)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(262,775,298)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(982,855)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">307,899,950</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">1,427,206</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">6,930,865</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;From stage 3 to stage 1 or 2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">10,505,229</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">5,236,711</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">61,346</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(28,274,709)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(777,632)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(13,249,055)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Changes without inter-stage transfers</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(83,463,802)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">39,419,089</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">1,724,885</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(9,558,989)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">3,318,890</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(48,559,927)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Newly originated financial assets</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">9,209,883,243</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">133,355,932</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">32,551,679</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">30,111,125</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">2,951,092</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">9,408,853,071</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Reimbursements</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(5,521,241,842)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(104,482,438)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(27,066,542)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(23,584,789)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(386,510)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(5,676,762,121)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Write-offs</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(460)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(71,463,174)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(1,322,251)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(72,785,885)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Foreign exchange differences</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">267,370,145</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">1,751,430</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">1,583,534</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">15,543</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">600,526</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">271,321,178</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Inflation adjustment</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(1,311,740,982)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(74,145,513)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(4,080,104)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(22,789,034)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(994,651)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(1,413,750,284)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Balances as of 06.30.25</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>10,732,466,625</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>740,742,685</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>22,076,091</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>306,088,661</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>10,929,782</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>11,812,303,844</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 5pt/5pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>Exposure to default - </B></P>
    <P STYLE="font: 5pt/5pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>Credit Investment</B></P></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 1</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 2</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Collective</B></FONT></TD>
    <TD STYLE="border-top: black 2.25pt solid; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Individual</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Collective</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Individual</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 37%; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Balances as of 12.31.23</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>4,764,644,150</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>500,833,912</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>17,374,201</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>78,663,097</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>9,576,188</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>5,371,091,548</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Inter-stage Transfers:</FONT></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>
    <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-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;From stage 1 to stage 2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(963,727,476)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">926,379,074</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">6,808,241</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(30,540,161)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;From stage 2 to stage 1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">694,666,277</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(598,674,121)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(4,420,264)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">91,571,892</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;From stage 1 or 2 to stage 3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(21,579,782)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(172,959,236)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(146,832)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">201,520,547</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">140,049</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">6,974,746</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;From stage 3 to stage 1 or 2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">2,177,292</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">9,069,691</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(5,609)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(15,957,340)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(175,895)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(4,891,861)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Changes without inter-stage transfers</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">1,636,057,349</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">141,591,174</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">16,212,397</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(969,854)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">3,373,474</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">1,796,264,540</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Newly originated financial assets</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">12,669,090,839</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">119,644,234</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">14,906,244</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">25,083,315</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">272,724</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">12,828,997,356</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Reimbursements</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(6,563,703,159)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(148,920,966)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(16,661,105)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(34,618,454)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(600,934)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(6,764,504,618)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Write-offs</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(72,477,689)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(2,104,307)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(74,581,996)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Foreign exchange differences</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">173,180,553</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">2,547,665</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">2,418,699</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">17,347</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">1,103,397</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">179,267,661</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Inflation adjustment</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(3,686,818,631)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(324,436,728)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(11,859,045)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(57,528,231)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(5,471,584)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(4,086,114,219)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Balances as of 12.31.24</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>8,703,987,412</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>455,074,699</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>24,626,927</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>123,732,738</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>6,113,112</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>9,313,534,888</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 5pt/5pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>Exposure to default - </B></P>
    <P STYLE="font: 5pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>Contingent</B></P></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 1</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 2</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Collective</B></FONT></TD>
    <TD STYLE="border-top: black 2.25pt solid; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Individual</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Collective</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Individual</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 38%; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Balances as of 12.31.24</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>3,810,694,477</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>182,964,998</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>891,031</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>1,090,669</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>2,273</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>3,995,643,448</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Inter-stage Transfers:</FONT></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>
    <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-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;From stage 1 to stage 2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(385,386,922)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">260,634,834</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(124,752,088)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;From stage 2 to stage 1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">303,777,224</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(178,308,012)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(5,000)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">125,464,212</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;From stage 1 or 2 to stage 3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(2,323,356)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(646,907)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(804)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">1,374,285</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">804</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(1,595,978)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;From stage 3 to stage 1 or 2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">636,911</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">183,954</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">5,716</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(888,651)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(30,543)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(92,613)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Changes without inter-stage transfers</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">1,306,145,972</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">67,549,757</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(487,300)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(176,264)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">51,319</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">1,373,083,484</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Newly originated financial commitments</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">524,632,608</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">23,554,472</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">169,762</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">45,391</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">548,402,233</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Reimbursements</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(403,962,712)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(24,571,002)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(284,120)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(462,766)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(10,601)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(429,291,201)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Write-offs</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(142)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(142)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Foreign exchange differences</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">32,025,254</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">365,780</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">24,465</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">32,415,499</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Inflation adjustment</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(560,447,131)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(29,559,717)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(47,741)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(119,628)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(3,743)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(590,177,960)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Balances as of 06.30.25</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>4,625,792,325</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>302,168,157</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>96,247</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>987,265</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>54,900</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>4,929,098,894</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 5pt/5pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>Exposure to default - </B></P>
    <P STYLE="font: 5pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>Contingent</B></P></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 1</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 2</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Collective</B></FONT></TD>
    <TD STYLE="border-top: black 2.25pt solid; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Individual</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Collective</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Individual</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 37%; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Balances as of 12.31.23</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>1,467,271,093</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>153,447,956</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>451,276</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>519,189</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>867</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>1,621,690,381</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Inter-stage Transfers:</FONT></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>
    <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-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;From stage 1 to stage 2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(270,425,528)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">240,170,291</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">82,534</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(30,172,703)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;From stage 2 to stage 1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">325,264,214</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(221,632,465)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(290,396)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">103,341,353</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;From stage 1 or 2 to stage 3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(2,366,378)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(782,843)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(327)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">2,032,100</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">239</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(1,117,209)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;From stage 3 to stage 1 or 2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">1,151,862</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">390,684</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">327</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(1,168,437)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">(1,545)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: black">372,891</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Changes without inter-stage transfers</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">2,838,576,711</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">123,148,991</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(1,523,978)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">343,726</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">7,893</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">2,960,553,343</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Newly originated financial commitments </FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">1,252,107,038</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">60,525,050</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">3,328,711</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">256,088</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">1,316,216,887</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Reimbursements</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(567,528,965)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(65,200,184)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(568,578)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(487,544)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(79)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(633,785,350)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Write-offs</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(2,097)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(2,097)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Foreign exchange differences</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">46,823,776</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">2,178,786</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">470,170</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">49,472,732</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Inflation adjustment</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(1,280,179,346)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(109,281,268)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(1,058,708)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(402,356)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(5,102)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(1,390,926,780)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Balances as of 12.31.24</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>3,810,694,477</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>182,964,998</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>891,031</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>1,090,669</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>2,273</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>3,995,643,448</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Allowances - Credit Investment</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 1</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 2</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Collective</B></FONT></TD>
    <TD STYLE="border-top: black 2.25pt solid; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Individual</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Collective</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Individual</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 37%; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Balances as of 12.31.24</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>62,792,503</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>25,749,180</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>1,160,681</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>90,884,725</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>4,495,298</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>185,082,387</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Inter-stage Transfers:</FONT></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>
    <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-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">&nbsp;&nbsp;&nbsp;&nbsp;From stage 1 to stage 2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(28,414,614)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">76,428,615</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">48,014,001</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">&nbsp;&nbsp;&nbsp;&nbsp;From stage 2 to stage 1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">7,247,798</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(19,169,958)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(344,261)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(12,266,421)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">&nbsp;&nbsp;&nbsp;&nbsp;From stage 1 or 2 to stage 3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(2,982,248)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(56,211,198)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(245,254)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">180,366,136</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">689,495</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">121,616,931</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">&nbsp;&nbsp;&nbsp;&nbsp;From stage 3 to stage 1 or 2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">557,143</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">387,205</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">38,671</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(15,140,744)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(490,634)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(14,648,359)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Changes without inter-stage transfers</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(4,198,547)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">11,431,681</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">573,516</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">13,359,282</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">4,425,010</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">25,590,942</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Newly originated financial assets</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">85,242,717</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">12,503,801</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">1,299,777</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">18,939,789</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">1,126,558</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">119,112,642</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Reimbursements</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(52,438,469)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(3,373,055)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(1,802,294)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(15,738,781)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(371,263)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(73,723,862)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Write-offs</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(2,180)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(59,043,447)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(1,282,694)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(60,328,321)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Foreign exchange differences</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">1,497,212</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">218,175</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">52,204</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(21,194)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">385,801</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">2,132,198</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Inflation adjustment</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(10,150,638)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(4,814,849)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(216,686)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(16,213,436)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(741,376)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(32,136,985)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Balances as of 06.30.25</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>59,152,857</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>43,147,417</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>516,354</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>197,392,330</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>8,236,195</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>308,445,153</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Allowances - Credit Investment</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 1</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 2</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Collective</B></FONT></TD>
    <TD STYLE="border-top: black 2.25pt solid; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Individual</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Collective</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Individual</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 37%; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Balances as of 12.31.23</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>34,739,008</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>18,994,654</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>265,719</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>56,763,222</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>6,883,167</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>117,645,770</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Inter-stage Transfers:</FONT></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>
    <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-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">&nbsp;&nbsp;&nbsp;&nbsp;From stage 1 to stage 2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(18,558,535)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">54,760,825</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">400,341</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">36,602,631</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">&nbsp;&nbsp;&nbsp;&nbsp;From stage 2 to stage 1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">6,043,624</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(20,392,130)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(52,253)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(14,400,759)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">&nbsp;&nbsp;&nbsp;&nbsp;From stage 1 or 2 to stage 3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(1,452,394)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(30,328,090)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(4,727)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">118,006,795</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">3,256</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">86,224,840</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">&nbsp;&nbsp;&nbsp;&nbsp;From stage 3 to stage 1 or 2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">125,589</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">654,562</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(10,916,488)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(115,222)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(10,251,559)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Changes without inter-stage transfers</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">17,943,277</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">17,959,171</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">752,386</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">35,030,112</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">3,363,189</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">75,048,135</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Newly originated financial assets</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">107,754,352</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">1,955,481</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">147,753</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">13,926,018</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">272,715</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">124,056,319</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Reimbursements</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(61,595,366)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(4,987,135)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(189,980)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(22,551,498)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(539,430)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(89,863,409)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Write-offs</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(7)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(58,016,072)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(2,055,184)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(60,071,263)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Foreign exchange differences</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">1,378,706</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">53,583</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">45,903</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">6,161</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">763,845</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">2,248,198</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Inflation adjustment</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(23,585,758)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(12,921,734)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(204,461)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(41,363,525)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(4,081,038)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(82,156,516)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Balances as of 12.31.24</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>62,792,503</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>25,749,180</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>1,160,681</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>90,884,725</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>4,495,298</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>185,082,387</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Allowances &#8211; Contingent</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 1</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 2</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Collective</B></FONT></TD>
    <TD STYLE="border-top: black 2.25pt solid; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Individual</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Collective</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Individual</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 37%; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Balances as of 12.31.24</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>20,179,279</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>5,288,073</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>12,982</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>732,940</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>5,598</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>26,218,872</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Inter-stage Transfers:</FONT></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>
    <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-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">&nbsp;&nbsp;&nbsp;&nbsp;From stage 1 to stage 2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(4,391,695)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">7,439,575</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">3,047,880</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">&nbsp;&nbsp;&nbsp;&nbsp;From stage 2 to stage 1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">2,701,986</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(5,228,759)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(3,152)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(2,529,925)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">&nbsp;&nbsp;&nbsp;&nbsp;From stage 1 or 2 to stage 3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(45,248)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(57,087)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(20,819)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">771,471</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">20,374</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">668,691</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">&nbsp;&nbsp;&nbsp;&nbsp;From stage 3 to stage 1 or 2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">12,563</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">15,090</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">8,396</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(536,913)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(23,419)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(524,283)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Changes without inter-stage transfers</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">7,395,595</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">540,420</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">7,407</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(129,805)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">158,442</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">7,972,059</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Newly originated financial commitments</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">5,063,591</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">299,605</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">108,289</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">42,156</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">5,513,641</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Reimbursements</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(2,064,928)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(392,106)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(1,552)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(286,513)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(6,652)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(2,751,751)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Write-offs</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(116)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(116)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Foreign exchange differences</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">100,554</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">818</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">129</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">101,501</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Inflation adjustment</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(2,872,128)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(800,804)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(1,805)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(74,241)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(9,144)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(3,758,122)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Balances as of 06.30.25</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>26,079,569</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>7,104,825</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>1,586</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>585,112</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>187,355</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>33,958,447</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Allowances &#8211; Contingent</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 1</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 2</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Stage 3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Collective</B></FONT></TD>
    <TD STYLE="border-top: black 2.25pt solid; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Individual</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Collective</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Individual</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 37%; border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Balances as of 12.31.23</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>11,759,805</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>2,875,219</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>7,311</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>326,050</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>634</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>14,969,019</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Inter-stage Transfers:</FONT></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>
    <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-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">&nbsp;&nbsp;&nbsp;&nbsp;From stage 1 to stage 2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(2,802,514)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">6,976,077</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">5,316</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">4,178,879</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">&nbsp;&nbsp;&nbsp;&nbsp;From stage 2 to stage 1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">2,228,916</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(4,970,851)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(5,138)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(2,747,073)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">&nbsp;&nbsp;&nbsp;&nbsp;From stage 1 or 2 to stage 3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(52,199)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(76,837)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(13)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">1,155,038</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">93</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">1,026,082</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">&nbsp;&nbsp;&nbsp;&nbsp;From stage 3 to stage 1 or 2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">44,920</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">18,566</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">7</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(703,672)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(26,176)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt">(666,355)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Changes without inter-stage transfers</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">1,667,738</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">2,981,270</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(39,767)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">314,918</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">36,746</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">4,960,905</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Newly originated financial commitments</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">20,957,205</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">829,659</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">68,416</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">166,271</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">22,021,551</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Reimbursements</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(5,270,195)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(1,255,818)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(12,130)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(279,798)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(59)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(6,818,000)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Write-offs</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(1,539)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(1,539)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Foreign exchange differences</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">451,345</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">17,421</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">8,591</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">477,357</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">Inflation adjustment</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(8,805,742)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(2,106,633)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(19,611)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(244,328)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(5,640)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #004481">(11,181,954)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>Balances as of 12.31.24</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>20,179,279</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>5,288,073</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>12,982</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>732,940</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>5,598</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 5pt; color: #072146"><B>26,218,872</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>44. Restrictions
to the distribution of earnings </B></P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 13.65pt; text-align: justify; text-indent: -3.3pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/11.2pt Times New Roman, Times, 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: BBVA Benton Sans Book,serif; font-size: 10pt">a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">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
retained earnings and less the accumulated loss at the end of the previous year, if any, must be allocated to the legal reserve. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">By means of Communication &#8220;A&#8221;
6464, as amended and supplemented, the BCRA establishes the general procedure for the distribution of earnings. According to such procedure,
distributions are allowed only if 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&#8217;s Shareholders&#8217; Meeting shall not be effective unless approved by the Superintendency of Financial
and Foreign Exchange Institutions of the BCRA.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 42.5pt; text-align: justify">In addition, no distributions of earnings
shall be made with the profit resulting from the first time application of IFRS, which shall be included as a special reserve, and the
balance of which as of June 30, 2025 amounts to 185,338,772.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 42.55pt; text-align: justify">Besides, the Entity shall verify
that, once the proposed distribution of earnings is made, capital conservation margin equivalent to 2.5% of the risk-weighted assets is
kept, which is additional to the 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/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 42.55pt; text-align: justify">Pursuant to Communication &quot;A&quot;
8214, the BCRA provided that until December 31, 2025, financial institutions that have the BCRA's prior authorization may distribute earnings
for up to 60% of the amount that would have corresponded to them in ten equal, monthly and consecutive installments (as from June 30,
2025 and not before the next to last business day of the following months). In addition, it established that the items used in determining
the distributable earnings, and the amounts of the abovementioned installments should be computed in constant pesos as of the date of
the Shareholders&#8217; Meeting or as of the payment date of each installment, as applicable. Subsequently, by means of Communication
&quot;A&quot; 8235, the BCRA established that financial institutions that resolve to distribute earnings within the framework of the provisions
of Communication &quot;A&quot; 8214, should grant nonresident shareholders the option to collect their dividends &#8211;in full or in
part&#8211; in a single installment in cash, provided that such funds be directly used for the primary subscription of Bonds for the reconstruction
of a free Argentina (BOPREAL, for its acronym in Spanish) in accordance with current exchange regulations.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Pursuant to the provisions of
General Resolution No. 622 of the CNV, the Shareholders&#8217; Meeting that considers the annual financial statements shall resolve upon
the specific use of accumulated earnings of the Entity.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt">On April 26, 2024, the Ordinary and Extraordinary General
Shareholders&#8217; Meeting was held and the following was approved:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">To earmark 32,908,378 (82,480,849
in restated amounts) of Unappropriated retained earnings for fiscal year 2023 to the Legal Reserve.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">To earmark 131,633,510 (329,923,395
in restated amounts) of Unappropriated retained earnings for fiscal year 2023 to the Optional Reserve for future distribution of earnings.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">To earmark 264,227,685 (584,117,493
in restated amounts) to pay dividends by partially reversing the Optional Reserve for future distribution of earnings.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">To request the BCRA authorization
for paying dividends amounting to 264,227,685 (584,117,493 in restated amounts). </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">On May 3, 2024, the BCRA approved the
distribution of 264,227,685 (584,117,493 in restated values) which were be paid as follows as established by Communications &#8220;A&#8221;
7997 and &#8220;A&#8221; 7999:</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->68<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.4pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Non-resident shareholders: they
were able to opt to collect their dividends in a single installment in cash, provided that such funds be directly used for the primary
subscription of BOPREAL. The payment in BOPREAL was made on the date of the calculation of the bid made by the BCRA. If they opted for
the subscription of BOPREAL, the payment was made in Argentine pesos unless they had stated their intention to receive payment through
the delivery of Argentine Treasury bonds in Argentine pesos adjusted by CER (benchmark stabilization coefficient) at 4.25% maturing on
December 13, 2024 (&#8220;T5X4&#8221;).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.4pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Resident shareholders: it was
paid in Argentine pesos unless they had stated their intention to receive the T5X4 bond. Resident shareholders were not allowed to subscribe
BOPREAL.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Both the payment in T5X4 and in Argentine
pesos were made in three installments on May 14, June 11 and July 11, 2024.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt">On April 23, 2025, the Ordinary and Extraordinary General
Shareholders&#8217; Meeting was held and the following was approved:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">To earmark 70,648,487 (81,314,113
in restated amounts) of Unappropriated retained earnings for fiscal year 2024 to the Legal Reserve.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">To earmark 282,593,950 (325,256,451
in restated amounts) of Unappropriated retained earnings for fiscal year 2023 to the Optional Reserve for future distribution of earnings.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">To earmark 89,413,163 (102,911,791
in restated amounts) to pay dividends by partially reversing the Optional Reserve for future distribution of earnings.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">To request the BCRA authorization
for paying dividends for 89,413,163 (102,911,791 in restated amounts). </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">On May 12, 2025, the BCRA approved
the distribution of 89,413,163 (102,911,791 in restated amounts), which were paid as established by Communications &#8220;A&#8221; 8214
and &#8220;A&#8221; 8235:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.4pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Non-resident shareholders: they
may opt to collect their dividends in a single installment in cash, provided that such funds be directly used for the primary subscription
of BOPREAL. The payment in BOPREAL was made on the date of the calculation of the bid made by the BCRA.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 49.6pt; text-align: justify">If they did not opt for the subscription
of BOPREAL, the payment to nonresident shareholders will be made in Argentine pesos.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.4pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Resident shareholders: payment
to resident shareholders will be made in pesos.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The payment in BOPREAL was made on
June 25, 2025 and on June 30, 2025, installment 1 of 10 was paid to resident shareholders. As of the date of publication of these Consolidated
Financial Statements, installment 2 of 10 has been paid.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt">As of June 30, 2025, the amount of 30,977,476 recorded under
Other nonfinancial liabilities refers to the remaining dividends payable approved by the meeting for fiscal 2024.</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>45. Restricted assets</B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">As of June 30, 2025 and December
31, 2024, the Group has the following restricted assets:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; 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>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 10.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 67%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <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="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Argentine Treasury Bonds adjusted by CER. Maturity 2026</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,148</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,760</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; padding-left: 42pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>5,148</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>6,760</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 60.7pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Also, the Entity has accounts,
deposits 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 355,070,311 and 532,861,094 as of June 30, 2025 and December 31,
2024, respectively (see Note 10). </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>46. Banking deposits
guarantee insurance system</B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; 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/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">That law provided for the incorporation
of the company &#8220;Seguros de Dep&oacute;sitos Sociedad An&oacute;nima&#8221; (SEDESA) for the exclusive purpose of managing the Deposits
Guarantee Fund, the shareholders of which, pursuant to the changes introduced by Decree No. 1292/96, will be the BCRA with at least one
share and the trustees of the trust with financial institutions in the proportion determined by the BCRA for each, based on their contributions
to the Deposit Guarantee Fund.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; 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 25,000 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/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">In August 1995, that company was incorporated,
and the Entity has a 9.6486% share of the corporate stock as of December 31, 2024 (BCRA Communication &#8220;B&#8221; 12955).</P>

<P STYLE="font: 12pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">As of June 30, 2025 and 2024, the contributions
to the Fund have been recorded in the item &#8220;Other operating expenses - Contributions to the deposits guarantee fund&#8221; in the
amounts of 9,660,709 and 5,589,643, respectively.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>47. Minimum cash
and minimum capital requirements</B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; color: #004481"><B>47.1. Minimum cash requirements</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 12pt 0 6pt 28.35pt; text-align: justify">The BCRA establishes different
prudential regulations to be observed by financial institutions, mainly regarding solvency levels, liquidity and credit assistance levels.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; 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:&nbsp;</P>


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146">Balances at the BCRA</FONT></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-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">BCRA - Current account not restricted</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,570,980,951</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">872,015,696</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 10pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">BCRA - Special guarantee accounts - restricted (Note 10)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">152,442,820</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">243,742,657</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 10pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">BCRA &#8211; Special pension accounts - restricted</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">183,007</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,723,606,778</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,115,758,353</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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="width: 66%; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Government securities in pesos &#8211; At fair value through OCI (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 16%; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,099,512,822</FONT></TD>
    <TD STYLE="width: 1%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 16%; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,305,263,437</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Government securities in pesos &#8211; At fair value through profit or loss (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">195,543,570</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Government securities in pesos &#8211;Measured at amortized cost (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">75,425,048</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">184,044,660</FONT></TD>
    </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>4,094,088,218</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3,605,066,450</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 0 28.35pt; text-align: justify">(1) See detail of securities considered
(identified with (1)), as of June 30, 2025, in Exhibit A to the consolidated financial statements.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 0 28.35pt">The balances disclosed are consistent with those reported
by the Bank.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; color: #004481"><B>47.2. Minimum cash requirements </B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 12pt 28.35pt">The regulatory breakdown of minimum capital requirements
is as follows at the above-mentioned dates:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 35.45pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 66%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Minimum capital requirement &#8211; Consolidated basis</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"><B>12.31.24</B></FONT></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="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Credit risk</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(1,093,482,504)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(834,112,977)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Operational risk</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(22,766,287)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(292,272,160)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Market risk</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(26,816,443)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(2,883,887)</FONT></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="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Paid-in</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,529,102,665</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,645,992,152</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Surplus</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,386,037,431</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,516,723,128</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt">&nbsp;</P>


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<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 49.6pt; text-align: justify; text-indent: -21.25pt; color: #072146"><B>48.
Compliance with the provisions to act in the different categories of agent defined by the Argentine Securities Commission</B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 &#8211; Comprehensive (ALyC) under No. 42, respectively.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Section 8 of General Resolution No.
821 of the CNV sets forth that the minimum shareholders&#8217; equity required to operate as ALyC shall be equal to 470,350 UVAs adjusted
by CER, Law No. 25827. As of June 30, 2025, it amounts to 713,911. The Entity&#8217;s shareholders&#8217; equity exceeds the minimum shareholders&#8217;
equity required by said resolution.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Besides, the required minimum contra-account
of 356,956, fifty percent (50%) of the minimum shareholders&#8217; equity amount, includes Argentine Treasury Bonds in pesos adjusted
by CER due 2026 as of June 30, 2025 deposited with the account opened at Caja de Valores S.A., named &#8220;Depositor 1647 Brokerage Account
5446483 BBVA Banco Franc&eacute;s minimum cash contra-account&#8221;.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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&#8217; minimum shareholders&#8217;
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: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 5,725,353 shares of FBA Renta Pesos Fondo Com&uacute;n de Inversi&oacute;n,
in the amount of 827,820, through custody account No. 493-0005459481 held at BBVA Banco Franc&eacute;s S.A. As of June 30, 2025, the company's
Shareholders&#8217; Equity exceeds the minimum amount imposed by the CNV.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">On April 30, 2025, this subsidiary was registered
by the CNV as a comprehensive settlement and clearing agent (ALyC) under section 12, Chapter II, Title VII, of CNV regulations (as amended
in 2013), under No. 2,474. Consequently, it must have a minimum shareholders&#8217; equity equivalent to 470,350 UVA adjustable by CER
&#8211; Law No. 25,827 and a minimum liquid amount earmarked for the contra account of fifty percent (50%) of the minimum shareholders&#8217;
equity. In the particular case of the Company, the minimum shareholders&#8217; equity required to act as comprehensive settlement and
clearing agent is higher, and to this, 50% of the minimum shareholders&#8217; equity required to act as collective investment products
(mutual funds) management agent is added, resulting in a total minimum shareholders&#8217; equity of 705,350 UVA, which is lower than
the Bank&#8217;s shareholders&#8217; equity.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">In accordance with the foregoing, the
subsidiary complies with both requirements as of the date of presentation of these consolidated financial statements.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 56.7pt; text-align: justify; text-indent: -28.35pt; color: #072146"><B>49.
Compliance with the provisions of the Argentine Securities Commission &#8211; Documentation</B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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&#8217;s registered office. (2013 consolidated text and amendments).</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #072146"><B>50. Trust activities</B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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.&#8217;s senior liabilities under the terms of section
35 bis 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 June 30, 2025 and December 31, 2024, the assets of Diagonal Trust amount to 2,427 and 2,794, respectively, considering
their recoverable values.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 4,808 as of June 30, 2025 and December 31, 2024, respectively.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 2,854,374
and 2,866,815 as of June 30, 2025 and December 31, 2024, respectively, and consist of cash, creditors' rights, real estate and shares.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #072146"><B>51. Mutual funds</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">As of June 30, 2025 and December 31,
2024, the Entity holds in custody, as Custodian Agent of Mutual Funds managed by BBVA Asset Management Argentina S.A.U. Sociedad Gerente
de Fondos Comunes de Inversi&oacute;n, time deposit certificates, shares, corporate bonds, government securities, mutual funds, deferred
payment checks, BCRA instruments, Buenos Aires City Government Bills, ADRS, Buenos Aires Province Government Bills for 1,534,340,123
and 2,124,809,434, which are part of the mutual fund portfolio and are recorded in debit balance memorandum accounts &#8220;Control &#8211;
Other.&#8221;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The Mutual Fund assets are as follows:</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 67%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Mutual funds</B></FONT></TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; background-color: white">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">FBA Renta Pesos</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,876,643,598</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,973,081,842</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">FBA Ahorro Pesos</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">161,217,252</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">141,931,621</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">FBA Renta Fija D&oacute;lar I</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">147,701,626</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">102,009,716</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">FBA Acciones Argentinas</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">83,438,201</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">143,509,184</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">FBA Horizonte</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">55,024,387</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">26,399,375</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">FBA Bonos Argentina</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">39,136,496</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">28,282,442</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">FBA Renta Fija Plus</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">29,714,170</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">44,035,921</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">FBA Renta Mixta</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">13,120,674</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">20,177,861</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">FBA Renta P&uacute;blica I</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,039,177</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,960,562</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">FBA Acciones Latinoamericanas</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,121,785</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,969,077</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">FBA Renta Fija D&oacute;lar Plus I </FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,109,976</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">FBA Money Market D&oacute;lar</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,031,977</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">FBA Bonos Globales</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,886</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,091</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">FBA Horizonte Plus</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,897</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,808</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">FBA Retorno Total I</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,282</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,345</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">FBA Gesti&oacute;n I</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">338</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">373</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: #004481 1pt solid; border-bottom: #004481 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>3,438,322,722</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: #004481 1pt solid; border-bottom: #004481 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>3,497,385,218</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 7pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 92.1pt; text-align: center; text-indent: -63.75pt">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; color: #072146"><B>52. Penalties and administrative proceedings
instituted by the BCRA</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">According to the requirements of Communication
&#8220;A&#8221; 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: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; color: #004481"><B>Administrative proceedings commenced
by the BCRA</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 25.05pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 25.05pt; text-align: justify"><B>&#8220;Banco Franc&eacute;s S.A.
over breach of Law 19.359.&#8221; </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: Julio Lopez, Marcelo Canestri, Humberto Daniel De Luca, Mario Daniel Breno, Agust&iacute;n Garicia, Gustavo Pedro Vitale,
Eduardo Carlos Hombre, Ana Mercedes Pacheco, Carlos Alberto Klapproth, Ernesto Salgado, Adriana Lilian Olmedo, Estrella Blanca Fernandez,
Francisco Meringolo, Daniela Vanesa Guevara, Marcelo Mozillo, Cintia Tamara Ortiz, Maria Elena Fridman, Maria Antonia Cejo Rial, Carlos
Alberto Gonzalez, Johana Andrea Frezza, Haroldo Daniel Gramajo and Andrea Patricia Ramirez, who served in the capacities described below
at the date when the breaches were committed: (i) two Territory Managers, (ii) four Branch Managers, (iii) four Heads of Back-Office
Management and (iv) twelve cashiers. On August 21, 2014, the court acquitted the individuals/entities above from all charges. The General
Attorney&#8217;s Office filed an appeal and Room A of the Appellate Court with jurisdiction over Criminal and Economic Matters confirmed
the Bank&#8217;s and the involved officers&#8217; acquittal from all charges. The General Attorney&#8217;s Office filed an Extraordinary
Appeal, which was granted and as of the date of these financial statements is being heard by the Argentine Supreme Court of Justice.
The case has been called for resolution. The case has been called for resolution.</P>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 25.05pt; text-align: justify"></P>


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<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 25.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Symbol; font-size: 9pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><B>&#8220;Banco Franc&eacute;s S.A. over breach of Law
19.359.&#8221; </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 &#8220;A&#8221; 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 &#8220;A&#8221; 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$ 592,000, while imposing fines to the individuals involved for the aggregate amount of US$ 518,766
and Euro 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. On February 21, 2024, we were notified that the Argentine Supreme Court of Justice rejected the extraordinary appeal filed,
declaring its inadmissibility. Therefore, the decision made by the Federal Court is final and is considered to be <I>res judicata</I>.</FONT></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 49.95pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/120% Lucida Sans; margin: 0 0 0 28.35pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><B>&#8220;Banco Franc&eacute;s S.A. over breach of Law
19.359.&#8221; </B>Administrative Proceedings for Foreign Exchange Offense initiated by the BCRA, notified on July 26, 2013 and identified
under No. 5406, File No. 100443/12 where charges are concerned with fake foreign exchange transactions through false statements upon processing
thereof incurred by personnel in Branch 087 - Salta -, which would entail a failure to comply with the costumer identification requirements
imposed by foreign exchange rules and regulations through Communication &#8220;A&#8221; 3471, Paragraph 6. The individuals/entities subject
to these proceedings were Banco BBVA Argentina S.A. and the following Bank officers who served in the capacities described below at the
date when the breaches were committed: (i) the Branch Manager (ii) the Back Office Management Head, (iii) the Main Cashier and (iv) two
cashiers. The trial period came to a close and the BCRA must send the file to Salta&#8217;s Federal Court. As of the date hereof, the
case file has not been sent to court.</FONT></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 25.05pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Symbol; font-size: 9pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT> <FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><B>&#8220;Banco Franc&eacute;s S.A. over breach of Law
19.359.&#8221; </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 &#8220;Professional
and technical business services&#8221; for ROCA ARGENTINA S.A. against the applicable exchange regulations (Communications &#8220;A&#8221;
3471, &#8220;A&#8221; 3826 and &#8220;A&#8221; 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 (Alejandro Chiarad&iacute;a) and (ii) an officer of the Area (Horacio Perotti).
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 &#8220;A&#8221; 5264, whereby the restriction on foreign trade transactions
was removed, the payment of services abroad was reinstated.</FONT></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 25.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/120% Lucida Sans; margin: 0 0 0 28.35pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><B>Banco BBVA ARGENTINA S.A. Financial summary proceedings
initiated by the B.C.R.A. </B>Notified on June 28, 2021 and identified under No. 1587, file No. 388/55/21. 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&#8217;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. On September 14, 2023, the Resolution of the BCRA was notified, confirming
the initial charges and rejecting the defenses regarding the interpretation of the regulation and the inexistence of intraday financing
due to the way the proceeds from collections operate. Therefore, the breach of the regulations was considered to be proven and a fine
was imposed. The amount in pesos of the fines applied is detailed below. Banco BBVA Argentina S.A. $24,000,000. Board of Directors: Oscar
Castro $2,591,589 Gabriel Milstein $ 2,591,589, Isabel Goiri $2,565,930 Adriana Melero $ 2,565,930, Jorge Luna $2,565,930, Alfredo Castillo
$ 2,565,930, Juan Manuel Ballesteros $2,565,930. Employees: Carlos Elizalde $1,710,620, Nicol&aacute;s Bohtlingk $1,710,620, Dar&iacute;o
Berkman $1,710,620, Jos&eacute; Fornieles $855,310. TOTAL $47,999,998. The resolution that imposed the fine was upheld, the legal costs
were paid, and the case was considered closed. </FONT></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Symbol; font-size: 9pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp; </FONT><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt"><B>BBVA
ARGENTINA S.A. Financial summary proceedings for Foreign Exchange Offence 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; &#8220;A&#8221; 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
procedural status of the case is with the presentation of pleadings. With regard to transactions by individuals, in May the application
of the principle of non-retroactivity of the more lenient criminal law was proposed by virtue of Communication &#8220;A&#8221; 8226 of
the BCRA, dated April 11, 2025.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->76<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 BBVA Benton Sans Book,serif; margin: 0.05pt 2.45pt 0.05pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; color: #072146"><B>53. Subsequent Events</B></P>

<P STYLE="font: 12pt/115% BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">No events or transactions have occurred
between period-end and the date of these interim condensed consolidated financial statements which may significantly affect the Entity's
financial position or results of operations as of June 30, 2025.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify"><FONT STYLE="color: #072146"><B>54.
</B></FONT><B><FONT STYLE="color: #072046">Accounting principles &#8211; Explanation added for translations into <FONT STYLE="letter-spacing: -0.1pt">English</FONT></FONT></B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->77<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0 0 0 1.5in; text-align: right"><B>EXHIBIT A</B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>BREAKDOWN OF GOVERNMENT AND PRIVATE
SECURITIES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025 AND DECEMBER 31,
2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 54)</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 5pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="font-size: 5pt; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>HOLDING</B></FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-size: 5pt; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>POSITION</B></FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; vertical-align: bottom; width: 42%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom; width: 7%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; width: 7%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; width: 5%; border-top: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; width: 7%; border-top: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accounting</B></FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom; width: 1%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; width: 7%; border-top: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accounting</B></FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom; width: 1%; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; width: 7%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom; width: 7%; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom; width: 7%; border-top: black 1pt solid; text-align: center; line-height: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Account
    </B></FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Identification</B></FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Fair</B></FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Fair
    value</B></FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Position
    with</B></FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Financial</B></FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>value</B></FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>level</B></FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12.31.24</B></FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>no
    options</B></FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Options</B></FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>position</B></FONT></TD></TR>
  <TR STYLE="font-size: 5pt; vertical-align: bottom">
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>DEBT
    SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS</B></FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 5pt; vertical-align: bottom">
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Local:</B></FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Government
    Securities - In pesos</B></FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 5pt; vertical-align: bottom">
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 07-10-2025 (1)</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9336</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">101,200,000</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">101,200,000</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">101,200,000</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">101,200,000</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 08-29-2025 (1)</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9296</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">65,647,193</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">65,647,193</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">65,647,193</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">65,647,193</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bond Capitalizable in Pesos. Maturity 01-30-2026</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9316</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">34,561,019</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">34,561,019</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">34,561,019</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">34,561,019</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 09-12-2025 (1)</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9301</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">30,020,000</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">30,020,000</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">30,020,000</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">30,020,000</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bill Capitalizable in Pesos at TAMAR rate. Maturity 07-31-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9330</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">27,284,250</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">27,284,250</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">27,284,250</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">27,284,250</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 05-29-2026</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9333</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">20,608,136</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">20,608,136</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">20,608,136</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">20,608,136</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bond in Pesos at Dual rate. Maturity&nbsp;&nbsp;09-15-2026</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9321</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">16,051,632</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">16,051,632</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">16,051,632</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">16,051,632</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bond in Pesos at Dual rate. Maturity&nbsp;&nbsp;12-15-2026</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9323</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">14,329,057</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">14,329,057</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">14,329,057</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">14,329,057</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Treasury
    Bonds in Pesos adjusted by Cer 0%. Maturity&nbsp;&nbsp;10-31-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9312</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9,030,601</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9,030,601</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">8,534,381</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9,030,601</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9,030,601</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 08-15-2025 (1)</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9308</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">8,464,740</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">8,464,740</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,521,954</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">8,464,740</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">8,464,740</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Treasury
    Bonds in Pesos adjusted by Cer. Maturity&nbsp;&nbsp;03-31-2026</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9257</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,130,817</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,130,817</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">13,533,296</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,130,817</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,130,817</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 07-31-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9305</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,668,631</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,668,631</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,668,631</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,668,631</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bond Capitalizable in Pesos. Maturity 12-15-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9310</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,416,546</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,416,546</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,416,546</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,416,546</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 11-28-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9326</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,074,308</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,074,308</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,074,308</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,074,308</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bond in Pesos at Fixed Rate. Maturity&nbsp;&nbsp;05-30-2030</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9334</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">680,625</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">680,625</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">680,625</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">680,625</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Treasury
    Bonds in Pesos adjusted by Cer 2%. Maturity&nbsp;&nbsp;11-09-2026</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">5925</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">299,841</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">299,841</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">299,841</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">299,841</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Treasury
    Bonds in Pesos adjusted by Cer 0%. Maturity&nbsp;&nbsp;12-15-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9248</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">292,690</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">292,690</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,176,442</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">292,690</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">292,690</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bond Capitalizable in Pesos. Maturity 06-30-2026</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9318</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">211,475</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">211,475</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">211,475</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">211,475</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Treasury
    Bonds in Pesos adjusted by Cer. Maturity&nbsp;&nbsp;06-30-2027</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9241</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">117,064</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">117,064</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">117,064</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">117,064</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bond Capitalizable in Pesos. Maturity 10-17-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9309</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">111,813</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">111,813</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">111,813</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">111,813</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bond in Pesos adjusted by CER. Maturity 06-30-2026</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9240</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">103,850</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">103,850</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">103,850</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">103,850</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Treasury
    Bill Capitalizable in Pesos. Maturity 08-29-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9324</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">53,601</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">53,601</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">240,021</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">53,601</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">53,601</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 05-16-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9300</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">52,509,977</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bond Capitalizable. Maturity&nbsp;&nbsp;02-13-2026</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9314</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">7,678,334</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 02-28-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9253</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">4,526,694</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 04-28-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9303</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,700,973</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 01-17-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9283</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,355,272</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 05-30-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9304</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,326,559</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 01-31-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9251</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,210,148</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 02-14-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9297</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,084,148</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 04-16-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9299</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,377,174</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 03-14-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9298</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">517,396</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 06-30-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9295</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">163,439</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bond in Pesos adjusted by CER 4.25%. Maturity 02-14-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9179</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">91,520</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 03-31-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9256</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">31,623</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="font-size: 5pt; vertical-align: bottom">
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">Subtotal
    Government Securities - In pesos</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">336,357,889</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">336,357,889</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">105,579,351</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">336,357,889</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">336,357,889</FONT></TD></TR>
  <TR STYLE="font-size: 5pt; vertical-align: bottom">
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Government
    Securities &#8211; In foreign currency</B></FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 5pt; vertical-align: bottom">
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Argentine
    Treasury Bills in USD Zero Coupon. Maturity 01-16-2026</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9327</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">128,419,434</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">128,419,434</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">128,419,434</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">128,419,434</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">AL30
    Bond Local Law USD Step Up. Maturity 07-09-2030</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">5921</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">62,175</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">62,175</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">76,216</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">62,175</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">62,175</FONT></TD></TR>
  <TR STYLE="font-size: 5pt; vertical-align: bottom">
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">Subtotal
    Government Securities &#8211; In foreign currency</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">128,481,609</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">128,481,609</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">76,216</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">128,481,609</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">128,481,609</FONT></TD></TR>
  <TR STYLE="font-size: 5pt; vertical-align: bottom">
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>BCRA
    Bills - In pesos</B></FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 5pt; vertical-align: bottom">
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Fiscal
    Liquidity Bill (LEFI). Maturity 07-17-2025</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9285</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">158,751,185</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">158,751,185</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">158,751,185</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">158,751,185</FONT></TD></TR>
  <TR STYLE="font-size: 5pt; vertical-align: bottom">
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 5pt">
    <TD STYLE="font-size: 5pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">Subtotal
    BCRA Bills - In pesos</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">158,751,185</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">158,751,185</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="font-size: 5pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">158,751,185</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="font-size: 5pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">158,751,185</FONT></TD></TR>
  <TR STYLE="font-size: 5pt; vertical-align: bottom">
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">&nbsp;</P>


<!-- Field: Page; Sequence: 79 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->78<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right"><B>EXHIBIT A</B></P>

<P STYLE="font: 7pt/7pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146">(Continued)</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>BREAKDOWN OF GOVERNMENT AND PRIVATE
SECURITIES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025 AND DECEMBER 31,
2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 54)</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>HOLDING</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>POSITION</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 44%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; border-top: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accounting</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: #072146 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accounting</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 5%; border-top: #072146 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%; border-top: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Account
    </B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Identification</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Fair</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Fair
    value</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Position
    with</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Financial</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>value</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>level</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12.31.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>no
    options</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Options</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>position</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>DEBT
    SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS (Continued)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>BCRA
    Notes -&nbsp;&nbsp;In foreign currency</B></FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Bonds
    for the Reconstruction of a Free Argentina - CLASS 1 - Maturity 10-31-2027 (Series C)</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9236</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">446,240</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">446,240</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">446,240</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">446,240</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Bonds
    for the Reconstruction of a Free Argentina - CLASS 4 - Maturity 10-31-2028</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9335</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">257,079</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">257,079</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">257,079</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">257,079</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">Subtotal
    BCRA Notes -&nbsp;&nbsp;In foreign currency</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">703,319</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">703,319</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">703,319</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">703,319</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Private
    Securities - In foreign currency</B></FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Corporate
    Bond 360 Energy Solar S.A. Series 5 in USD at a fixed rate. Maturity 05-09-2027</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">58483</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">67,346</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">67,346</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">67,346</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">67,346</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">Subtotal
    Private Securities - In foreign currency</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">67,346</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">67,346</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">67,346</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">67,346</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL
    DEBT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS</B></FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>624,361,348</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>624,361,348</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>105,655,567</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>624,361,348</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>624,361,348</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>OTHER
    DEBT SECURITIES </B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>MEASURED
    AT FAIR VALUE THROUGH OCI</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Local:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Government
    Securities - In pesos</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Treasury
    Bonds in Pesos adjusted by Cer. Maturity&nbsp;&nbsp;03-31-2026 (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9257</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">472,227,231</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">472,227,231</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">454,524,005</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">472,227,231</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">472,227,231</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Treasury
    Bonds in Pesos adjusted by Cer 0%. Maturity&nbsp;&nbsp;12-15-2025 (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9248</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">290,050,641</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">290,050,641</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">282,631,307</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">290,050,641</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">290,050,641</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bond in Pesos at Dual rate. Maturity&nbsp;&nbsp;12-15-2026 (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9323</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">232,859,358</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">232,859,358</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">232,859,358</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">232,859,358</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bond in Pesos at Dual rate. Maturity&nbsp;&nbsp;06-30-2026 (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9320</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">205,007,827</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">205,007,827</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">205,007,827</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">205,007,827</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bond in Pesos at Dual rate. Maturity&nbsp;&nbsp;03-16-2026 (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9319</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">204,472,910</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">204,472,910</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">204,472,910</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">204,472,910</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bond in Pesos at Dual rate. Maturity&nbsp;&nbsp;09-15-2026 (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9321</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">199,065,051</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">199,065,051</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">199,065,051</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">199,065,051</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Treasury
    Bonds in Pesos adjusted by Cer 0%. Maturity&nbsp;&nbsp;12-15-2026 (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9249</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">169,427,401</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">169,427,401</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">164,742,351</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">169,427,401</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">169,427,401</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 07-31-2025 (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9305</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">134,659,501</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">134,659,501</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">178,908,982</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">134,659,501</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">134,659,501</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Treasury
    Bonds in Pesos adjusted by Cer. Maturity&nbsp;&nbsp;10-30-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9313</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">87,464,023</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">87,464,023</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">87,464,023</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">87,464,023</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 11-10-2025 (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9324</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">82,600,874</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">82,600,874</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">82,600,874</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">82,600,874</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Treasury
    Bonds in Pesos adjusted by Cer 2%. Maturity&nbsp;&nbsp;11-09-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">5925</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">50,574,883</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">50,574,883</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">7,110,671</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">50,574,883</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">50,574,883</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bond Capitalizable in Pesos. Maturity 12-15-2025 (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9310</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">47,232,000</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">47,232,000</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">151,639,968</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">47,232,000</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">47,232,000</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 10-31-2025 (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9315</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">33,544,000</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">33,544,000</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">33,544,000</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">33,544,000</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Treasury
    Bonds in Pesos adjusted by Cer 0%. Maturity&nbsp;&nbsp;06-30-2026 (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9240</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">28,366,028</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">28,366,028</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">30,442,525</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">28,366,028</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">28,366,028</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 02-28-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9253</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">285,538,538</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 03-31-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9256</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">283,257,040</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 04-16-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">9299</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">186,759,755</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">Argentine
    Treasury Bond Capitalizable in Pesos. Maturity 10-17-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">9309</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">147,574,750</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 09-30-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9306</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">74,266,178</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 06-18-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9288</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">73,546,823</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 02-14-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9297</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">66,842,437</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 03-14-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9298</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">40,675,191</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 08-29-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9296</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">37,492,766</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 09-12-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9301</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">37,492,766</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 06-30-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9295</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">36,284,250</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 05-30-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9304</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">34,399,541</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Treasury
    Bonds in Pesos adjusted by Cer 4.25%. Maturity 02-14-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9180</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">21,501,304</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Treasury
    Bonds in Pesos adjusted by Cer 0%. Maturity&nbsp;&nbsp;06-30-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9244</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">6,923,069</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 01-31-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9251</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">965,662</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">Subtotal
    Government Securities - In pesos</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">2,237,551,728</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">2,237,551,728</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">2,603,519,879</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">2,237,551,728</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">2,237,551,728</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Government
    Securities &#8211; In foreign currency</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bills in USD Zero Coupon. Maturity 01-16-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9327</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">85,158,719</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">85,158,719</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">85,158,719</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">85,158,719</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">Subtotal
    Government Securities &#8211; In foreign currency</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">85,158,719</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">85,158,719</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">85,158,719</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">85,158,719</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right"><B>EXHIBIT A</B></P>

<P STYLE="font: 7pt/7pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146">(Continued)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>BREAKDOWN OF GOVERNMENT AND PRIVATE
SECURITIES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025 AND DECEMBER 31,
2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 54)</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>HOLDING</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>POSITION</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 44%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; border-top: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accounting</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: #072146 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accounting</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 5%; border-top: #072146 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%; border-top: #072146 1pt solid; text-align: center; line-height: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Account
    </B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Identification</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Fair</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Fair
    value</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Position
    with</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Financial</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>value</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>level</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12.31.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>no
    options</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Options</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>position</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>OTHER
    DEBT SECURITIES (Continued)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>BCRA
    Notes -&nbsp;&nbsp;In foreign currency</B></FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Bonds
    for the Reconstruction of a Free Argentina - CLASS 1 - Maturity 10-31-2027 (Series C)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9236</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">12,638,227</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Bonds
    for the Reconstruction of a Free Argentina - CLASS 1 - Maturity 10-31-2027 (Series D)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9237</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">12,396,998</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Bonds
    for the Reconstruction of a Free Argentina - CLASS 1 - Maturity 10-31-2027 (Series A)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9234</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9,064,752</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Bonds
    for the Reconstruction of a Free Argentina - CLASS 1 - Maturity 10-31-2027 (Series B)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9235</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">8,599,665</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">Subtotal
    BCRA Notes -&nbsp;&nbsp;In foreign currency</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">42,699,642</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Private
    Securities - In pesos</B></FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond Fiat Compa&ntilde;&iacute;a Financiera Series 20 in Pesos. Maturity 03-01-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">58274</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,957,718</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,957,718</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,328,593</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,957,718</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,957,718</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond New San S.A. in Pesos Series 21 Private BADLAR. Maturity 05-09-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">57750</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">196,921</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond Refi Pampa Series 2 in Pesos Uva. Maturity 05-06-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">56123</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">124,609</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond New San S.A. in Pesos Series 20 Private BADLAR. Maturity 02-01-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">57557</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">312,954</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond Bco de Serv. Financieros Series 24 in Pesos at Floating Rate. Maturity 02-02-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">57560</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">245,353</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">Subtotal
    Private Securities - In pesos</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">1,957,718</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">1,957,718</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">3,208,430</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">1,957,718</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">1,957,718</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Private
    Securities - In foreign currency</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond Luz De Tres Picos 4 in USD. Maturity 09-29-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">56467</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,344,615</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,344,615</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,318,956</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,344,615</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,344,615</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond Petroquimica Comodoro Rivadavia Series R in USD. Maturity 10-22-2028</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">58155</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,788,185</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,788,185</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,934,271</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,788,185</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,788,185</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond Empresa de Gas del Sur (EMGASUD) S.A. Series 48 in USD. Maturity 03-05-2028</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">58507</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,785,199</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,785,199</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,785,199</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,785,199</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond 360 Energy Solar S.A. Series 4 in USD at a fixed rate. Maturity 10-30-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">58187</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,537,427</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,537,427</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,070,437</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,537,427</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,537,427</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond Empresa de Gas del Sur (EMGASUD) S.A. Series 39 in USD. Maturity 07-14-2028</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">57194</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,536,099</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,536,099</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,369,382</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,536,099</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,536,099</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond Minera EXAR Series 1 in USD. Maturity 11-11-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">58210</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,159,949</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,159,949</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,437,534</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,159,949</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,159,949</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond Vista Energy Series 20 in USD. Maturity 07-20-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">57081</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,976,143</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,976,143</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,005,313</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,976,143</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,976,143</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond CAPEX S.A. Series 10 US$ Maturity 07-05-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">57880</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,939,000</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,939,000</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,898,222</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,939,000</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,939,000</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond CAPEX S.A. Series 11 US$ Maturity 06-17-2028</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">58728</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,791,125</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,791,125</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,791,125</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,791,125</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond John Deere Credit Cia Financiera S.A. Series X US$ Maturity 03-08-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">57639</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,183,972</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,183,972</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,171,112</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,183,972</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,183,972</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond Petroquimica Comodoro Rivadavia Series O in USD. Maturity 09-22-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">57379</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,098,176</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,098,176</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,164,007</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,098,176</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,098,176</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond Ledesma Series 15 US$ at fixed rate. Maturity 10-04-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">58426</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">327,131</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">327,131</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">327,131</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">327,131</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond Vista Energy Series 23 in USD. Maturity 03-06-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">57636</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">4,815,726</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond Tecpetrol S.A. Series 7 in USD. Maturity 04-22-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">57709</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,589,030</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond YPF Series 32 in USD. Maturity 10-10-2028</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">58129</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,504,910</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond YPF Series 29 in USD. Maturity 05-28-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">57774</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,388,805</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond Empresa de Gas del Sur (EMGASUD) S.A. Series 39 in USD. Maturity 03-08-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">57644</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,358,704</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond YPF Series 33 in USC Maturity 10-10-2028</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">58130</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,780,413</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Corporate
    Bond Pampa Energia S.A. Series 20 in USC Maturity 03-26-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">57682</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,209,026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">Subtotal
    Private Securities - In foreign currency</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">24,467,021</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">24,467,021</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">40,015,848</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">24,467,021</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">24,467,021</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL
    DEBT SECURITIES AT FAIR VALUE THROUGH OCI</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,349,135,186</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,349,135,186</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,689,443,799</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,349,135,186</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,349,135,186</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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


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    <!-- Field: /Page -->

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0 0 0 1.5in; text-align: right; text-indent: 0.5in"><B>EXHIBIT A</B></P>

<P STYLE="font: 7pt/7pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146">(Continued)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>BREAKDOWN OF GOVERNMENT AND PRIVATE
SECURITIES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025 AND DECEMBER 31,
2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 54)</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 1pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 1pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 1pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 1pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 1pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: justify; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>HOLDING</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>POSITION</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 42%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; border-top: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accounting</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: #072146 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accounting</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; border-top: #072146 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-top: #072146 1pt solid; text-align: center; line-height: 5pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Account
    </B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Identification</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Fair</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Fair
    value</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Position
    with</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Financial</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>value</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>level</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12.31.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>no
    options</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Options</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>position</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>OTHER
    DEBT SECURITIES (Continued)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>MEASURED
    AT AMORTIZED COST</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Government
    Securities - In pesos</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bonds in Pesos. Maturity 08-23-2025 (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9196</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">49,214,310</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">49,034,282</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">144,437,561</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">49,034,282</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">49,034,282</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bonds in Pesos. Maturity 05-23-2027 (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9132</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">16,078,557</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">16,019,595</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">27,668,789</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">16,019,595</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">16,019,595</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Argentine
    Treasury Bonds in Pesos at Private Badlar Rate 0.7%. Maturity 11-23-2027 (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9166</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">10,371,752</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">10,371,171</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">11,938,310</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">10,371,171</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">10,371,171</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">Subtotal
    Government Securities - In pesos</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">75,664,619</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">75,425,048</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">184,044,660</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">75,425,048</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">75,425,048</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #072146 1pt solid; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #072146 1pt solid; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #072146 1pt solid; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #072146 1pt solid; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #072146 1pt solid; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #072146 1pt solid; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #072146 1pt solid; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL
    SECURITIES AT AMORTIZED COST</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>75,664,619</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>75,425,048</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>184,044,660</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>75,425,048</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>75,425,048</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL
    OTHER DEBT SECURITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,424,799,805</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,424,560,234</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,873,488,459</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,424,560,234</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,424,560,234</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>EQUITY
    INSTRUMENTS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>MEASURED
    AT FAIR VALUE THROUGH PROFIT OR LOSS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Local:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Private
    Securities - In pesos</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Share
    BYMA- Bolsas y Mercados Argentina</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,931,368</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,931,368</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">6,978,256</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,931,368</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,931,368</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Share
    Banco de Valores de Bs. As.</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,456,556</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,456,556</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,408,038</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,456,556</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,456,556</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">Subtotal
    Private Securities - In pesos</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">6,387,924</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">6,387,924</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">9,386,294</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">6,387,924</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">6,387,924</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL
    EQUITY INSTRUMENTS MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>6,387,924</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>6,387,924</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>9,386,294</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>6,387,924</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>6,387,924</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>MEASURED
    AT FAIR VALUE THROUGH OCI</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Local:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Private
    Securities - In pesos</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">A3
    Mercados S.A. (former Mercado Abierto Electr&oacute;nico S.A.)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,501,911</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,501,911</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,164,532</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,501,911</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,501,911</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Compensadora
    Electr&oacute;nica S.A.</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,100,954</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,100,954</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,804,901</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,100,954</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,100,954</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Seguro
    de Dep&oacute;sitos S.A.</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">308,770</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">308,770</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">308,770</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">308,770</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">308,770</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Other</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">10,681</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">10,681</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">17,306</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">10,681</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">10,681</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">Subtotal
    Private Securities - In pesos</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">7,922,316</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">7,922,316</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">4,295,509</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">7,922,316</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">7,922,316</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Foreign:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Private
    Securities - In foreign currency</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Banco
    Latinoamericano de Exportaciones S.A.</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">973,091</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">973,091</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">847,082</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">973,091</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">973,091</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Other</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">45,183</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">45,183</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">39,724</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">45,183</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">45,183</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">Subtotal
    Private Securities - In foreign currency</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">1,018,274</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">1,018,274</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">886,806</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">1,018,274</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">1,018,274</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL
    EQUITY INSTRUMENTS MEASURED AT FAIR VALUE THROUGH OCI</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>8,940,590</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>8,940,590</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>5,182,315</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>8,940,590</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>8,940,590</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL
    EQUITY INSTRUMENTS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>15,328,514</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>15,328,514</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>14,568,609</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>15,328,514</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>15,328,514</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: justify; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: justify; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: justify; color: #072146">(1) It represents securities fully
or partially computed for minimum cash requirements as of June 30, 2025, Note 47.1 to the consolidated financial statements.</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: justify; color: #072146">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right"><B>EXHIBIT B</B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center"><B>CLASSIFICATION OF LOANS AND OTHER FINANCING ACCORDING
TO FINANCIAL PERFORMANCE AND GUARANTEES RECEIVED CONSOLIDATED WITH SUBSIDIARIES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center"><B>AS OF JUNE 30, 2025 AND DECEMBER 31, 2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 54)</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Account</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 55%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>COMMERCIAL PORTFOLIO</B></FONT></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></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Normal performance</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>5,182,959,926</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>4,219,102,039</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &#8220;A&#8221;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">7,100,013</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">10,562,118</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &#8220;B&#8221;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">12,556,372</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">13,831,722</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">5,163,303,541</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,194,708,199</FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>With special follow up</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,199,617</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Under observation</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,199,617</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,199,617</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Troubled</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3,905,761</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3,835,035</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,905,761</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,835,035</FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>With high risk of insolvency</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,123,432</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>397,473</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &#8220;B&#8221;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">314</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,123,432</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">397,159</FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Uncollectible</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>83,537</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>33,516</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">83,537</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">33,516</FONT></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="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&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="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>5,190,272,273</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>4,223,368,063</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>


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<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; text-indent: 8.5in"><B>EXHIBIT B</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right">(Continued)</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center"><B>CLASSIFICATION OF LOANS AND OTHER FINANCING ACCORDING
TO FINANCIAL PERFORMANCE AND GUARANTEES RECEIVED</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center"><B>CONSOLIDATED WITH SUBSIDIARIES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center"><B>AS OF JUNE 30, 2025 AND DECEMBER 31, 2024 </B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 54)</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Account</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 55%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>CONSUMER AND HOUSING PORTFOLIO</B></FONT></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></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Normal performance</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>6,004,901,618</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>4,777,879,927</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &#8220;A&#8221;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,309,191</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,259,551</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &#8220;B&#8221;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">676,472,982</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">478,636,910</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">5,327,119,445</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,297,983,466</FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Low risk</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>182,003,113</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>67,802,607</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &#8220;B&#8221;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9,819,800</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">6,678,755</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">172,183,313</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">61,123,852</FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Low risk &#8211; with special follow-up</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3,419,066</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,695,446</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,419,066</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,695,446</FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Medium risk</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>174,051,138</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>52,883,336</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &#8220;B&#8221;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,885,950</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,029,059</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">171,165,188</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">51,854,277</FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>High risk</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>78,564,489</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>40,666,469</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &#8220;A&#8221;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">236</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &#8220;B&#8221;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">7,322,262</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,185,158</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">71,241,991</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">38,481,311</FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Uncollectible</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>8,196,094</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>5,475,563</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &#8220;A&#8221;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">108</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">124</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &#8220;B&#8221;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,446,107</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">683,106</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">6,749,879</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,792,333</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&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="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>6,451,135,518</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>4,947,403,348</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&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="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>GRAND TOTAL</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>11,641,407,791</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>9,170,771,411</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 1pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>


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    <!-- Field: /Page -->

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

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>EXHIBIT C</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONCENTRATION OF LOANS AND OTHER
FINANCING</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025 AND DECEMBER 31,
2024 </B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 54)</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 36%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 15%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 15%; border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>% over</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 15%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 15%; border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>% over</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Number of customers</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Debt</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>total</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Debt</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>balance</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>portfolio</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>balance</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>portfolio</B></FONT></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="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">10 largest customers</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,510,654,527</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">12.98 %</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,234,931,967</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">13.47 %</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">50 following largest customers</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,469,757,582</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">12.63 %</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,150,219,887</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">12.54 %</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">100 following largest customers</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">975,619,564</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">8.38 %</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">702,215,627</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">7.66 %</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">All other customers</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">7,685,376,118</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">66.01 %</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">6,083,403,930</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">66.33 %</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL </B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>11,641,407,791</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>100.00 %</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>9,170,771,411</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>100.00 %</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 1pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">&nbsp;</P>


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    <!-- Field: /Page -->

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

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>EXHIBIT D</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>BREAKDOWN BY TERM OF LOANS AND
OTHER FINANCING</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.) (1)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 54)</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Terms
    remaining to maturity</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 27%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Portfolio
    </B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>6</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>more
    than </B></FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>&nbsp;&nbsp;&nbsp;ACCOUNT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>due</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>month</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Non-financial
    Government sector</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,665,322</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">8,516</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">12,774</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">25,548</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">51,096</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,258</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black"><B>3,767,514</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Financial
    Sector</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">36,442,158</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">16,830,707</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">19,523,643</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">59,317,317</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">102,268,844</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,964,057</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black"><B>236,346,726</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Non-financial
    Private Sector and Residents Abroad</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">241,861,551</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,145,380,507</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,787,295,082</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,891,221,640</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,461,574,498</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,437,593,577</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,845,719,580</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black"><B>13,810,646,435</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: center; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>241,861,551</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>4,185,487,987</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,804,134,305</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,910,758,057</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,520,917,363</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,539,913,517</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,847,687,895</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>14,050,760,675</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1)
    These balances are total contractual flows and, therefore, include principal, accrued and to be accrued interest and charges.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>BREAKDOWN BY TERM OF LOANS AND
OTHER FINANCING</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF DECEMBER 31, 2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.)(1)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 54)</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Terms
    remaining to maturity</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 26%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Portfolio
    </B></FONT></TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>6</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>more
    than </B></FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>ACCOUNT</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>due</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>month</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Non-financial
    Government sector</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,059,681</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9,802</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">14,702</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">29,405</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">58,810</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">34,306</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black"><B>1,206,706</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><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>
    <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: bottom">
    <TD><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>
    <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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Financial
    Sector</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">27,872,522</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">12,851,359</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">12,851,465</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">23,902,945</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">29,848,164</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">62,799</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black"><B>107,389,254</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><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>
    <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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Non-financial
    Private Sector and Residents Abroad</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">88,847,190</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,359,838,634</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,716,715,247</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,356,768,923</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,005,206,739</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,121,708,879</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,143,668,303</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black"><B>10,792,753,915</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: center; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>88,847,190</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3,388,770,837</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,729,576,408</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,369,635,090</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,029,139,089</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,151,615,853</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,143,765,408</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>10,901,349,875</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1)
    These balances are total contractual flows and, therefore, include principal, accrued and to be accrued interest and charges.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 1pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 86 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->85<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>EXHIBIT H</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>DEPOSITS CONCENTRATION</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025 AND DECEMBER 31,
2024 </B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 54)</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12.31.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 36%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 2%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 15%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><FONT STYLE="font-size: 8pt"><B>Debt</B></FONT></P>
    <P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><FONT STYLE="font-size: 8pt"><B>balance</B></FONT></P></TD>
    <TD ROWSPAN="3" STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><FONT STYLE="font-size: 8pt"><B>%
    over</B></FONT></P>
    <P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><FONT STYLE="font-size: 8pt"><B>total</B></FONT></P>
    <P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><FONT STYLE="font-size: 8pt"><B>portfolio</B></FONT></P></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><FONT STYLE="font-size: 8pt"><B>Debt</B></FONT></P>
    <P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><FONT STYLE="font-size: 8pt"><B>balance</B></FONT></P></TD>
    <TD ROWSPAN="3" STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><FONT STYLE="font-size: 8pt"><B>%
    over</B></FONT></P>
    <P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><FONT STYLE="font-size: 8pt"><B>Debt</B></FONT></P>
    <P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><FONT STYLE="font-size: 8pt"><B>portfolio</B></FONT></P></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Number
    of customers</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">10
    largest customers</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,745,888,418</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">21.08
    %</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,976,907,525</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">17.30
    %</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">50
    following largest customers</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,831,919,674</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">14.06
    %</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,662,464,113</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">14.55
    %</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">100
    following largest customers</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">620,495,481</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4.76
    %</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">527,578,286</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4.62
    %</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">All
    other customers</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">7,828,312,472</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">60.10
    %</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">7,261,787,990</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">63.53
    %</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>13,026,616,045</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>100.00
    %</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>11,428,737,914</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>100.00
    %</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0"></P>


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<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>EXHIBIT I</B></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>BREAKDOWN OF FINANCIAL LIABILITIES
BY REMAINING TERMS</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of Argentine
pesos in constant currency &#8211; Note 2.1.5.) (1)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 54)</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Terms
    remaining to maturity</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 42%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>6</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>more
    than </B></FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>ACCOUNTS</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>month</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Deposits</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black"><B>11,680,597,236</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black"><B>1,307,602,477</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black"><B>211,989,490</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black"><B>46,835,015</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black"><B>2,941</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>13,247,027,159</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 14pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Non-financial
    Government sector </FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">71,531,984</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">56,716,561</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">128,248,545</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 14pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Financial
    Sector </FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9,892,636</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9,892,636</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 14pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Non-financial
    Private Sector and Residents Abroad </FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">11,599,172,616</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,250,885,916</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">211,989,490</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">46,835,015</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,941</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">13,108,885,978</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Liabilities
    at fair value through profit or loss</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>422,633</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>422,633</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Derivative
    instruments </B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>15,045,703</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>15,045,703</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Other
    financial liabilities </B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,658,378,598</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>773,661</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,118,233</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,021,288</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,833,244</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>22,720,264</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,687,845,288</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Financing
    received from the BCRA and other financial institutions</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>200,371,653</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>23,245,888</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>67,081,946</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>61,315,228</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>69,298,098</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>968,039</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>422,280,852</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Corporate
    bonds issued </B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>138,862,570</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>49,372,837</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>14,227,133</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>235,881,848</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>4,161,498</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>442,505,886</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>13,693,678,393</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,380,994,863</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>294,416,802</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>346,053,379</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>76,295,781</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>23,688,303</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>15,815,127,521</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="8" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1)
    These balances are total contractual flows and, therefore, include principal, accrued and to be accrued interest and charges.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 1pt BBVA Benton Sans Book,serif; margin: 0; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>BREAKDOWN OF FINANCIAL LIABILITIES
BY REMAINING TERMS</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF DECEMBER 31, 2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.) (1)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 54)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="8" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Terms
    remaining to maturity</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>6</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>more
    than</B></FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>ACCOUNTS</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>month</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>24</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Deposits</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>10,581,099,650</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>692,184,266</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>298,694,136</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>51,794,973</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3,700</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>11,623,776,725</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.65pt; padding-left: 14pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Non-financial
    Government sector </FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">138,985,349</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">572,070</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">139,557,419</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.65pt; padding-left: 14pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Financial
    Sector </FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,980,448</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,980,448</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.65pt; padding-left: 14pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Non-financial
    Private Sector and Residents Abroad </FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">10,437,133,853</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">691,612,196</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">298,694,136</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">51,794,973</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,700</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">11,479,238,858</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="11"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Derivative
    instruments </B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>4,441,163</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>4,441,163</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Other
    financial liabilities </B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,376,164,911</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>937,150</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,345,077</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,279,392</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3,638,290</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>23,904,684</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,408,269,504</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Financing
    received from the BCRA and other financial institutions</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>109,128,675</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>45,719,720</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>26,481,096</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>72,796,104</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>20,856,017</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,168</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>274,982,780</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Corporate
    bonds issued </B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,460,000</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>909,245</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>13,144,490</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>120,137,438</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>7,299,268</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>142,950,441</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12,072,294,399</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>739,750,381</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>339,664,799</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>247,007,907</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>31,797,275</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>23,905,852</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>13,454,420,613</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1)
    These balances are total contractual flows and, therefore, include principal, accrued and to be accrued interest and charges.</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 37%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>EXHIBIT J</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>PROVISIONS</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 54)</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 39%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>&nbsp;Decreases
    </B></FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Balances
    at the beginning of the year</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Increases</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Reversals</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Uses</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Monetary
    (loss) generated by provisions</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Balances
    as of 06.30.25</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>&nbsp;INCLUDED
    IN LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;-
    Provisions for contingent commitments</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">26,218,872</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">11,497,697</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1)(3)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(3,758,122)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">33,958,447</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;-
    For administrative, disciplinary and criminal penalties</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">5,755</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(755)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">5,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;-
    Provisions for termination plans</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,014,612</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">912,765</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(264,248)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,663,129</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;-
    Other</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">25,969,353</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">8,409,414</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(2)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">19,274</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">5,407,684</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(3,650,406)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">25,301,403</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL
    PROVISIONS</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>54,208,592</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>20,819,876</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>19,274</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>5,407,684</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(7,673,531)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>61,927,979</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1)</FONT></TD>
    <TD COLSPAN="9" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Set
    up in compliance with the provisions of Communication &#8220;A&#8221; 6868 of the BCRA.</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(2)</FONT></TD>
    <TD COLSPAN="9" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Set
    up to cover contingent events not considered in other items (civil, commercial, labor lawsuits and other).</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(3)</FONT></TD>
    <TD COLSPAN="9" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Includes
    an increase of 10,034 for exchange differences in foreign currency for contingent commitments</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>PROVISIONS</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF DECEMBER 31, 2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 54)</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 39%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>&nbsp;Decreases
    </B></FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Balances
    at the beginning of the year</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Increases</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Reversals</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Uses</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Monetary
    (loss) generated by provisions</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Balances
    as of 12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>&nbsp;INCLUDED
    IN LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;-
    Provisions for contingent commitments</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">14,969,019</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">22,443,317</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1)(3)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(11,193,464)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">26,218,872</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;-
    For administrative, disciplinary and criminal penalties</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">12,532</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(6,777)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">5,755</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;-
    Provisions for termination plans</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,930,164</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,300,331</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1,215,883)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,014,612</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;-
    Other</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">35,029,877</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">31,165,161</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(2)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,129,067</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">6,707,330</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(32,389,288)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">25,969,353</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL
    PROVISIONS</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>51,941,592</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>54,908,809</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,129,067</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>6,707,330</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(44,805,412)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>54,208,592</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1)</FONT></TD>
    <TD COLSPAN="9" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Set
    up in compliance with the provisions of Communication &#8220;A&#8221; 6868 of the BCRA.</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(2)</FONT></TD>
    <TD COLSPAN="9" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Set
    up to cover contingent events not considered in other items (civil, commercial, labor lawsuits and other).</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(3)</FONT></TD>
    <TD COLSPAN="9" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Includes
    an increase of 41,422 for exchange differences in foreign currency for contingent commitments</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>EXHIBIT R</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>ADJUSTMENT TO IMPAIRMENT LOSS -
ALLOWANCES FOR LOAN LOSSES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 54)</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="font-size: 8pt; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 8pt; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>ECL
    of remaining life of the financial asset</B></FONT></TD>
    <TD STYLE="font-size: 8pt; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 8pt">
    <TD STYLE="font-size: 8pt; width: 35%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD ROWSPAN="4" STYLE="font-size: 8pt; width: 9%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Balances
    as of 12.31.24</B></FONT></TD>
    <TD ROWSPAN="4" STYLE="font-size: 8pt; width: 11%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>ECL
    for the following 12 months</B></FONT></TD>
    <TD ROWSPAN="4" STYLE="font-size: 8pt; width: 13%; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>FI
    with significant increase of </B>&nbsp;<B>credit risk</B></FONT></TD>
    <TD ROWSPAN="4" STYLE="font-size: 8pt; width: 11%; border-top: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>FI
    with credit impairment</B></FONT></TD>
    <TD ROWSPAN="4" STYLE="font-size: 8pt; width: 11%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Monetary
    gain (loss) generated by allowances</B></FONT></TD>
    <TD STYLE="font-size: 8pt; width: 1%; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="font-size: 8pt; width: 9%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Balances
    as of 06.30.25</B></FONT></TD></TR>
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="font-size: 8pt; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Other
    financial assets</B></FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>2,079,199</B></FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(198,101)</B></FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>548,373</B></FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(290,754)</B></FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>2,138,717</B></FONT></TD></TR>
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 8pt">
    <TD STYLE="font-size: 8pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Loans
    and other financing</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>182,822,660</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>6,769,093</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>21,785,445</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>126,654,941</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(31,827,421)</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>306,204,718</B></FONT></TD></TR>
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="padding-left: 14pt; font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">Other
    financial institutions</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">2,263,655</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">1,452,167</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">67,195</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">(668,931)</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">(805,989)</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">2,308,097</FONT></TD></TR>
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="padding-left: 14pt; font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">Non-financial
    Private Sector and Residents Abroad</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">180,559,005</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">5,316,926</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">21,718,250</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">127,323,872</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">(31,021,432)</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">303,896,621</FONT></TD></TR>
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Overdrafts</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">7,675,760</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">461,481</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">532,960</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,682,656</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1,230,687)</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">12,122,170</FONT></TD></TR>
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Instruments</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">14,807,894</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">940,692</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,506,356</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,398,391</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(2,154,063)</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">16,499,270</FONT></TD></TR>
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Mortgage
    loans</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">10,342,511</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(214,327)</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(39,394)</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,047,359</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1,509,565)</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9,626,584</FONT></TD></TR>
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Pledge
    loans</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,407,444</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">257,967</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">293,140</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,617,640</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(498,126)</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">7,078,065</FONT></TD></TR>
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Consumer
    loans</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">53,010,240</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">149,989</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">8,963,392</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">52,498,170</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(10,002,377)</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">104,619,414</FONT></TD></TR>
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Credit
    cards</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">78,712,102</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(884,001)</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">11,014,416</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">59,721,922</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(13,331,780)</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">135,232,659</FONT></TD></TR>
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Finance
    leases</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">714,612</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">66,708</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(2,244)</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">125,145</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(113,133)</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">791,088</FONT></TD></TR>
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Other</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">12,888,442</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,538,417</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(550,376)</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,232,589</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(2,181,701)</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">17,927,371</FONT></TD></TR>
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 8pt">
    <TD STYLE="font-size: 8pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Other
    debt securities</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>180,528</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(60,000)</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(18,810)</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>101,718</B></FONT></TD></TR>
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 8pt">
    <TD STYLE="font-size: 8pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Contingent
    commitments</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>26,218,872</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>8,772,418</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>2,607,965</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>117,314</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(3,758,122)</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>33,958,447</B></FONT></TD></TR>
  <TR STYLE="font-size: 8pt; vertical-align: bottom">
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 8pt">
    <TD STYLE="font-size: 8pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL
    ALLOWANCES</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>211,301,259</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>15,283,410</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>24,393,410</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>127,320,628</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(35,895,107)</B></FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>342,403,600</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>ADJUSTMENT TO IMPAIRMENT LOSS -
ALLOWANCES FOR LOAN LOSSES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONSOLIDATED WITH SUBSIDIARIES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF DECEMBER 31, 2024</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of Argentine
pesos in constant currency &#8211; Note 2.1.5.)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146; text-indent: 0.25in">(Translation
of Financial statements originally issued in Spanish - See Note 54)</P>

<P STYLE="font: 10pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>ECL
    of remaining life of the financial asset</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 35%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD ROWSPAN="4" STYLE="width: 9%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Balances
    as of 12.31.23</B></FONT></TD>
    <TD ROWSPAN="4" STYLE="width: 11%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>ECL
    for the following 12 months</B></FONT></TD>
    <TD ROWSPAN="4" STYLE="width: 13%; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>FI
    with significant increase of credit risk</B></FONT></TD>
    <TD ROWSPAN="4" STYLE="width: 11%; border-top: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>FI
    with credit impairment</B></FONT></TD>
    <TD ROWSPAN="4" STYLE="width: 11%; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Monetary
    gain (loss) generated by allowances</B></FONT></TD>
    <TD STYLE="width: 1%; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="4" STYLE="width: 9%; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Balances
    as of 12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Other
    financial assets</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>3,556,410</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(51,563)</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>-</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>595,860</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(2,021,508)</B></FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>2,079,199</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Loans
    and other financing</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>113,843,665</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>51,583,265</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>20,775,683</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>76,582,337</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(79,962,290)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>182,822,660</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 14pt; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">Other
    financial institutions</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">2,457,858</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">3,927,578</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">197,592</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">(28,420)</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">(4,290,953)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">2,263,655</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 14pt; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">Non-financial
    Private Sector and Residents Abroad</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">111,385,807</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">47,655,687</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">20,578,091</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">76,610,757</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">(75,671,337)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">180,559,005</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Overdrafts</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">8,609,184</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,093,395</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(429,187)</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,627,525</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(6,225,157)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">7,675,760</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Instruments</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9,636,198</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">11,143,216</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">345,112</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">114,250</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(6,430,882)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">14,807,894</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Mortgage
    loans</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">8,290,015</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">343,195</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,466,516</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">5,662,261</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(6,419,476)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">10,342,511</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Pledge
    loans</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,664,102</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">411,351</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">342,241</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">993,428</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1,003,678)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,407,444</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Consumer
    loans</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">24,213,565</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">11,267,280</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">6,402,135</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">28,527,267</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(17,400,007)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">53,010,240</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Credit
    cards</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">47,886,186</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">21,482,826</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">10,402,026</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">33,718,977</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(34,777,913)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">78,712,102</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Finance
    leases</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,191,509</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">157,653</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">40,318</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">82,818</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(757,686)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">714,612</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Other</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9,895,048</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(243,229)</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,008,930</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,884,231</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(2,656,538)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">12,888,442</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Other
    debt securities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>245,695</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>107,551</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(172,718)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>180,528</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Contingent
    commitments</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>14,969,019</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>17,225,216</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>4,544,769</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>661,822</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(11,181,954)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>26,218,872</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL
    ALLOWANCES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>132,614,789</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>68,864,469</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>25,320,452</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>77,840,019</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(93,338,470)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>211,301,259</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 1pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>


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    <!-- Field: /Page -->

<P STYLE="font: 1pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>SEPARATE CONDENSED STATEMENT OF
FINANCIAL POSITION </B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025 AND DECEMBER 31,
2024 </B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
pesos constant currency - Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 41)</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Notes and Exhibits</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 58%; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 9%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%">&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></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Cash and deposits in banks</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">4</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>3,307,075,213</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>3,242,130,049</B></FONT></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></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;&nbsp;Cash</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">822,126,864</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,050,751,799</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;&nbsp;Financial institutions and correspondents</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,473,776,939</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,191,378,250</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;BCRA</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,571,163,958</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">872,015,696</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;&nbsp;&nbsp;&nbsp;Other in the country and abroad</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">902,612,981</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">319,362,554</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;&nbsp;Other</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">11,171,410</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></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></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Debt securities at fair value through profit or loss</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">5 and A</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>624,071,288</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>105,324,026</B></FONT></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></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Derivative instruments</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">6</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>12,038,260</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>11,352,524</B></FONT></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></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Other financial assets</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">8</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>190,714,534</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>289,413,356</B></FONT></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></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Loans and other financing</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">9</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>10,676,751,860</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>8,338,844,226</B></FONT></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></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;&nbsp;Non-financial Government sector</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,706,568</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,110,368</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;&nbsp;Other financial institutions</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">315,404,021</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">183,148,061</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;&nbsp;Non-financial Private Sector and Residents Abroad</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">10,357,641,271</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">8,154,585,797</FONT></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></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Other debt securities</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">10 and A</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>2,424,560,234</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>2,873,488,459</B></FONT></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></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Financial assets pledged as collateral</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">11</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>355,067,350</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>532,857,686</B></FONT></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></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Current income tax assets</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">12,1</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>85,062</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>51,999,350</B></FONT></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></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Investments in equity instruments</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">13 and A</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>15,328,514</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>14,568,609</B></FONT></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></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Investments in subsidiaries and associates</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">14</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>144,814,726</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>112,657,973</B></FONT></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></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Property and equipment</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">15</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>747,806,922</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>743,714,227</B></FONT></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></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Intangible assets</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">16</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>87,822,226</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>78,980,916</B></FONT></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></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Deferred income tax assets</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">12,3</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>24,428,797</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>20,342,621</B></FONT></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></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Other non-financial assets</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">17</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>262,574,850</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>253,031,929</B></FONT></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></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Non-current assets held for sale</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">18</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>3,635,905</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>4,315,714</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>18,876,775,741</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>16,673,021,665</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-right: 2.65pt; padding-bottom: 1.5pt; padding-left: 2.65pt; line-height: 8pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0 0 1.5pt">The accompanying explanatory notes and exhibits are an integral
part of these separate financial statements.</P>


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    <!-- Field: /Page -->

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>SEPARATE CONDENSED STATEMENT OF
FINANCIAL POSITION </B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025 AND DECEMBER 31,
2024 </B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
pesos constant currency - Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 41)</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Notes and Exhibits</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 58%; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>LIABILITIES</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 9%; border-top: #072146 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%; border-top: #072146 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%; border-top: #072146 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&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>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Deposits</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">19 and H</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>13,082,009,967</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>11,465,588,492</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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 COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 7pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Non-financial Government sector</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">126,092,240</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">138,823,337</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Financial Sector</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">11,430,342</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">45,371,171</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Non-financial Private Sector and Residents Abroad</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">12,944,487,385</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">11,281,393,984</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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 COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Liabilities at fair value through profit or loss</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">20</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>422,633</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>-</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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 COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Derivative instruments</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">6</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>15,045,703</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>4,441,163</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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 COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Other financial liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">21</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,649,523,891</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,370,824,091</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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 COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Financing received from the BCRA and other financial institutions</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">22</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>103,317,561</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>51,548,424</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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 COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Corporate bonds issued</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">23</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>361,233,171</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>90,423,996</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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 COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Provisions</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">J</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>61,792,438</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>54,098,477</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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 COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Other non-financial liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">24</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>724,374,259</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>667,907,921</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL LIABILITIES</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>15,997,719,623</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>13,704,832,564</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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 COLSPAN="2" ROWSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>EQUITY</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Share capital</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481">2</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>612,710</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>612,710</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Non-capitalized contributions</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>6,744,974</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>6,744,974</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Capital adjustments</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,040,005,619</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,040,005,619</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Reserves</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,761,473,837</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,457,815,064</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Other accumulated comprehensive loss</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(68,284,800)</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>56,440,170</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Income for the period /&nbsp;&nbsp;year</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>138,503,778</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>406,570,564</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL EQUITY</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,879,056,118</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,968,189,101</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL LIABILITIES AND EQUITY</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>18,876,775,741</B></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>16,673,021,665</B></FONT></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></TR>
  <TR>
    <TD COLSPAN="7" STYLE="padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0 0 1.5pt">The accompanying explanatory notes and exhibits are an integral
    part of these separate financial statements.</P>
    <P STYLE="font: 12pt/8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
  </TABLE>
<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"></P>


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<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>SEPARATE CONDENSED STATEMENT OF INCOME</B></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>FOR THE INTERIM THREE AND SIX-MONTH
PERIODS ENDED JUNE 30, 2025 and 2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
pesos constant currency - Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 41)</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 38%">&nbsp;</TD>
    <TD STYLE="width: 7%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Notes and Exhibits</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Interest income</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">26</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">988,781,614</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,908,394,859</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,320,817,854</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,370,773,102</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Interest expense</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">27</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(431,140,086)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(807,823,494)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(405,976,711)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1,197,063,709)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Net interest income</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>557,641,528</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,100,571,365</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>914,841,143</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>2,173,709,393</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Commission income</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">28</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">159,598,054</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">333,659,772</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">151,870,626</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">289,973,037</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Commission expense</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">29</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(82,872,530)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(168,895,722)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(83,132,638)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(153,195,216)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: #004481 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Net commission income</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>76,725,524</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>164,764,050</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>68,737,988</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>136,777,821</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Net income from measurement of financial instruments at fair value through profit or loss</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">30</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">43,858,837</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">75,309,551</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">42,674,143</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">87,894,262</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Net income/(loss) from write-down of assets at amortized cost and at fair value through OCI</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">31</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(293,901)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">84,667,245</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">19,057,509</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">123,074,574</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Foreign exchange and gold gains</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">32</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">54,840,643</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">63,697,780</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">28,508,375</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">45,871,262</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Other operating income</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">33</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">40,092,399</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">80,258,141</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">38,823,790</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">85,779,787</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Impairment of financial assets</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">34</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(144,727,283)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(243,426,480)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(56,161,197)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(100,256,262)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: #004481 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Net operating income</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>628,137,747</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,325,841,652</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,056,481,751</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>2,552,850,837</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Personnel benefits</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">35</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(139,121,859)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(264,992,707)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(150,355,388)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(296,413,322)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Administrative expenses</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">36</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(144,498,685)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(297,300,372)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(161,000,281)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(329,492,525)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Asset depreciation and impairment </FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">37</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(23,384,106)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(45,213,234)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(24,795,494)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(41,570,506)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Other operating expenses</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">38</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(161,348,569)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(297,195,213)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(131,072,532)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(299,083,853)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: #004481 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Operating income</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>159,784,528</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>421,140,126</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>589,258,056</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,586,290,631</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Income from associates and joint ventures</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">18,312,511</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">32,568,241</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">11,200,896</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">7,661,303</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Loss on net monetary position</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(102,687,577)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(250,637,035)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(359,689,380)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1,259,914,301)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: #004481 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: #004481 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Income before income tax</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>75,409,462</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>203,071,332</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>240,769,572</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>334,037,633</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Income tax</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">12.4</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(20,053,465)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(64,567,554)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(86,000,669)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(121,781,220)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Net income for the period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>55,355,997</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>138,503,778</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>154,768,903</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>212,256,413</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="padding-right: 2.65pt; padding-bottom: 1.5pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">The accompanying explanatory notes and exhibits are an integral part of these separate financial statements.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 1pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>


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<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.05pt; text-align: center; text-indent: -10.75pt; color: #072146"><B>SEPARATE
CONDENSED STATEMENT OF INCOME</B></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>FOR THE INTERIM THREE AND SIX-MONTH
PERIODS ENDED JUNE 30, 2025 and 2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>EARNINGS PER SHARE</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
pesos constant currency - Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 41)</P>

<P STYLE="font: 7pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #072146 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: #072146 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: #072146 1pt solid">&nbsp;</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="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Numerator:</B></FONT></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></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Net income attributable to owners of the Parent</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">138,503,778</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">212,256,413</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Net income attributable to owners of the Parent adjusted to reflect the effect of dilution</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">138,503,778</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">212,256,413</FONT></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="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Denominator:</B></FONT></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></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Weighted average of outstanding common shares for the period</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">612,710,079</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">612,710,079</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Weighted average of outstanding common shares for the period adjusted to reflect the effect of dilution</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">612,710,079</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">612,710,079</FONT></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="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Basic earnings per share (stated in pesos)</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">226.0511</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">346.4223</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Diluted earnings per share (stated in pesos) (1)</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">226.0511</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">346.4223</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: center; text-indent: -10.75pt"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/8pt BBVA Benton Sans Book,serif; margin: 0 28.35pt 0 35.45pt; text-align: justify"><FONT STYLE="font-size: 8pt">(1)
</FONT><FONT STYLE="font-size: 7pt">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.</FONT></P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; text-indent: -0.3pt; color: #072146"><B>SEPARATE CONDENSED
STATEMENT OF OTHER COMPREHENSIVE INCOME</B></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>FOR THE INTERIM THREE AND SIX-MONTH
PERIODS ENDED JUNE 30, 2025 and 2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
pesos constant currency - Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 41)</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 39%">&nbsp;</TD>
    <TD STYLE="width: 6%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Note</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Quarter ended as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Quarter as of 06.30.24</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Net income for the period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>55,355,997</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>138,503,778</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>154,768,903</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>212,256,413</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Other comprehensive income components to be reclassified to income/(loss) for the period:</B></FONT></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>
    <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>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Share in Other Comprehensive Income from associates and joint ventures at equity method</B></FONT></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>
    <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>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Share in Other Comprehensive Income from associates and joint ventures at equity method</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">12</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">12</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(412,612)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(731,024)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>12</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>12</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(412,612)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(731,024)</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Profit or losses from financial instruments at fair value through OCI</B></FONT></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>
    <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>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Profit or losses from financial instruments at fair value through OCI</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(14,747,735)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(111,608,157)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(214,175,170)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(366,382,761)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Adjustment for reclassification for the period</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">293,901</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(84,667,245)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(17,570,328)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(120,946,922)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Income tax</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">12.4</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">5,058,842</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">68,696,391</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">86,802,759</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">229,518,328</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(9,394,992)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(127,579,011)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(144,942,739)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(257,811,355)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Other comprehensive income components not to be reclassified to income/(loss) for the period:</B></FONT></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>
    <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>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Income or loss on equity instruments at fair value through OCI </B></FONT></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>
    <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>
    <TD STYLE="vertical-align: bottom">&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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Income/(loss) for the period from equity instruments at fair value through OCI </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,118,173</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,854,029</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(283,198)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(208,208)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,118,173</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>2,854,029</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(283,198)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(208,208)</B></FONT></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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Total Other Comprehensive Income/(loss) for the period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(8,276,807)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(124,724,970)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(145,638,549)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(258,750,587)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Total Comprehensive Income</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>47,079,190</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>13,778,808</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>9,130,354</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(46,494,174)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="padding-right: 2.65pt; padding-bottom: 1.5pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">The accompanying explanatory notes and exhibits are an integral part of these separate financial statements.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 1pt BBVA Benton Sans Book,serif; margin: 0 0 0 42.5pt">&nbsp;</P>


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<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>SEPARATE CONDENSED STATEMENT OF CHANGES
IN SHAREHOLDERS&#8217; EQUITY </B></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>FOR THE INTERIM SIX-MONTH PERIOD
ENDED JUNE 30, 2025</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
pesos constant currency - Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 41)</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="14" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2025</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt dotted; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Share
    Capital</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt dotted; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Non-capitalized
    contributions</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="border-bottom: black 1pt dotted; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Other
    Comprehensive Income</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="border-bottom: black 1pt dotted; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Reserves</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD ROWSPAN="3" STYLE="width: 34%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Transactions</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 6%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Outstanding
    Shares</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 6%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Share
    premium</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 6%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Equity
    adjustments</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 10%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Income/(loss)
    on financial instruments at fair value through OCI</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 4%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Other</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 6%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Legal</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 7%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Other</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 7%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>&nbsp;Retained
    earnings</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 9%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Restated
    balances at the beginning of the year</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>612,710</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>6,744,974</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,040,005,619</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>56,440,182</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(12)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>751,106,000</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>706,709,064</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>406,570,564</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>2,968,189,101</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><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>
    <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>
    <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: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Total
    comprehensive income for the year</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>
    <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>
    <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>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;-
    Net income for the period</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">138,503,778</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">138,503,778</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;-
    Other comprehensive income/(loss) for the period</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(124,724,982)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">12</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(124,724,970)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">- Distribution of retained earnings approved
    by the Shareholders&#8217; Meeting held on April 23, 2025 (Note 44 to the consolidated&nbsp;&nbsp;financial statements):</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>
    <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>
    <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>
    <TD STYLE="vertical-align: bottom; text-indent: 7.1pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Legal
    reserve</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">81,314,113</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(81,314,113)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; text-indent: 7.1pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Other</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">325,256,451</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(325,256,451)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">- Distribution
    of dividends approved by the Shareholders&#8217; Meeting held on April 23 and by the BCRA, on May 12, 2025 (Note 44 to the consolidated
    financial statements):</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; 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="vertical-align: bottom; 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="vertical-align: bottom; 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="vertical-align: bottom; 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="vertical-align: bottom; 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>
    <TD STYLE="vertical-align: bottom; text-indent: 7.1pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Dividends
    in kind and in cash (1)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(102,911,791)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(102,911,791)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><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>
    <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>
    <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: bottom">
    <TD><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>
    <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>
    <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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Balances
    at fiscal period end</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>612,710</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>6,744,974</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,040,005,619</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(68,284,800)</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.75pt; padding-left: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>832,420,113</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>929,053,724</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>138,503,778</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>2,879,056,118</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><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>
    <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>
    <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>
    <TD COLSPAN="8" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><P STYLE="font: 6pt BBVA Benton Sans Book,serif; margin: 0"><FONT STYLE="font-size: 8pt">(1) Corresponds to $ 145.93 (in nominal
    values) per share.</FONT></P>
    <P STYLE="font: 6pt BBVA Benton Sans Book,serif; margin: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>
    <P STYLE="font: 6pt/6pt BBVA Benton Sans Book,serif; margin: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><P STYLE="font: 6pt/8pt BBVA Benton Sans Book,serif; margin: 0 0 1.5pt"><FONT STYLE="font-size: 8pt">The accompanying explanatory
    notes and exhibits are an integral part of these separate financial statements.</FONT></P>
    <P STYLE="font: 6pt BBVA Benton Sans Book,serif; margin: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->95<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>SEPARATE CONDENSED STATEMENT OF CHANGES
IN SHAREHOLDERS&#8217; EQUITY </B></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>FOR THE INTERIM SIX-MONTH PERIOD
ENDED JUNE 30, 2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
pesos constant currency - Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 41)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="14" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2024</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>&nbsp;&nbsp;&nbsp;Share</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Non-capitalized&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Other
    Comprehensive</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>&nbsp;&nbsp;&nbsp;capital</B></FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>contributions</B></FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Income</B></FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Reserves</B></FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD ROWSPAN="3" STYLE="width: 31%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Transactions</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 7%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Outstanding
    shares</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 7%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Share
    premium</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 7%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Equity
    adjustments</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 8%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Income/(loss)
    on financial instruments at fair value through OCI</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 7%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Other</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 7%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Legal</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 7%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Other</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 7%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>&nbsp;Retained
    earnings</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 7%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Restated
    balances at the beginning of the period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>612,710</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>6,744,974</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,040,005,619</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>433,404,724</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,692,354</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>668,625,152</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>960,903,162</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>412,404,244</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>3,524,392,939</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Total
    comprehensive income for the period</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;-
    Net income for the period</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">212,256,413</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">212,256,413</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;-
    Other comprehensive income/(loss) for the period</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(258,019,563)</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(731,024)</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(258,750,587)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">- Distribution of retained earnings approved
    by the Shareholders&#8217; Meeting held on April 26, 2024 (Note 44 to the consolidated financial statements):</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; text-indent: 7.1pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Legal
    reserve</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">82,480,849</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(82,480,849)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; text-indent: 7.1pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Other</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">329,923,395</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(329,923,395)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">- Distribution of dividends approved by
    the Shareholders&#8217; Meeting held on April 26, by the BCRA, on May 3 and by the Board of Directors&#8217; Meeting on May 6, 2024
    (Note 44 to the consolidated financial statements):</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; text-indent: 7.1pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Dividends
    in kind and in cash (1)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(584,117,493)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(584,117,493)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Balances
    at fiscal period-end</B></FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>612,710</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>6,744,974</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,040,005,619</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>175,385,161</B></FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>961,330</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>751,106,001</B></FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>706,709,064</B></FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>212,256,413</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,893,781,272</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><P STYLE="font: 6pt BBVA Benton Sans Book,serif; margin: 0"><FONT STYLE="font-size: 8pt">(1) Corresponds to $ 431.24 (in nominal
    values) per share.</FONT></P>
    <P STYLE="font: 6pt BBVA Benton Sans Book,serif; margin: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>
    <P STYLE="font: 6pt/6pt BBVA Benton Sans Book,serif; margin: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 2.25pt double"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">The
    accompanying explanatory notes and exhibits are an integral part of these separate financial statements.</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>


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    <!-- Field: /Page -->

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>SEPARATE STATEMENT OF CASH FLOWS</B></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>FOR THE INTERIM SIX-MONTH PERIODS
ENDED JUNE 30, 2025 AND 2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
pesos constant currency - Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 41)</P>

<P STYLE="font: 12pt/9.2pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Cash flows from operating activities</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Income before income tax</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>203,071,332</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>334,037,633</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Adjustment for total monetary income for the period</B></FONT></TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>250,637,035</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>1,259,914,301</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Adjustments to obtain cash flows from operating activities:</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>213,881,434</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>699,424,106</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Depreciation and amortization</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">45,213,234</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">41,570,506</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Impairment of financial assets</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">243,426,480</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">100,256,262</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Effect of foreign exchange changes on cash and cash equivalents</FONT></TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(64,481,378)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">557,588,057</FONT></TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="vertical-align: top; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Other adjustments</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(10,276,902)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9,281</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Net decreases from operating assets:</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(4,376,718,241)</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(5,262,093,015)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">&nbsp;Debt securities at fair value through profit or loss</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(567,967,938)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(54,184,962)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">&nbsp;Derivative instruments</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(1,917,771)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">6,631,146</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Repo transactions and surety bonds</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">857,026,757</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">&nbsp;Loans and other financing</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(3,836,502,156)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(2,959,962,473)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">&nbsp;&nbsp;&nbsp;&nbsp;Non-financial government sector</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(2,829,719)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(2,146,114)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">&nbsp;&nbsp;&nbsp;&nbsp;Other financial institutions</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(160,859,711)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(102,019,249)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">&nbsp;&nbsp;&nbsp;&nbsp;Non-financial private sector and residents abroad</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(3,672,812,726)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(2,855,797,110)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">&nbsp;Other debt securities</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(112,659,549)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(2,724,774,577)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">&nbsp;Financial assets pledged as collateral</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">108,724,735</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(234,804,323)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">&nbsp;Investments in equity instruments</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,432,751</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(5,157,251)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">&nbsp;Other assets</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">32,171,687</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(146,867,332)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Net increases from operating liabilities:</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>3,857,680,667</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>4,495,135,794</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Deposits</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,273,104,639</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,823,835,208</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 9pt; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Non-financial Government sector</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">13,755,651</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">298,940,469</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 9pt; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Financial sector</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(31,851,116)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,985,947</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-left: 9pt; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Non-financial Private Sector and Residents Abroad</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,291,200,104</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">3,522,908,792</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Liabilities at fair value through profit or loss</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">690,648</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(18,871,472)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Derivative instruments</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">11,673,649</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(2,421,854)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Repo transactions and surety bonds</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">247,476,742</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Other liabilities</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">572,211,731</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">445,117,170</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Income tax paid</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(310,949,569)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Total cash flows generated by operating activities</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>148,552,227</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,215,469,250</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 67%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD></TR>
  </TABLE>

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    <!-- Field: /Page -->

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

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

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>SEPARATE STATEMENT OF CASH FLOWS</B></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>FOR THE INTERIM SIX-MONTH PERIODS
ENDED JUNE 30, 2025 AND 2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
pesos constant currency - Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish - See Note 41)</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 68%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.24</B></FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Cash flows from investing activities</B></FONT></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></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Payments:</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(51,915,127)</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(63,612,172)</B></FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;&nbsp;Purchase of property and equipment, intangible assets and other assets</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(51,622,510)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(63,612,172)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;&nbsp;Other payments related to investing activities</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(292,617)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Collections:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>412,987</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>20,220,678</B></FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;&nbsp;Other collections related to investing activities</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">412,987</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">20,220,678</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Total cash flows used in investing activities</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(51,502,140)</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(43,391,494)</B></FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Cash flows from financing activities</B></FONT></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></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Payments:</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(10,190,861)</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(76,027,628)</B></FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;Dividends </FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(3,387,108)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(68,137,646)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Payment of lease liabilities</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(6,803,753)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(7,889,982)</FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Collections:</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>309,353,721</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>10,311,775</B></FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;Non-subordinated corporate bonds </FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">257,666,145</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">&nbsp;Financing from local financial institutions</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">35,478,457</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,343,970</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Other collections related to financing activities</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">16,209,119</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">8,967,805</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Total cash flows generated by / (used in) financing activities</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>299,162,860</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(65,715,853)</B></FONT></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="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Effect of exchange rate changes on cash and cash equivalents</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">64,481,378</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(557,588,057)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Effect of net monetary income/(loss) of cash and cash equivalents</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(395,749,161)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1,394,280,243)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Total changes in cash flows</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>64,945,164</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(845,506,397)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Restated cash and cash equivalents at the beginning of the year (Note 4)</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3,242,130,049</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,861,812,232</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Cash and cash equivalents at fiscal period-end (Note 4)</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3,307,075,213</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,016,305,835</B></FONT></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="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">The accompanying explanatory notes and exhibits are an integral part of these separate financial statements.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>


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

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: center; color: #072146"><B>NOTES TO THE SEPARATE
CONDENSED INTERIM FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025</B></P>

<P STYLE="font: 10pt/11.5pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: center; color: #072146"><B>(Amounts stated
in thousands of Argentine pesos in constant currency &#8211; Note 2.1.5. to the consolidated condensed interim financial statements)</B></P>

<P STYLE="font: 10pt/11.5pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: center; color: #072146"><B>(Translation of
Financial statements originally issued in Spanish &#8211; See Note 41)</B></P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; text-align: justify"><B>1. <FONT STYLE="color: #072146">Basis
for the preparation of separate financial statements</FONT></B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">As mentioned in Note 2 to the consolidated
condensed interim financial statements, the Bank presents consolidated financial statements in accordance with the financial reporting
framework set forth by the Argentine Central Bank (BCRA).</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">These financial statements of the
Bank are supplementary to the consolidated condensed interim financial statements mentioned above and are intended for the purposes of
complying with legal and regulatory requirements.</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; text-align: justify"><B>2. <FONT STYLE="color: #072146">Basis
for the preparation of these financial statements and applicable accounting standards</FONT></B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">These separate condensed interim financial
statements of the Bank were prepared in accordance with the financial reporting framework set forth by the BCRA (Communication &#8220;A&#8221;
6114 as supplemented by the BCRA). Except for the exceptions established by the BCRA which are explained in the following paragraph, such
framework is based on IFRS Accounting Standards as issued by the IASB (International Accounting Standards Board) and adopted by the Argentine
Federation of Professionals Councils in Economic Sciences (FACPCE, for its acronym in Spanish). The abovementioned IFRS Accounting Standards
include the International Financial Reporting Standards (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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Out of the exceptions set forth by
the BCRA to the application of current IFRS Accounting Standards, the following affects the preparation of these separate condensed interim
financial statements:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, 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: BBVA Benton Sans Book,serif; font-size: 9pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Within the framework of the convergence
process to IFRS Accounting Standards established by Communication &#8220;A&#8221; 6114, as amended and supplemented, the BCRA provided
that for fiscal years starting on or after January 1, 2020, financial institutions defined as &#8220;Group A&#8221; according to BCRA
regulations, as such is the case of the Entity, are required to start to apply paragraph 5.5 &#8220;Impairment&#8221; of IFRS 9 &#8220;Financial
Instruments&#8221; (paragraphs B5.5.1 through B5.5.55) except for exposures to the public sector, considering the exclusion set forth
by Communication &#8220;A&#8221; 6847.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 42.55pt; text-align: justify">Had the abovementioned paragraph 5.5.
&#8220;Impairment&#8221; been applied in full, according to an estimate made by the Entity, as of June 30, 2025 and December 31, 2024,
its shareholders&#8217; equity would have been reduced by 431,930 and 5,875,621, respectively.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Except for what was mentioned in the
previous paragraphs, the accounting policies applied by the Entity comply with the IFRS Accounting Standards that have been currently
approved and are applicable in the preparation of these separate condensed interim financial statements in accordance with the IFRS Accounting
Standards as adopted by the BCRA as per Communication &#8220;A&#8221; 7411. In general, the BCRA does not allow the early application
of any IFRS Accounting Standards, unless otherwise specified.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Likewise, the BCRA by means of Communications
&quot;A&quot; 6323 and 6324 established guidelines for the preparation and presentation of financial statements of financial entities
as from fiscal years beginning on January 1, 2018, including additional information requirements as well as the information to be presented
in the form of Exhibits.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">As this is an interim period, the Entity
has opted to present condensed information, pursuant to the guidelines of IAS 34 &#8220;Interim Financial Reporting&#8221;; therefore,
not all the information required for the preparation of complete financial statements under IFRS is included. Therefore, these financial
statements should be read in conjunction with the financial statements as of December 31, 2024. However, explanatory notes of events and
transactions that are material for understanding any changes in the financial position as from December 31, 2024 are included.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">To avoid duplication of information
already provided, we refer to the consolidated condensed interim financial statements regarding:</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/10pt Times New Roman, Times, 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: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">General information (Note 1 to
the consolidated condensed interim financial statements)</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 6.55pt; text-align: justify; text-indent: 3.8pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, 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: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Figures stated in thousands of
pesos (Note 2.1.2. to the consolidated condensed interim financial statements)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/10pt Times New Roman, Times, 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: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Presentation of Statement of Financial
Position (Note 2.1.3 to the consolidated condensed interim financial statements)</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 6.55pt; text-align: justify; text-indent: 3.8pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/10pt Times New Roman, Times, 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: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Comparative information (Note
2.1.4. to the consolidated condensed interim financial statements)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt; line-height: 120%">Measuring unit
(Note 2.1.5. to the consolidated condensed interim financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Summary of significant accounting
policies (Note 2.3 to the consolidated condensed interim financial statements), except for the measurement of ownership interests in subsidiaries</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt; line-height: 120%">Accounting
judgments, estimates and assumptions (Note 2.4. to the consolidated condensed interim financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt; line-height: 120%">Regulatory
changes introduced during this fiscal year y New pronouncements (Note 2.5. and 2.6. respectively, to the consolidated condensed interim
financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Transcription to the books (Note
2.7. to the consolidated condensed interim financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt; line-height: 120%">Provisions
(Note 23 to the consolidated condensed interim financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt; line-height: 120%">Share capital
(Note 26 to the consolidated condensed interim financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt; line-height: 120%">Fair values
of financial instruments (Note 40 to the consolidated condensed interim financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Segment reporting (Note 41 to
the consolidated condensed interim financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt; line-height: 120%">Related parties
(Note 42 to the consolidated condensed interim financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Financial instruments risks (Note
43 to the consolidated condensed interim financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Restrictions to the distribution
of earnings (Note 44 to the consolidated condensed interim financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Banking deposits guarantee insurance
system (Note 46 to the consolidated condensed interim financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Compliance with the provisions
to act in the different categories of agent defined by the Argentine Securities Commission (Note 48 to the consolidated condensed interim
financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Compliance with the provisions
of the Argentine Securities Commission &#8211; Documentation (Note 49 to the consolidated condensed interim financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt; line-height: 120%">Trust activities
(Note 50 to the consolidated condensed interim financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Mutual funds (Note 51 to the consolidated
condensed interim financial statements)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Penalties and administrative proceedings
instituted by the BCRA (Note 52 to the consolidated condensed interim financial statements)</FONT></TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">&#8211;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Subsequent events (Note 53 to
the consolidated condensed interim financial statements)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><B>3. <FONT STYLE="color: #072146">Significant
accounting policies</FONT></B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify"><U>Investments in subsidiaries</U></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">Subsidiaries are all entities controlled
by the Bank. The Bank controls an entity if it is exposed to, or has rights to, variable returns from its involvement with the entity
and has the ability to affect those returns 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/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; 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 Bank's share in the profit or loss and OCI of investments accounted for using the equity method,
until the date when the control, significant influence or joint control cease.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">The interim financial statements
as of June 30, 2025 of the subsidiaries BBVA Asset Management Argentina S.A.U. and Consolidar Administradora de Fondos de Jubilaciones
y Pensiones S.A. (under liquidation proceedings) were adjusted considering the financial reporting framework set forth by the BCRA in
order to present financial information in constant terms.</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><B>4. <FONT STYLE="color: #072146">Cash
and deposits in banks</FONT></B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 49.65pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 12pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></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="vertical-align: bottom">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">B.C.R.A. - Current account</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,571,163,958</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">872,015,696</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Balances with other local and foreign financial institutions</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">902,612,981</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">319,362,554</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Cash</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">822,126,864</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,050,751,799</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Cash and cash equivalents for spot purchases or sales pending settlement</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,171,410</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>3,307,075,213</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>3,242,130,049</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><FONT STYLE="font-size: 10pt">The balances
of Cash and deposits in banks as of June 30, 2024 and December 31, 2023 amounted to 2,016,305,835 and 2,861,812,232, respectively</FONT>.</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->101<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><B>5. <FONT STYLE="color: #072146">Debt
securities at fair value through profit or loss</FONT></B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Government securities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">464,549,438</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">105,324,026</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">BCRA Liquidity Bills</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">158,751,185</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">BCRA Notes</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">703,319</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Private securities &#8211; Corporate bonds</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">67,346</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>624,071,288</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>105,324,026</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 7.1pt 0 28.35pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 7.1pt 0 28.35pt">A breakdown of this information is provided in Exhibit
A.</P>

<P STYLE="font: 12pt/12pt BBVA Benton Sans Book,serif; margin: 0 7.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 7.1pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><B>6. <FONT STYLE="color: #072146">Derivative
instruments</FONT></B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">In the ordinary course of business,
the Bank carried out foreign currency forward transactions with daily or upon-maturity settlement of differences, with no delivery of
the underlying asset and interest rate swap transactions. These transactions do not qualify as hedging pursuant to IFRS 9 - &#8220;Financial
Instruments&#8221;.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The aforementioned instruments are
measured at fair value and were recognized in the Consolidated Statement of Financial Position in the item &#8220;Derivative instruments&#8221;.
Changes in fair values were recognized in the Consolidated Statement of Income in &#8220;Net income from measurement of financial instruments
at fair value through profit or loss&#8221;.</P>

<P STYLE="font: 12pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><U>Assets</U></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Debit balances linked to foreign currency forwards pending settlement in pesos</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,037,675</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,669,663</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Debit balances linked to interest rate swaps - floating rate for fixed </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,000,585</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">682,861</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12,038,260</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>11,352,524</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><U>Liabilities</U></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Credit balances linked to foreign currency forwards pending settlement in pesos</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">15,007,957</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,441,163</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Credit balances linked to interest rate swaps - floating rate for fixed </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">37,746</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>15,045,703</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>4,441,163</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt">&nbsp;</P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->102<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B><U>Foreign currency forward</U></B></FONT></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="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 11pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Foreign currency forward purchases - US$</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">441,274</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">718,460</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 11pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Foreign currency forward purchases - Euros</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">&#8212;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 11pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"></FONT><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Foreign currency forward sales - US$</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">598,462</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">705,015</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 11pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"></FONT><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Foreign currency forward sales - Euros</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,704</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,451</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B><U>Interest rate swaps</U></B></FONT></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="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Fixed rate for floating rate (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">23,381,111</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,044,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 28.35pt 0 42.55pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(1)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Floating rate: Badlar rate, interest rate for deposits over
one million pesos, for a term of 30 to 35 days.</FONT></P>

<P STYLE="font: 9pt BBVA Benton Sans Book,serif; margin: 0 0 0 42.55pt; text-indent: -14.2pt">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; text-align: justify"><B>7. <FONT STYLE="color: #072146">Repo
transactions and surety bonds</FONT></B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; text-align: justify">No reverse repurchase transactions,
repurchase transactions or surety bonds were accounted for as of June 30, 2025 and December 31, 2024.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><B>8. <FONT STYLE="color: #072146">Other
financial assets</FONT></B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 17pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></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="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"><B>Measured at amortized cost</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other receivables</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">168,365,911</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">164,836,437</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Receivables from sale of ownership interest in Prisma Medios de Pago S.A. (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">19,313,865</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">40,133,285</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Non-financial debtors from spot transactions pending settlement</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,045,408</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,217,566</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">865,446</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">756,295</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Financial debtors from spot transactions pending settlement</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">74,285,197</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>192,590,630</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>291,228,780</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Allowance for loan losses (Exhibit R)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(1,876,096)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(1,815,424)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>190,714,534</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>289,413,356</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/9.6pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B><SUP>(1)</SUP></B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">On October 1, 2021, the Bank, together
with the other Class B Shareholders, gave notice of the exercise of the put option and therefore initiated the procedure to sell 49% of
the capital stock in the company Prisma Medios de Pago S.A.</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt/9.6pt BBVA Benton Sans Book,serif; margin: 6pt 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$ 40,038,122. 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.<BR STYLE="clear: both">
</P>


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<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt"><B>9. <FONT STYLE="color: #072146">Loans and other financing</FONT></B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The Bank holds loans and other financing
under a business model intended to collect contractual cash flows. Therefore, the Bank measures loans and other financing at amortized
cost. Breakdown is as follows:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Credit cards</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,618,849,594</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,362,579,202</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Loans for the prefinancing and financing of exports</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,732,511,231</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,155,367,704</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Notes</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,420,119,096</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,264,004,243</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Consumer loans</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,262,488,441</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">911,308,647</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Overdrafts </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,179,110,391</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">740,078,803</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Discounted instruments</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">750,457,101</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">840,509,071</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Mortgage loans</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">428,808,404</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">269,490,359</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other financial institutions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">337,746,499</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">198,187,129</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Pledge loans</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">101,119,175</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">75,726,114</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Loans to employees</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">86,729,564</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">50,686,299</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Receivables from finance leases</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">29,529,459</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">27,098,112</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Non-financial government sector</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,706,568</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,110,368</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Instruments purchased</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">637,468</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,059,750</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other financing</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,047,758,291</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">636,044,688</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>10,999,571,282</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>8,533,250,489</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Allowance for loan losses (Exhibit R)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(322,819,422)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(194,406,263)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>10,676,751,860</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>8,338,844,226</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The Bank 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 BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072346"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072346"><B>12.31.24</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 32%; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072346"><B>Term</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072346"><B>Total investment</B></FONT></TD>
    <TD STYLE="width: 16%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072346"><B>Current value of minimum payments</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 3%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072346"><B>Total investment</B></FONT></TD>
    <TD STYLE="width: 16%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072346"><B>Current value of minimum payments</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Up to 1 year</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">18,179,103</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,858,850</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">17,077,387</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,631,489</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 9pt/9pt BBVA Benton Sans Book,serif; margin: 0">From 1 to 2 years</P>
    <P STYLE="font: 12pt/9pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">16,739,054</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,166,992</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">15,929,932</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,864,264</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 9pt/9pt BBVA Benton Sans Book,serif; margin: 0">From 2 to 3 years</P>
    <P STYLE="font: 12pt/9pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,039,337</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,122,223</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,110,266</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,554,649</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 9pt/9pt BBVA Benton Sans Book,serif; margin: 0">From 3 to 4 years</P>
    <P STYLE="font: 12pt/9pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,088,005</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,542,774</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,574,093</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,046,477</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 9pt/9pt BBVA Benton Sans Book,serif; margin: 0">From 4 to 5 years</P>
    <P STYLE="font: 12pt/9pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,869,593</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,415,210</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,616,170</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,111,154</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">More than 5 years</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">623,554</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">423,410</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,198,079</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">890,079</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>53,538,646</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>29,529,459</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>52,505,927</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>27,098,112</B></FONT></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>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Share capital</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">29,191,037</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">26,478,996</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest accrued</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">338,422</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">619,116</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072346"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072346"><B>29,529,459</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072346"><B>27,098,112</B></FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 12pt 28.35pt; text-align: justify">The breakdown of loans and other
financing according to credit performance as per the criteria set forth by the BCRA are presented in Exhibit B. The information on 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 to the carrying amounts is shown below:</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 62%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 18%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 18%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>Total Exhibit B and C</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>11,103,097,507</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>8,813,604,410</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>Plus:</B></FONT></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-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans to employees</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">86,729,564</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">50,686,299</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest and other items accrued receivable from financial assets with credit value impairment</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,897,484</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,208,867</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>Less:</B></FONT></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-right: 2.65pt; padding-left: 12pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Allowance for loan losses (Exhibit R)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(322,819,422)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(194,406,263)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 9pt/9pt BBVA Benton Sans Book,serif; margin: 0 0 0 7.15pt">Adjustments for effective interest rate</P>
    <P STYLE="font: 12pt/9pt BBVA Benton Sans Book,serif; margin: 0 0 0 12pt">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(31,369,047)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(26,190,631)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 9pt/9pt BBVA Benton Sans Book,serif; margin: 0 0 0 7.15pt">Corporate bonds and other private securities</P>
    <P STYLE="font: 12pt/9pt BBVA Benton Sans Book,serif; margin: 0 0 0 12pt">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(27,443,013)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(44,111,085)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 12pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Loan commitments</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(138,341,213)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(263,947,371)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Total Loans and other financing</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>10,676,751,860</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>8,338,844,226</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Note 43.2 to the consolidated condensed
interim financial statements contains information on credit risk associated with loans and other financing and allowances measured using
the expected credit loss model.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 0 28.35pt; text-align: justify">As of June 30, 2025 and December
31, 2024, the Bank 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 9pt BBVA Benton Sans Book,serif; margin: 2.65pt 0 1.5pt">Liabilities related to foreign trade transactions</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">51,760,254</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">64,780,774</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 9pt/9pt BBVA Benton Sans Book,serif; margin: 2.65pt 0 1.5pt">Secured loans</P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">49,092,055</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">69,754,789</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 9pt/9pt BBVA Benton Sans Book,serif; margin: 2.65pt 0 1.5pt">Overdrafts and receivables agreed not used</P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">33,756,363</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">125,445,329</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 9pt/9pt BBVA Benton Sans Book,serif; margin: 2.65pt 0 1.5pt">Guarantees granted</P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,732,541</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,966,479</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>138,341,213</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>263,947,371</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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>


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    <!-- Field: /Page -->

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

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

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><B>10. <FONT STYLE="color: #072146">Other
debt securities</FONT></B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 17pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #004481"><B>10.1. Financial
assets measured at amortized cost</B></P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Argentine Treasury Bonds in pesos. Maturity 08-23-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">49,034,282</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">144,437,561</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Argentine Treasury Bonds in pesos. Maturity 05-23-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">16,019,595</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">27,668,789</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Argentine Treasury Bonds in pesos at 0.7% Badlar Private Rate. Maturity 11-23-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,371,171</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,938,310</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>75,425,048</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>184,044,660</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #004481"><B>10.2. Financial
assets measured at fair value through OCI</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 49.65pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Government securities&nbsp;&nbsp;(1)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,322,710,447</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,603,519,879</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Private securities - Corporate bonds</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">26,424,739</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">43,224,278</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">BCRA Notes</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">42,699,642</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>2,349,135,186</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>2,689,443,799</B></FONT></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/12pt Lucida Sans; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">In addition, see information under
Debt Swap, Note 9.2 to the consolidated financial statements.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 7.1pt 0 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 7.1pt 0 28.35pt">A breakdown of this information is provided in Exhibit
A.</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><B>11. <FONT STYLE="color: #072146">Financial
assets pledged as collateral</FONT></B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 12pt 0 0 28.35pt; text-align: justify">As of June 30, 2025 and December
31, 2024, the Bank pledged as collateral the following financial assets:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 64%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">BCRA - Special guarantee accounts (Note 40.1)</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(1)</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">152,442,820</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">243,742,657</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Deposits as collateral</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(2)</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">146,616,913</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">145,208,715</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Guarantee trust &#8211; USD - Government securities at fair value through OCI </FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(3)</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">52,809,893</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">34,996</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Guarantee trust - Government securities at fair value through OCI</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(4)</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,197,724</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">143,871,318</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>355,067,350</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>532,857,686</B></FONT></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt/7.85pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">Special guarantee current accounts opened at the
BCRA for transactions related to the automated clearing houses and other similar entities.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt/7.85pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">Deposits pledged as collateral for activities related
to credit card transactions in the country and abroad and leases.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt/7.85pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">(3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">As of June 30, 2025, the trust was composed of
dollars in cash and Treasury Bills (Species D16E6), Bonds for the reconstruction of a Free Argentina (Species BPOB7, BPOD7 and BPOC7)
and Private Securities (Species YM35O, YMCYO and YMCZO). As of December 31, 2024, the trust was composed of dollars in cash.</FONT></TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt/7.85pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">(4)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif">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 is composed of Treasury Bonds in pesos adjusted by Cer due 2026 (Species TZX26). As of December
31, 2024, the trust was composed of species T2X5, TX26 and TZXD5. </FONT></TD></TR></TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->106<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify"></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><B>12. <FONT STYLE="color: #072146">Income
tax</FONT></B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 allocation to income 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; color: #004481"><B>12.1. Current income tax assets</B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 12pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 64%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 17%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 17%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Tax advances</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">85,062</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">51,999,350</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>85,062</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>51,999,350</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 0 28.35pt; text-align: justify; color: #004481"><B>12.2. Current
income tax liabilities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 28.35pt">No balance is recorded for the fiscal period/year
ended June 30, 2025 and December 31, 2024, respectively.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #004481"><B>12.3. Deferred income
tax</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The composition and evolution of deferred
income tax assets and liabilities is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 12%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 12%">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt">
    <P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>Account</B></P>
    <P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Changes recognized through</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>As of 06.30.25</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>As of 12.31.24</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Profit or loss</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>OCI</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Deferred tax asset</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Deferred tax liability</B></FONT></TD></TR>
  <TR>
    <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>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Allowance for loan losses</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">51,856,087</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">40,379,939</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">92,236,026</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    </TR>
  <TR>
    <TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Provisions</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">64,501,719</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,083,814</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">66,585,533</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Loans and cards commissions</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">8,606,665</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">711,406</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9,318,071</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Organizational expenses and others</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(51,033,534)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(12,202,467)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(63,236,001)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Property and equipment and miscellaneous assets</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(93,131,484)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">559,307</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(92,572,177)</FONT></TD>
    </TR>
  <TR>
    <TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Debt securities and investments in equity instruments</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(17,071,601)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">13,890,110</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(3,181,491)</FONT></TD>
    </TR>
  <TR>
    <TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Tax loss</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">56,614,710</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(41,335,926)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">15,278,784</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    </TR>
  <TR>
    <TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Other</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">59</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(7)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">52</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>Balance</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>20,342,621</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>4,086,176</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>183,418,466</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(158,989,669)</B></FONT></TD>
    </TR>
  <TR>
    <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>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Offsettings</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(158,989,669)</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>158,989,669</B></FONT></TD>
    </TR>
  <TR>
    <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>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Net deferred assets</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>24,428,797</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD>
    </TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 21.25pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify"></P>


<!-- Field: Page; Sequence: 108 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->107<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Account</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Changes recognized through</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>As of 12.31.24</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>As of 12.31.23</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Profit or loss</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>OCI</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Deferred tax asset</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Deferred tax liability</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%">&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></TR>
  <TR>
    <TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Allowance for loan losses</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">30,904,502</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">20,951,585</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">51,856,087</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Provisions</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">89,240,302</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(24,738,583)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">64,501,719</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Loans and cards commissions</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">9,048,081</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(441,416)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">8,606,665</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Organizational expenses and others</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(42,272,892)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(8,760,642)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(51,033,534)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Property and equipment and miscellaneous assets</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(104,546,188)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">11,414,704</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(93,131,484)</FONT></TD></TR>
  <TR>
    <TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Debt securities and investments in equity instruments</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(43,712,080)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">26,640,479</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(17,071,601)</FONT></TD></TR>
  <TR>
    <TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Tax inflation adjustment</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,648,337</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(2,648,337)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Tax loss</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">56,614,710</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">56,614,710</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">129</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(70)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">59</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #004481"><B>Balance</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(58,689,809)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>79,032,430</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>181,579,240</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #004481"><B>(161,236,619)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; text-indent: 9.8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Offsettings</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>(161,236,619)</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>161,236,619</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Net deferred assets</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>20,342,621</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 0 28.35pt; text-align: justify; color: #004481"><B>12.4. Income tax</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Below are the main components of the
income tax expense in the separate condensed financial statements:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 46%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Current income tax expense</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(3,336,094)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(68,653,730)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">18,931,639</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">22,024,916</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Income/(loss) from deferred income tax</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(16,717,371)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,086,176</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(104,932,308)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(143,806,136)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Income tax recognized through profit or loss</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>(20,053,465)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>(64,567,554)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>(86,000,669)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>(121,781,220)</B></FONT></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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Income tax recognized through OCI</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>5,058,842</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>68,696,391</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>86,802,759</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>229,518,328</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Total income tax</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>(14,994,623)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>4,128,837</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>802,090</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>107,737,108</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The Bank's effective tax rate calculated
on the income tax recognized in the income statement for the fiscal period ended June 30, 2025 and 2024 was 32% and 36%, respectively.</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The income tax, pursuant to IAS 34,
is recognized in interim periods over the best estimate of the weighted tax rate that the Entity expects for the fiscal year.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><B>13. <FONT STYLE="color: #072146">Investments
in equity instruments</FONT></B></P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #004481"><B>13.1. Investments
in equity instruments through profit or loss</B></P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Private securities - Shares of other non-controlled companies <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,387,924</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,386,294</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>6,387,924</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>9,386,294</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><SUP>(1) See Exhibit A to the separate
financial statements.</SUP></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #004481"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #004481"><B>13.2. Investments
in equity instruments through other comprehensive income</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><SUP>&nbsp;</SUP></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><SUP>&nbsp;</SUP></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Compensadora Electr&oacute;nica S.A.</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,100,954</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,804,901</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">A3 Mercados S.A. (former Mercado Abierto Electr&oacute;nico S.A.)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,501,911</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,164,532</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Banco Latinoamericano de Exportaciones S.A.</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">973,091</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">847,082</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Seguro de Dep&oacute;sitos S.A.</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">308,770</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">308,770</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">55,864</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">57,030</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>8,940,590</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>5,182,315</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0"><B>&nbsp;</B></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->109<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0"><B>&nbsp;</B></P>

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

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><B>14. <FONT STYLE="color: #072146">Investments
in subsidiaries and associates</FONT></B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 0 28.35pt; 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: 8pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"><B>Subsidiaries</B></FONT></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-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">BBVA Asset Management Argentina S.A.U. Sociedad Gerente de Fondos Comunes de Inversi&oacute;n&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">55,458,124</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">35,466,794</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Volkswagen Financial Services Compa&ntilde;&iacute;a Financiera S.A.</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">37,323,981</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">33,847,008</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">PSA Finance Arg. C&iacute;a. Financiera S.A.</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">20,032,372</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">15,712,809</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Consolidar A.F.J.P. S.A. (undergoing liquidation proceedings) </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">179,380</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">217,652</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"><B>Associates</B></FONT></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-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Rombo Compa&ntilde;&iacute;a Financiera S.A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">15,906,088</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,921,771</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">BBVA Seguros Argentina S.A.</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,437,287</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,536,166</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interbanking S.A.</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,101,631</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,885,340</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Openpay Argentina S.A. (2)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">877,983</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">848,976</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Play Digital S.A. (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">497,880</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,221,457</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>144,814,726</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>112,657,973</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><SUP>(1)</SUP></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">To establish the value of this
investment, accounting information from Play Digital S.A. has been used as of March 31, 2025. Additionally, significant transactions carried
out or events that occurred between April 1 and June 30, 2025 have been considered. In addition, on August 23, 2024, a capital contribution
was made for 427,401 (549,851 in restated values). </FONT></TD></TR></TABLE>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0 0 0 49.6pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><SUP>(2)</SUP></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">On April July 4, 2024, a capital
contribution was made, amounting to 250,377 (335,549 in restated values), which was paid in in cash.</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.5in"><SUP>&nbsp;</SUP></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">In addition, see also the information under
Offer to purchase 50% of FCA Compa&ntilde;&iacute;a Financiera S.A. in Note 2.2 to the consolidated financial statements.</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->110<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>15. Property and
equipment</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Real Estate </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">501,168,038</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">502,309,599</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Furniture and facilities </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">90,825,092</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">95,070,637</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Right of use - Real estate (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">68,270,611</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">65,529,674</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Machinery and equipment</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">45,652,643</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">55,747,331</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Works in progress</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">39,335,035</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">22,861,364</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Vehicles </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,555,503</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,195,622</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>747,806,922</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>743,714,227</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><SUP>(1) </SUP>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
separate condensed interim financial statements.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">As mentioned in Note 2.3.12 to the
consolidated financial statements for the fiscal year ended December 31, 2024, which have already been issued, the recoverable value of
Property and equipment exceeded its accounting balance.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>16. Intangible assets</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></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="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Own systems development expenses</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">87,822,226</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">78,980,916</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>87,822,226</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>78,980,916</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B></B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>17. Other non-financial
assets</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.6pt; text-indent: -0.25pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></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="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Investment properties</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">151,950,973</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">153,381,752</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Prepayments</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">35,426,482</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">32,199,311</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Tax advances</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">25,032,127</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">17,277,740</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Advances to suppliers of goods</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">21,726,967</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">19,953,675</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other miscellaneous assets</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">16,597,574</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">14,453,659</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Advances to personnel</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">267,178</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,633,893</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Foreclosed assets</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">128,562</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">130,029</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,444,987</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,001,870</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146">TOTAL</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>262,574,850</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>253,031,929</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; 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 &#8220;Other operating income&#8221; on a straight-line
basis during the term of the lease.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 112 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->111<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt/11.2pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/112% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">As mentioned in note 2.3.12 to the
consolidated financial statements for the fiscal year ended December 31, 2024, which have already been issued, the recoverable value of
Investment properties does not exceed its accounting balance considering the impairment recorded as of such date in the properties detailed
below:</P>

<P STYLE="font: 10pt/112% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"><B>Account</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-top: 2.15pt; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"><B>Impairment</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 60%; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 19%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1.15pt; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 19%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1.15pt; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Rented Real Estate &#8211; Torre BBVA</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(19,202,583)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(19,202,583)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Rented Real Estate &#8211; Della Paolera</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(12,520,149)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(12,520,149)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Rented Real Estate &#8211; Edificio Tesla</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(9,905,056)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(9,905,056)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Rented Real Estate - Viamonte</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(1,712,163)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(1,712,163)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>(43,339,951)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>(43,339,951)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 13.65pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>18. Non-current
assets held for sale</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">It includes pieces of real estate located
in the Argentine Republic, which the Bank&#8217;s Board of Directors agreed to sell in the short term. Breakdown is as follows:</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 62%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 18%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 18%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Real Estate held for sale &#8211; Villa del Parque</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,737,853</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,737,853</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Real Estate held for sale - Llavallol</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">955,248</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">955,248</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Real Estate held for sale - Avellaneda</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">396,904</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">396,904</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Real Estate held for sale - Villa Lynch</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">314,052</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">314,052</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Real Estate held for sale - Bernal</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">231,848</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">231,848</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Real Estate held for sale &#8211; Fisherton (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">679,809</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>3,635,905</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>4,315,714</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt"><SUP>&nbsp;</SUP></P>

<P STYLE="font: 8pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><SUP>(1)</SUP> On January 13, 2025,
the real estate held for sale &#8211; Fisherton was sold.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">As mentioned in note 2.3.12 to the
consolidated financial statements for the fiscal year ended December 31, 2024, which have already been issued, the recoverable value of
non-current assets held for sale does not exceed its accounting balance considering the impairment recorded as of such date detailed below:</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"><B>Account</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"><B>Impairment</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 16%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Real Estate held for sale - Fisherton</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(1,140,248)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>(1,140,248)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; text-indent: 28.35pt; color: #072146"><B>19. Deposits</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">The information on concentration of
deposits is disclosed in Exhibit H. Breakdown is as follows:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Non-financial Government sector</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">126,092,240</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">138,823,337</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Financial sector</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,430,342</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">45,371,171</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Non-financial Private Sector and Residents Abroad</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,944,487,385</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,281,393,984</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savings accounts</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,491,004,366</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,258,854,912</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time deposits</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,840,433,231</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,559,436,695</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Checking accounts</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,226,594,730</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,050,443,609</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment accounts</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">330,128,284</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">349,611,053</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">56,326,774</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">63,047,715</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>13,082,009,967</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>11,465,588,492</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>20. Liabilities
at fair value through profit or loss</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 28.35pt">Breakdown is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Liabilities for transactions with government securities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">422,633</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>422,633</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>-</B></FONT></TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 114 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->113<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>21. Other financial
liabilities</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Obligations from financing of purchases</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,119,342,401</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,044,425,296</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Funds collected under ARCA&#8217;s instructions </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">153,605,730</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">22,014,887</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Receivables for spot purchases pending settlement</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">127,237,351</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,292,057</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Collections and other transactions on behalf of third parties</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">103,805,913</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">119,351,248</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Payment orders pending credit</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">40,417,646</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">33,902,150</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Lease liabilities (Note 25)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">37,412,226</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">37,181,241</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Commissions accrued payable</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">190,993</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">196,623</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Cash and cash equivalents from spot purchases or sales pending settlement</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">34,945,529</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">67,511,631</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">68,515,060</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>1,649,523,891</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>1,370,824,091</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>22. Financing received
from the BCRA and other financial institutions</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Foreign financial institutions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">66,507,397</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">50,385,809</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Local financial institutions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">36,421,541</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">894,535</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">BCRA</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">388,623</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">268,080</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>103,317,561</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>51,548,424</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 115 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->114<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>23. Corporate bonds
issued</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">As of June 30, 2025 and December 31,
2024, the balances related to corporate bonds of the Bank were as follows:</P>

<P STYLE="font: 9pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Detail</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; background-color: white">&nbsp;</TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Issuance date</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; background-color: white">&nbsp;</TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Nominal value</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; background-color: white">&nbsp;</TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Maturity</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; background-color: white">&nbsp;</TD>
    <TD STYLE="width: 30%; border-bottom: black 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Rate</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; background-color: white">&nbsp;</TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Payment of interest</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; background-color: white">&nbsp;</TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Outstanding securities as of 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; background-color: white">&nbsp;</TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Outstanding securities as of 12.31.24</B></FONT></TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&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="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&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>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Class 30 BBVA - ARS</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">12.12.24</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">24,150,965</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">09.12.25</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">FIJA TEM 2.75 %</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Upon maturity</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">24,150,965</FONT></TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">17,366,068</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Class 31 BBVA - ARS</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">12.12.24</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">37,706,733</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">12.12.25</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">TAMAR + 2.74 %</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Quarterly</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">37,706,733</FONT></TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">43,399,224</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Class 32 BBVA - US$</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">02.27.25</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">19,714,315</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">02.27.26</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">FIXED 3.5 %</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Upon maturity</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">19,714,315</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Class 33 BBVA - US$</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">02.27.25</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">24,413,963</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">08.27.25</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">FIXED 4 %</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Upon maturity</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">24,413,963</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Class 34 BBVA - ARS</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">02.27.25</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">57,002,870</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">02.27.26</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">TAMAR + 2.75 %</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Quarterly</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">57,002,870</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Class 35 BBVA &#8211; US$</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">06.03.25</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">74,406,560</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">06.03.26</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">FIXED 5.75 %</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Semi-annual</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">74,406,560</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Class 36 BBVA - ARS</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">06.10.25</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">113,034,489</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">06.10.26</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">TAMAR + 3.20 %</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Quarterly</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">113,034,489</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Class 29 BBVA - ARS</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">09.23.24</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">24,500,000</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">06.23.25</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">BADLAR + 5 %</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Quarterly</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">28,198,704</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&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>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Total Principal</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>350,429,895</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>88,963,996</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Accrued Interest</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>10,803,276</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>1,460,000</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>Total Principal and Interest accrued</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; background-color: white; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>361,233,171</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 2.25pt double; background-color: white; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #002060"><B>90,423,996</B></FONT></TD>
    </TR>
  </TABLE>
<P STYLE="font: 9pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify"><U>Definitions</U></P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt/9.6pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">BADLAR RATE: Interest rate for deposits
over 1 (one) million pesos, for a term of 30 to 35 days.</P>

<P STYLE="font: 8pt/9.6pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">TAMAR RATE: Interest rate for deposits
over 1 (one) billion, for a term of 30 to 35 days.</P>

<P STYLE="font: 8pt/9.6pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">TEM: Monthly effective rate.</P>

<P STYLE="font: 8pt/9.6pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt/9.6pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">Below is a detail of current Corporate Bonds Global
Program:</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 9%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Company</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Authorized Amount</B></FONT></TD>
    <TD STYLE="width: 16%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Type of Corporate Bond</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Program Term</B></FONT></TD>
    <TD STYLE="width: 18%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>Date of Approval by Shareholders/Board of Directors</B></FONT></TD>
    <TD STYLE="width: 39%; border: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>CNV Approval</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Banco BBVA Argentina S.A.</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">US$ 1,000,000 thousand or its equivalent</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Non-subordinated, simple corporate bonds not convertible into shares, secured, if permitted by current regulations, with floating and/or special guarantees, and/or subordinated, convertible or not into shares, secured.</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">5 years</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Meetings dated July 15, 2003, April 26, 2007, March 28, 2008, March 30, 2011, March 26, 2012, April 9, 2013, and April 10, 2018. Approval by Board of Directors&#8217; Meetings dated August 31, 2004, December 7, 2004, September 24, 2008, September 23, 2009, December 22, 2009, June 24, 2022, December 20, 2022, May 22, 2024 and March 26, 2025</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Resolution No. 14,967 dated 11/29/2004, extended by Resolution No. 16,010 dated 11/06/2008. The increase in the total outstanding amount of the Program was authorized by Resolution No. 16,611 dated 07/21/2011 and Resolution No. 16,826 dated 05/30/2012. Additionally, a new extension of the Program term was authorized by Resolution No. 17,127 dated 07/11/2013, while the amendment to its general terms and conditions, extension of its validity, and increase in the maximum amount were authorized by Resolution No. RESFC-2018-19516-APN-DIR#CNV dated 05/17/2018. The extension of the Program term, reduction of the amount, and amendment to certain terms and conditions were authorized by Provision No. DI-2022-36-APN-GE#CNV dated 07/13/2022 by the CNV. Finally, the increase of the Program amount was authorized by CNV Resolution No. DDI-2025-80-APN-GE#CNV dated May 15, 2025.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

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

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>24. Other non-financial
liabilities</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 64%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 17%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 17%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Miscellaneous creditors</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">327,577,657</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">289,974,543</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Short-term personnel benefits</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">119,440,461</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">123,725,447</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other collections and withholdings</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">105,298,243</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">106,270,332</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Advances collected</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">65,994,760</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">80,579,673</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other taxes payable</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">61,331,518</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">46,870,908</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Dividends payable (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">30,977,476</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Long-term personnel benefits</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,509,382</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,265,554</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">For contract liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,400,065</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,705,970</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Social security payment orders pending settlement </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,973,379</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,113,659</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Termination benefits payable </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,926,267</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">871,318</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,475,568</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><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></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>724,374,259</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>667,907,921</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Lucida Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">See note 44 to the consolidated
financial statements.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 13.65pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>25. Leases</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><U>The Bank as lessee</U></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 12pt 0 12pt 28.35pt; 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 June 30, 2025 and December 31, 2024:</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #002060"><B>Rights of use under
leases</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #002060"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Original</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="6" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Impairment</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Residual</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 20%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>value as of</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 8%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 9%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Accumulated</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>For the </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Accumulated as of</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>value as of</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Account</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>01.01.25</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Additions</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Derecognitions</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>as of 01.01.25</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Derecognitions</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>period (1)</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.25</B></FONT></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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Leased real estate</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">122,404,041</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">5,603,563</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">1,632,815</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">56,874,367</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">1,121,732</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">2,351,543</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">58,104,178</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">68,270,611</FONT></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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1) Note 37</FONT></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>
    <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>
    <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>
    <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>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>


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    <!-- Field: /Page -->

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Original</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="6" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Impairment</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Residual</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 15%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>value as of</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 9%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Accumulated</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>For the</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Accumulated</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>value as of</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Account</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>01.01.24</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Additions</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Derecognitions</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>as of 01.01.24</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Derecognitions</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>year</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>at fiscal year-end</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>12.31.24</B></FONT></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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Leased real estate</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">122,757,261</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">15,734,212</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">16,087,432</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">61,776,281</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">9,250,318</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">4,348,404</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">56,874,367</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">65,529,674</FONT></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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #002060"><B>Lease liabilities</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Future minimum payments for lease agreements
are as follows:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 32%; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>In foreign currency</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>In local currency</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></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>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Up to one year</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,794,160</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">394,287</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,188,447</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,188,255</FONT></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>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">From 1 to 5 years</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">18,742,344</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,115,947</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">23,858,291</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">25,240,597</FONT></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>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">More than 5 years</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,365,488</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,365,488</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,752,389</FONT></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 STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <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>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>37,412,226</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>37,181,241</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #002060"><B>Interest and exchange
rate difference recognized in profit or loss </B></P>

<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 66%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Other operating expenses</B></FONT></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="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest on lease liabilities (Note 38)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(2,076,028)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(2,358,890)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Exchange rate difference</B></FONT></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="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Exchange rate difference for finance lease (loss)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(4,389,415)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(4,889,811)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 13.65pt; text-align: justify; text-indent: -3.3pt; color: #072146"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>26. Interest income</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 49.65pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 43%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from instruments</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">182,615,787</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">358,913,500</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">142,538,416</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">372,045,193</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from consumer loans</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">171,238,006</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">317,001,165</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">73,105,465</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">139,137,578</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from credit card loans</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">164,638,791</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">316,804,116</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">130,218,345</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">280,934,496</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from government securities</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">112,695,016</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">292,018,148</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">194,260,454</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">287,056,473</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">CER clause adjustment</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">102,480,190</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">186,225,023</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">351,740,674</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">813,937,452</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from overdrafts</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">87,647,033</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">151,096,678</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">88,707,375</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">204,195,093</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from other loans</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">58,586,070</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">99,566,539</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">17,033,332</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">48,523,939</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">UVA clause adjustment</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">39,281,124</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">65,131,241</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">76,781,073</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">186,483,531</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from loans to the financial sector</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">23,989,204</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">43,254,858</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">17,839,141</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">34,745,015</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from loans for the prefinancing and financing of exports</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">20,497,905</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">32,608,878</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,433,598</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,547,511</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from pledge loans</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,436,080</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">16,533,532</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,416,954</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">13,892,532</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from mortgage loans</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,915,185</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,443,495</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,738,935</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,441,456</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from finance leases</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,964,526</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,917,247</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,995,355</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,631,191</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from private securities</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">666,758</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,427,769</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,272,041</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,600,534</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Premium for reverse repurchase agreements</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,283</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,283</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">205,721,125</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">961,825,641</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other financial interest income</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,120,656</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,443,387</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,015,571</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,775,467</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>988,781,614</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>1,908,394,859</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>1,320,817,854</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>3,370,773,102</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 13.65pt; text-align: justify; text-indent: -3.3pt">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>27. Interest expense</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 44%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from time deposits</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">336,899,544</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">633,628,207</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">264,733,698</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">642,802,312</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from current accounts deposits</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">65,143,017</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">121,162,822</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">68,814,543</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">401,443,332</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from other financial liabilities </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">20,488,351</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">35,378,533</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">13,376,669</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">13,627,336</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">UVA clause adjustment </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,535,941</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,097,833</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">52,008,376</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">121,818,632</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest from savings accounts deposits </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,209,590</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,114,490</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,655,982</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">15,348,515</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Borrowing surety bond transactions </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,749,229</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,600,745</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Premium for repurchase agreements </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,613,202</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">41,296</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">41,296</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interfinancial loans received</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">114,414</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">227,662</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">346,147</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,982,286</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>431,140,086</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>807,823,494</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>405,976,711</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>1,197,063,709</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>28. Commission income</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 44%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">For credit cards</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">87,025,992</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">185,416,547</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">85,886,529</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">162,793,660</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Linked to liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">52,422,616</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">103,469,120</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">42,678,738</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">80,925,790</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">From insurance</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,812,709</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">13,678,709</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,651,306</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,106,353</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">From foreign trade and foreign currency transactions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,264,852</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,683,674</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,254,757</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">15,709,752</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Linked to securities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,903,030</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,586,289</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,587,801</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,030,662</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Linked to loans</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,039,819</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,202,615</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,464,571</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,869,576</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Linked to loan commitments</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">104,712</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,522,936</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">226,095</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">310,987</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">From guarantees granted</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">24,324</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">99,882</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">120,829</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">226,257</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>159,598,054</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>333,659,772</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>151,870,626</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>289,973,037</B></FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; text-indent: -3.3pt; color: #072146"><B>29.
Commission expenses</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 44%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 2.25pt; padding-left: 2.25pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">For credit and debit cards</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">51,476,297</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">103,150,640</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">47,645,611</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">79,152,457</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">For foreign trade transactions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">17,258,480</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">32,195,092</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">19,562,113</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">38,605,710</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">For new channels</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,560,979</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,576,250</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,758,881</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,966,084</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">For payment of wages</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,237,637</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,321,806</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,794,058</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,036,442</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">For data processing</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,552,400</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,319,945</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,662,966</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,678,153</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">For advertising campaigns</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">145,597</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">666,440</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">75,315</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">382,384</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Linked to transactions with securities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">145,652</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">193,944</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">37,032</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">86,382</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other commission expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">495,488</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,471,605</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,596,662</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,287,604</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>82,872,530</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>168,895,722</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>83,132,638</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>153,195,216</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>30. Net income (loss)
from measurement of financial instruments at fair value through profit or loss</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 44%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Gain/(loss) from government securities </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">40,305,892</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">72,720,391</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">44,372,084</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">101,994,308</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Gain/(loss) from foreign currency forward transactions </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,699,362</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,782,880</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(3,528,361)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(14,735,214)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest rate swaps</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,199,139</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">806,871</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">537,913</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">537,913</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Gain from corporate bonds</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,954</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,288</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,017,217</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,175,601</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Loss from put options taken</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(615,831)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(1,625,443)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Gain/(loss) from private securities </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(355,107)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(2,010,476)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">891,121</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">543,787</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(403)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(403)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,310</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>43,858,837</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>75,309,551</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>42,674,143</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>87,894,262</B></FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->120<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>31. Net income from
write-down of assets at amortized cost and at fair value through OCI</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 44%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.9pt; padding-left: 1.9pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Income from sale of government securities</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(336,417)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">82,734,310</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">13,521,058</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">117,630,943</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Income from sale of private securities</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">42,516</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,932,935</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,536,451</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,443,631</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"><B>(293,901)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>84,667,245</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>19,057,509</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>123,074,574</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>32. Foreign exchange
and gold gains/(losses)</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 44%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Income from trading in foreign currency </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">50,341,763</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">70,587,703</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">16,187,663</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">27,231,045</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Conversion of foreign currency assets and liabilities into pesos </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,498,880</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(6,889,923)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,320,712</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">18,640,217</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>54,840,643</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>63,697,780</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>28,508,375</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>45,871,262</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify"></P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146; text-indent: 0.5in"><B>33. Other operating income</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 44%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Adjustments and interest on miscellaneous receivables</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,344,054</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">19,083,446</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,567,614</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">35,260,060</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Rental of safe deposit boxes</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,127,755</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">16,275,430</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,270,967</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,843,704</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Debit and credit card commissions</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,425,361</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,896,002</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,585,149</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,775,333</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Punitive interest</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,703,570</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,419,492</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,063,058</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,610,181</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Loans recovered</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,228,827</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,490,668</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,277,825</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,698,566</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Rent</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,910,706</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,835,793</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,585,626</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,474,250</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Fees expenses recovered</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,599,099</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,211,731</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,147,627</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,319,120</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Commission from syndicated transactions </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">245,418</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">657,534</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">404,190</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">855,525</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Allowances reversed</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">861,230</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">861,230</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">Other operating income</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,507,609</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,388,045</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,060,504</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">15,081,818</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>40,092,399</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>80,258,141</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>38,823,790</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>85,779,787</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>34. Impairment of
financial assets</B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 46%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Financial assets at amortized cost</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Loan loss allowance in pesos</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">141,117,927</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">239,366,903</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">56,272,156</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">97,243,528</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Loan loss allowance in foreign currency</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,602,305</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,138,387</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(100,210)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,996,717</FONT></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></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Financial assets at fair value through OCI</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Correction of value due to credit losses</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,051</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(78,810)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(10,749)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">16,017</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>144,727,283</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>243,426,480</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>56,161,197</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>100,256,262</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->122<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify; color: #072146; text-indent: 0.25in"><B>35. Personnel
benefits</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify; text-indent: 0.25in">Breakdown is as follows:</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 47%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Salaries</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">80,623,513</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">158,450,023</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">78,152,337</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">156,396,842</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Social security withholdings and collections</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">25,747,385</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">48,337,818</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">21,897,085</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">47,629,998</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other short-term personnel benefits </FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">22,216,242</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">41,206,462</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">18,714,416</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">56,589,718</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Personnel services</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,837,100</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,308,079</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,635,105</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,091,539</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Personnel compensation and bonuses</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,850,366</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,843,072</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">22,994,084</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">24,742,864</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Personnel termination benefits (Exhibit J)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">912,765</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">912,765</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">986,367</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">986,367</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other long-term personnel benefits</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">934,488</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">934,488</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,975,994</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,975,994</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>139,121,859</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>264,992,707</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>150,355,388</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>296,413,322</B></FONT></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>
  </TABLE>
<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->123<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

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

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; text-indent: -3.3pt; color: #072146"><B>36.
Administrative expenses</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; text-indent: -3.3pt; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 46%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Contracted administrative services </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">24,458,431</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">52,739,818</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">22,777,589</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">43,852,926</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Taxes</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">17,774,812</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">35,485,911</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">38,421,304</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">77,276,280</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Armored transportation services</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,798,438</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">34,608,036</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">13,728,399</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">26,044,268</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Rent </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">15,928,021</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">31,120,705</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">21,014,651</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">46,059,376</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Maintenance and repair costs</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">13,444,500</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">26,154,105</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,916,898</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">26,561,127</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Advertising</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,626,483</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">25,692,953</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,371,720</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">22,008,502</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Documents distribution</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,972,554</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">13,996,925</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,344,427</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">13,388,988</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Security services</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,406,556</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">13,061,371</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,466,479</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,114,405</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">IT</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,048,294</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,648,199</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,936,598</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">22,217,219</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Electricity and communications</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,738,222</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,251,301</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,483,661</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,018,656</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Trade reports</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,518,046</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,139,934</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,829,523</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,983,404</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other fees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,352,741</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">10,036,239</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,390,668</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,238,885</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Insurance</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,219,612</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,649,489</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">981,119</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,149,299</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Representation and travel expenses</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,281,796</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,348,261</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">811,636</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,874,085</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Stationery and supplies</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">174,270</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">350,128</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">314,965</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">556,277</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Fees to Bank Directors and Supervisory Committee</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">199,558</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">342,323</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">159,901</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">293,330</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other administrative expenses</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,556,351</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">14,674,674</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,050,743</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,855,498</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>144,498,685</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>297,300,372</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>161,000,281</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>329,492,525</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>37. Asset depreciation
and impairment</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 46%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Property and equipment</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">16,043,722</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">33,165,843</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">14,954,426</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">29,063,427</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Intangible assets</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,924,536</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,263,599</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">7,767,335</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,448,594</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Right of use of leased real estate</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,183,540</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,351,543</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,117,307</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,712,424</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Depreciation of other assets</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,232,308</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,432,249</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">956,426</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,346,061</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>23,384,106</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>45,213,234</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>24,795,494</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>41,570,506</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>38. Other operating
expenses</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">Breakdown is as follows:</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 46%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.25</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%; padding-right: 2.6pt; padding-left: 2.6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Quarter ended 06.30.24</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accumulated as of 06.30.24</B></FONT></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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Turnover tax</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">102,134,232</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">189,533,678</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">124,201,745</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">217,599,294</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Initial recognition of loans</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">24,475,947</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">47,603,210</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">3,843,955</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,956,805</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other allowances (Exhibit J)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">12,600,655</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">19,832,006</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">(24,592,137)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">32,454,020</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Contribution to the Deposit Guarantee Fund</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,919,777</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">9,659,785</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,868,901</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,584,300</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Claims </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">4,669,063</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,838,669</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">952,868</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,797,459</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Interest on liabilities from leases (Note 25)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">998,751</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,076,028</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">1,142,803</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">2,358,890</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Adjustment for restatement of dividends in constant currency</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">493,505</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">493,505</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">14,333,069</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">14,333,069</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Other operating expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">11,056,639</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">21,158,332</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">8,321,328</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">16,000,016</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>161,348,569</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>297,195,213</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>131,072,532</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>299,083,853</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>39. Restricted assets</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">As of June 30, 2025 and December
31, 2024, the Bank has the following restricted assets:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; 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 CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Argentine Treasury Bonds adjusted by CER. Maturity 2026</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">5,148</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">6,760</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt"><B>Total</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>5,148</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>6,760</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 56.25pt; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.25pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Also, the Entity has accounts,
deposits 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 355,067,350 and 532,857,686 as of June 30, 2025 and December 31,
2024, respectively (see Note 11 to these separate condensed interim financial statements)</FONT><FONT STYLE="font-family: BBVA Benton Sans Book,serif">.</FONT></TD></TR></TABLE>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->125<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

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

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify; color: #072146"><B>40. Minimum cash and minimum
capital requirements</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; color: #004481"><B>40.1. Minimum cash requirements</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; text-align: justify">The BCRA establishes different prudential
regulations to be observed by financial institutions, mainly regarding solvency levels, liquidity and credit assistance levels.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt; 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 CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 66%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></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="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Balances at the BCRA</B></FONT></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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">BCRA - Current account not restricted</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,570,980,951</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">872,015,696</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">BCRA - Special guarantee accounts - restricted (Note 11)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">152,442,820</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">243,742,657</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">BCRA &#8211; Special pension accounts - restricted</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">183,007</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,723,606,778</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,115,758,353</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Government securities in pesos &#8211; At fair value through profit or loss (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">195,543,570</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Government securities in pesos &#8211; At amortized cost (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">75,425,048</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">184,044,660</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Government securities in foreign currency &#8211; At fair value through OCI (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,099,512,822</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,305,263,437</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>4,094,088,218</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3,605,066,450</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/120% BBVA Benton Sans Book,serif; margin: 6pt 0 0 28.35pt; text-align: justify">(1) See detail of securities considered
(identified with (1)), as of June 30, 2025, in Exhibit A to the separate financial statements.</P>

<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 6pt 0 6pt 28.35pt; color: #004481"><B>40.2. Minimum capital requirement</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 28.35pt">The regulatory breakdown of minimum capital requirements
is as follows at the above-mentioned dates:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 66%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Minimum capital requirement &#8211; On a separate basis</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Credit risk</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(1,061,622,292)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(810,140,441)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Operational risk</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(27,314,286)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(281,838,114)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Market risk</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(26,804,197)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">(2,871,701)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Paid-in</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,468,687,948</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,596,558,023</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>Surplus</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,352,947,173</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,501,707,767</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/9.6pt BBVA Benton Sans Book,serif; margin: 0 0 0 42.5pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify; color: #072146"><B>41. Accounting principles
&#8211; Explanation added for translations into English</B></P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: justify">These separate condensed interim 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>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 6pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>EXHIBIT A</B></P>

<P STYLE="font: 6pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>BREAKDOWN OF GOVERNMENT AND PRIVATE
SECURITIES</B></P>

<P STYLE="font: 6pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025 AND DECEMBER 31,
2024 </B></P>

<P STYLE="font: 6pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 6pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 41)</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>HOLDING</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>POSITION</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 42%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Fair</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Fair
    </B></FONT></TD>
    <TD STYLE="width: 7%; border-top: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Accounting
    </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Accounting
    </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Position
    with</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%; border-top: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%; border-top: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Account</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Identification</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>value</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>value</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>no
    options</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Options</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Final</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>level</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>12.31.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>position</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>DEBT
    SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Local:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Government
    Securities &#8211; In pesos</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 07-10-2025 (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9336</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">101,200,000</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">101,200,000</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">101,200,000</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">101,200,000</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 08-29-2025 (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9296</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">65,514,584</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">65,514,584</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">65,514,584</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">65,514,584</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bond Capitalizable in Pesos. Maturity 01-30-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9316</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">34,561,019</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">34,561,019</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">34,561,019</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">34,561,019</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 09-12-2025 (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9301</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">30,020,000</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">30,020,000</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">30,020,000</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">30,020,000</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bill Capitalizable in Pesos at TAMAR rate. Maturity 07-31-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9330</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">27,284,250</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">27,284,250</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">27,284,250</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">27,284,250</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 05-29-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9333</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">20,608,136</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">20,608,136</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">20,608,136</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">20,608,136</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bond in Pesos at Dual rate. Maturity&nbsp;&nbsp;09-15-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9321</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">16,051,632</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">16,051,632</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">16,051,632</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">16,051,632</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bond in Pesos at Dual rate. Maturity&nbsp;&nbsp;12-15-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9323</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">14,329,057</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">14,329,057</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">14,329,057</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">14,329,057</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Treasury
    Bonds in Pesos adjusted by Cer 0%. Maturity&nbsp;&nbsp;10-31-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9312</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9,030,601</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9,030,601</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">8,534,381</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9,030,601</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9,030,601</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 08-15-2025 (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9308</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">8,464,740</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">8,464,740</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,521,954</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">8,464,740</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">8,464,740</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Treasury
    Bonds in Pesos adjusted by Cer. Maturity&nbsp;&nbsp;03-31-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9257</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3,130,817</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3,130,817</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">13,533,296</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3,130,817</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3,130,817</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 07-31-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9305</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,668,631</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,668,631</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,668,631</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,668,631</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bond Capitalizable in Pesos. Maturity 12-15-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9310</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,416,546</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,416,546</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,416,546</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,416,546</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 11-28-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9326</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,074,308</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,074,308</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,074,308</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,074,308</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bond in Pesos at Fixed Rate. Maturity&nbsp;&nbsp;05-30-2030</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9334</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">680,625</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">680,625</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">680,625</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">680,625</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Treasury
    Bonds in Pesos adjusted by Cer 2%. Maturity&nbsp;&nbsp;11-09-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">5925</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">299,841</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">299,841</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">299,841</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">299,841</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Treasury
    Bonds in Pesos adjusted by Cer 0%. Maturity&nbsp;&nbsp;12-15-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9248</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">292,690</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">292,690</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,176,442</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">292,690</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">292,690</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bond Capitalizable in Pesos. Maturity 06-30-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9318</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">211,475</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">211,475</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">211,475</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">211,475</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Treasury
    Bonds in Pesos adjusted by Cer. Maturity&nbsp;&nbsp;06-30-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9241</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">117,064</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">117,064</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">117,064</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">117,064</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bond Capitalizable in Pesos. Maturity 10-17-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9309</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">111,813</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">111,813</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">111,813</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">111,813</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 05-16-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9300</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">52,509,977</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bond Capitalizable. Maturity&nbsp;&nbsp;02-13-2026</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9314</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">7,678,334</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 02-28-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9253</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">4,526,694</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 04-28-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9303</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3,700,973</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 01-17-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9283</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,355,272</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 05-30-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9304</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,326,559</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 01-31-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9251</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,210,148</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 02-14-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9297</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,084,148</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 04-16-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9299</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,377,174</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 03-14-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9298</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">517,396</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 06-30-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9295</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">163,439</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 03-31-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9256</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">31,623</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">Subtotal
    Government Securities - In pesos</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">336,067,829</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">336,067,829</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">105,247,810</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">336,067,829</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">336,067,829</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Government
    Securities - In foreign currency</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bills in USD Zero Coupon. Maturity 01-16-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9327</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">128,419,434</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">128,419,434</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">128,419,434</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">128,419,434</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">AL30
    Bond Local Law USD Step Up. Maturity 07-09-2030</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">5921</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">62,175</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">62,175</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">76,216</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">62,175</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">62,175</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">Subtotal
    Government Securities - In foreign currency</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">128,481,609</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">128,481,609</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">76,216</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">128,481,609</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">128,481,609</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>BCRA
    Bills - In pesos</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Fiscal
    Liquidity Bill (LEFI). Maturity 07-17-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9285</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">158,751,185</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">158,751,185</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">158,751,185</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">158,751,185</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">Subtotal
    BCRA Bills - In pesos</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">158,751,185</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">158,751,185</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">158,751,185</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">158,751,185</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>BCRA
    Notes -&nbsp;&nbsp;In foreign currency</B></FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Bonds
    for the Reconstruction of a Free Argentina - CLASS 1 - Maturity 10-31-2027 (Series C)</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9236</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">446,240</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">446,240</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">446,240</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">446,240</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Bonds
    for the Reconstruction of a Free Argentina - CLASS 4 - Maturity 10-31-2028</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9335</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">257,079</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">257,079</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">257,079</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">257,079</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">Subtotal
    BCRA Notes -&nbsp;&nbsp;In foreign currency</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">703,319</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">703,319</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">703,319</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">703,319</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  </TABLE>

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    <!-- Field: /Page -->

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

<P STYLE="font: 6pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146; text-indent: 8.75in"><B>EXHIBIT A</B></P>

<P STYLE="font: 6pt/7pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146">(Continued)</P>

<P STYLE="font: 6pt BBVA Benton Sans Book,serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 6pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>BREAKDOWN OF GOVERNMENT AND PRIVATE
SECURITIES</B></P>

<P STYLE="font: 6pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025 AND DECEMBER 31,
2024 </B></P>

<P STYLE="font: 6pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 6pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 41)</P>

<P STYLE="font: 6pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>HOLDING</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>POSITION</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 42%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Fair</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Fair
    </B></FONT></TD>
    <TD STYLE="width: 7%; border-top: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Accounting
    </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Accounting
    </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Position
    with</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%; border-top: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%; border-top: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Account</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Identification</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>value</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>value</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>no
    options</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Options</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Final</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>level</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>12.31.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>position</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>DEBT
    SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS (Continued)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Private
    Securities - In foreign currency</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Corporate
    Bond 360 Energy Solar S.A. Series 5 in USD at a fixed rate. Maturity 09-05-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">58483</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">67,346</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">67,346</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">67,346</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">67,346</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">Subtotal
    Private Securities - In foreign currency</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">67,346</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">67,346</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">67,346</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">67,346</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>TOTAL
    DEBT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>624,071,288</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>624,071,288</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 2.25pt double"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>105,324,026</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>624,071,288</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>624,071,288</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>OTHER
    DEBT SECURITIES </B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>MEASURED
    AT FAIR VALUE THROUGH OCI</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Local:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Government
    Securities - In pesos</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Treasury
    Bonds in Pesos adjusted by Cer. Maturity&nbsp;&nbsp;03-31-2026 (1)</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9257</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">472,227,231</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">472,227,231</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">454,524,005</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">472,227,231</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">472,227,231</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Treasury
    Bonds in Pesos adjusted by Cer 0%. Maturity&nbsp;&nbsp;12-15-2025 (1)</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9248</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">290,050,641</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">290,050,641</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">282,631,307</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">290,050,641</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">290,050,641</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bond in Pesos at Dual rate. Maturity&nbsp;&nbsp;12-15-2026 (1)</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9323</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">232,859,358</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">232,859,358</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">232,859,358</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">232,859,358</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bond in Pesos at Dual rate. Maturity&nbsp;&nbsp;06-30-2026 (1)</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9320</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">205,007,827</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">205,007,827</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">205,007,827</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">205,007,827</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bond in Pesos at Dual rate. Maturity&nbsp;&nbsp;03-16-2026 (1)</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9319</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">204,472,910</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">204,472,910</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">204,472,910</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">204,472,910</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bond in Pesos at Dual rate. Maturity&nbsp;&nbsp;09-15-2026 (1)</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9321</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">199,065,051</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">199,065,051</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">199,065,051</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">199,065,051</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Treasury
    Bonds in Pesos adjusted by Cer 0%. Maturity&nbsp;&nbsp;12-15-2026 (1)</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9249</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">169,427,401</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">169,427,401</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">164,742,351</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">169,427,401</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">169,427,401</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 07-31-2025 (1)</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9305</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">134,659,501</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">134,659,501</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">178,908,982</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">134,659,501</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">134,659,501</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Treasury
    Bonds in Pesos adjusted by Cer. Maturity&nbsp;&nbsp;10-30-2026</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9313</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">87,464,023</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">87,464,023</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">87,464,023</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">87,464,023</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 11-10-2025 (1)</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9324</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">82,600,874</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">82,600,874</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">82,600,874</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">82,600,874</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Treasury
    Bonds in Pesos adjusted by Cer 2%. Maturity&nbsp;&nbsp;11-09-2026</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">5925</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">50,574,883</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">50,574,883</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">7,110,671</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">50,574,883</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">50,574,883</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bond Capitalizable in Pesos. Maturity 12-15-2025 (1)</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9310</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">47,232,000</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">47,232,000</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">151,639,968</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">47,232,000</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">47,232,000</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 10-31-2025 (1)</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9315</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">33,544,000</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">33,544,000</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">33,544,000</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">33,544,000</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Treasury
    Bonds in Pesos adjusted by Cer 0%. Maturity&nbsp;&nbsp;06-30-2026 (1)</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9240</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">28,366,028</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">28,366,028</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">30,442,525</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">28,366,028</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">28,366,028</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 02-28-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9253</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">285,538,538</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 03-31-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9256</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">283,257,040</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 04-16-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9299</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">186,759,755</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bond Capitalizable in Pesos. Maturity 10-17-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9309</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">147,574,750</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 09-30-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9306</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">74,266,178</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 06-18-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9288</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">73,546,823</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 02-14-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9297</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">66,842,437</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 03-14-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9298</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">40,675,191</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 08-29-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9296</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">37,492,766</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 09-12-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9301</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">37,492,766</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 06-30-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9295</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">36,284,250</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 05-30-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9304</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">34,399,541</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Treasury
    Bonds in Pesos adjusted by Cer 4.25%. Maturity 02-14-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9180</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">21,501,304</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Treasury
    Bonds in Pesos adjusted by Cer 0%. Maturity&nbsp;&nbsp;06-30-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9244</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">6,923,069</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">Argentine
    Treasury Bills Capitalizable in Pesos. Maturity 01-31-2025</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">9251</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">965,662</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">Subtotal
    Government Securities - In pesos</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">2,237,551,728</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">2,237,551,728</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">2,603,519,879</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">2,237,551,728</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">2,237,551,728</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  </TABLE>

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

<P STYLE="font: 6pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>EXHIBIT A</B></P>

<P STYLE="font: 6pt/7pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146">(Continued)</P>

<P STYLE="font: 6pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>BREAKDOWN OF GOVERNMENT AND PRIVATE
SECURITIES</B></P>

<P STYLE="font: 6pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025 AND DECEMBER 31,
2024 </B></P>

<P STYLE="font: 6pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 6pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 41)</P>

<P STYLE="font: 6pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>HOLDING</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>POSITION</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 44%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Fair</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Fair
    </B></FONT></TD>
    <TD STYLE="width: 7%; border-top: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Accounting
    </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Accounting
    </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Position
    with</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 5%; border-top: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%; border-top: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Account</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Identification</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>value</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>value</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>no
    options</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Options</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Final</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>level</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>12.31.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>position</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>OTHER
    DEBT SECURITIES (Continued)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Government
    Securities &#8211; In foreign currency</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bills in USD Zero Coupon. Maturity 01-16-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9327</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">85,158,719</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">85,158,719</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">85,158,719</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">85,158,719</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">Subtotal
    T&iacute;tulos P&uacute;blicos - en moneda extranjera</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">85,158,719</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">85,158,719</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">85,158,719</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">85,158,719</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>BCRA
    Notes -&nbsp;&nbsp;In foreign currency</B></FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Bonds
    for the Reconstruction of a Free Argentina - CLASS 1 - Maturity 10-31-2027 (Series C)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9236</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">12,638,227</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Bonds
    for the Reconstruction of a Free Argentina - CLASS 1 - Maturity 10-31-2027 (Series D)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9237</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">12,396,998</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Bonds
    for the Reconstruction of a Free Argentina - CLASS 1 - Maturity 10-31-2027 (Series A)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9234</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9,064,752</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Bonds
    for the Reconstruction of a Free Argentina - CLASS 1 - Maturity 10-31-2027 (Series B)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9235</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">8,599,665</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">Subtotal
    BCRA Notes -&nbsp;&nbsp;In foreign currency</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">42,699,642</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Private
    Securities - In pesos</B></FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond Fiat Compa&ntilde;&iacute;a Financiera Series 20 in Pesos. Maturity 03-01-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">58274</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,957,718</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,957,718</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,328,593</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,957,718</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,957,718</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond New San S.A. in Pesos Series 20 Private BADLAR. Maturity 02-01-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">57557</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">312,954</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond Bco de Serv. Financieros Series 24 in Pesos at Floating Rate. Maturity 02-02-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">57560</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">245,353</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond New San S.A. in Pesos Series 21 Private BADLAR. Maturity 05-09-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">57750</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">196,921</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond Refi Pampa Series 2 in Pesos Uva. Maturity 05-06-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">56123</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">124,609</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">Subtotal
    Private Securities - In pesos</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">1,957,718</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">1,957,718</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">3,208,430</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">1,957,718</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">1,957,718</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Private
    Securities - In foreign currency</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond Luz De Tres Picos 4 in USD. Maturity 09-29-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">56467</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3,344,615</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3,344,615</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3,318,956</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3,344,615</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3,344,615</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond Petroquimica Comodoro Rivadavia Series R in USD. Maturity 10-22-2028</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">58155</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,788,185</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,788,185</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,934,271</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,788,185</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,788,185</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond Empresa de Gas del Sur (EMGASUD) S.A. Series 48 in USD. Maturity 03-05-2028</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">58507</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,785,199</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,785,199</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,785,199</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,785,199</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond 360 Energy Solar S.A. Series 4 in USD at a fixed rate. Maturity 10-30-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">58187</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,537,427</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,537,427</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3,070,437</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,537,427</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,537,427</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond Empresa de Gas del Sur (EMGASUD) S.A. Series 39 in USD. Maturity 07-14-2028</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">57194</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,536,099</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,536,099</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,369,382</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,536,099</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,536,099</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond Minera EXAR Series 1 in USD. Maturity 11-11-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">58210</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,159,949</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,159,949</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,437,534</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,159,949</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,159,949</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond Vista Energy Series 20 in USD. Maturity 07-20-2025</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">57081</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,976,143</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,976,143</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,005,313</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,976,143</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,976,143</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond CAPEX S.A. Series 10 USD. Maturity 07-05-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">57880</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,939,000</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,939,000</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,898,222</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,939,000</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,939,000</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond CAPEX S.A. Series 11 USD. Maturity 06-17-2028</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">58728</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,791,125</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,791,125</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,791,125</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,791,125</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond John Deere Credit Cia Financiera S.A. Series X USD. Maturity 03-08-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">57639</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,183,972</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,183,972</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,171,112</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,183,972</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,183,972</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond Petroquimica Comodoro Rivadavia Series O in USD. Maturity 09-22-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">57379</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,098,176</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,098,176</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,164,007</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,098,176</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,098,176</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond Ledesma Series 15 USD at fixed rate. Maturity 10-04-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">58426</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">327,131</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">327,131</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">327,131</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">327,131</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond Vista Energy Series 23 in USD. Maturity 03-06-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">57636</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">4,815,726</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond Tecpetrol S.A. Series 7 in USD. Maturity 04-22-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">57709</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3,589,030</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond YPF Series 32 in USD. Maturity 10-10-2028</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">58129</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3,504,910</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond YPF Series 29 in USD. Maturity 05-28-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">57774</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,388,805</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond Empresa de Gas del Sur (EMGASUD) S.A. Series 39 in USD. Maturity 03-08-2027</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">57644</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,358,704</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond YPF Series 33 in USC. Maturity 10-10-2028</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">58130</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,780,413</FONT></TD>
    <TD STYLE="padding-right: 1.5pt; padding-left: 1.5pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Corporate
    Bond Pampa Energia S.A. Series 20 in USC. Maturity 03-26-2026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">57682</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,209,026</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">Subtotal
    Private Securities - In foreign currency</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">24,467,021</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">24,467,021</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">40,015,848</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">24,467,021</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">24,467,021</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>TOTAL
    DEBT SECURITIES AT FAIR VALUE THROUGH OCI</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>2,349,135,186</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>2,349,135,186</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>2,689,443,799</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>2,349,135,186</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>2,349,135,186</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 6pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146; text-indent: 8.75in"><B>EXHIBIT A</B></P>

<P STYLE="font: 6pt/7pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146">(Continued)</P>

<P STYLE="font: 6pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>BREAKDOWN OF GOVERNMENT AND PRIVATE
SECURITIES</B></P>

<P STYLE="font: 6pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025 AND DECEMBER 31,
2024</B></P>

<P STYLE="font: 6pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 6pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 41)</P>

<P STYLE="font: 6pt/6.9pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 6pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="font-size: 6pt; border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>HOLDING</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-size: 6pt; border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>POSITION</B></FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt; width: 43%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; width: 1%"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; width: 7%; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; width: 1%; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; width: 7%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Fair</B></FONT></TD>
    <TD STYLE="font-size: 6pt; width: 5%; border-top: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Fair</B></FONT></TD>
    <TD STYLE="font-size: 6pt; width: 7%; border-top: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Accounting</B></FONT></TD>
    <TD STYLE="font-size: 6pt; width: 1%; border-top: #072146 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; width: 7%; border-top: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Accounting</B></FONT></TD>
    <TD STYLE="font-size: 6pt; width: 1%; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; width: 7%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Position
    with</B></FONT></TD>
    <TD STYLE="font-size: 6pt; width: 5%; border-top: #072146 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; width: 8%; border-top: #072146 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Account</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Identification</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>value</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>value</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>no
    options</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Options</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Final</B></FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>level</B></FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>12.31.24</B></FONT></TD>
    <TD STYLE="font-size: 6pt; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>position</B></FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>OTHER
    DEBT SECURITIES (Continued)</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>MEASURED
    AT AMORTIZED COST</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Government
    Securities - In pesos</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bonds in Pesos. Maturity 08-23-2025 (1)</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9196</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">49,214,310</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">49,034,282</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">144,437,561</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">49,034,282</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">49,034,282</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bonds in Pesos. Maturity 05-23-2027 (1)</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9132</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">16,078,557</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">16,019,595</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">27,668,789</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">16,019,595</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">16,019,595</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Argentine
    Treasury Bonds in Pesos at Private Badlar Rate 0.7%. Maturity 11-23-2027 (1)</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">9166</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">10,371,752</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">10,371,171</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">11,938,310</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">10,371,171</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">10,371,171</FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">Subtotal
    Government Securities - In pesos</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">75,664,619</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">75,425,048</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">184,044,660</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">75,425,048</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">75,425,048</FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-top: #072146 1pt solid; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-top: #072146 1pt solid; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-top: #072146 1pt solid; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-top: #072146 1pt solid; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-top: #072146 1pt solid; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-top: #072146 1pt solid; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-top: #072146 1pt solid; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>TOTAL
    DEBT SECURITIES AT AMORTIZED COST</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>75,664,619</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>75,425,048</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>184,044,660</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>75,425,048</B></FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>75,425,048</B></FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>TOTAL
    OTHER DEBT SECURITIES</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 2.25pt double; padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>2,424,799,805</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>2,424,560,234</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: #072146 2.25pt double"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>2,873,488,459</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>2,424,560,234</B></FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>2,424,560,234</B></FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>EQUITY
    INSTRUMENTS</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>MEASURED
    AT FAIR VALUE THROUGH PROFIT OR LOSS</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Local:</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Private
    Securities - In pesos</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Share
    BYMA- Bolsas y Mercados Argentina</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">4,931,368</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">4,931,368</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">6,978,256</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">4,931,368</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">4,931,368</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Share
    Banco de Valores de Bs. As.</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,456,556</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,456,556</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,408,038</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,456,556</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,456,556</FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">Subtotal
    Private Securities - In pesos</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">6,387,924</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">6,387,924</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">9,386,294</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">6,387,924</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">6,387,924</FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>TOTAL
    EQUITY INSTRUMENTS MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>6,387,924</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>6,387,924</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: #072146 2.25pt double"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>9,386,294</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: #072146 2.25pt double"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>6,387,924</B></FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>6,387,924</B></FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>MEASURED
    AT FAIR VALUE THROUGH OCI</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Local:</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Private
    Securities - In pesos</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Compensadora
    Electr&oacute;nica S.A.</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">4,100,954</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">4,100,954</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2,804,901</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">4,100,954</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">4,100,954</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">A3
    Mercados S.A. (former Mercado Abierto Electr&oacute;nico S.A.)</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3,501,911</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3,501,911</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">1,164,532</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3,501,911</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3,501,911</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Seguro
    de Dep&oacute;sitos S.A.</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">308,770</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">308,770</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">308,770</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">308,770</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">308,770</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Other</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">10,681</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">3</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">10,681</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">17,306</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">10,681</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">10,681</FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">Subtotal
    Private Securities - In pesos</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">7,922,316</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">7,922,316</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">4,295,509</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">7,922,316</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">7,922,316</FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Foreign:</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>Private
    Securities - In foreign currency</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Banco
    Latinoamericano de Exportaciones S.A.</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">973,091</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">973,091</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">847,082</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">973,091</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">973,091</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">Other</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">45,183</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">2</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">45,183</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">39,724</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">45,183</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 6pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: black">45,183</FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">Subtotal
    Private Securities - In foreign currency</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">1,018,274</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">1,018,274</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">886,806</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">1,018,274</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">-</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: #072146 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146">1,018,274</FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>TOTAL
    EQUITY INSTRUMENTS MEASURED AT FAIR VALUE THROUGH OCI</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>8,940,590</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>8,940,590</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>5,182,315</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>8,940,590</B></FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>8,940,590</B></FONT></TD></TR>
  <TR STYLE="font-size: 6pt; vertical-align: bottom">
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 6pt">
    <TD STYLE="font-size: 6pt; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>TOTAL
    EQUITY INSTRUMENTS</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>15,328,514</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>15,328,514</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom; border-bottom: #072146 2.25pt double"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>14,568,609</B></FONT></TD>
    <TD STYLE="font-size: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>15,328,514</B></FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 6pt; border-bottom: #072146 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 6pt; color: #072146"><B>15,328,514</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 6pt/6.9pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify; color: #072146">(1) It represents securities fully or
partially computed for minimum cash requirements, Note 40.1 to the separate financial statements.</P>


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<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>EXHIBIT B</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CLASSIFICATION OF LOANS AND OTHER
FINANCING ACCORDING TO FINANCIAL PERFORMANCE </B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AND GUARANTEES RECEIVED</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025 AND DECEMBER 31,
2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 41)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 57%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 18%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 18%">&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>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Account</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12.31.24</B></FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>COMMERCIAL PORTFOLIO</B></FONT></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></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Normal performance</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>5,109,239,469</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>4,123,906,180</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &quot;A&quot;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">7,100,013</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">10,562,118</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &quot;B&quot;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">11,996,597</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">12,509,417</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">5,090,142,859</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,100,834,645</FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>With special follow-up</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,199,617</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black"><B>-</B></FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Under observation:</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,199,617</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,199,617</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Troubled</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3,905,761</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3,835,035</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,905,761</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,835,035</FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>With high risk of insolvency</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,123,432</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>397,473</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &quot;B&quot;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">314</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,123,432</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">397,159</FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Uncollectible</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>83,537</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>33,516</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">83,537</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">33,516</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&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="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>5,116,551,816</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>4,128,172,204</B></FONT></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>
  </TABLE>
<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">&nbsp;</P>


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<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0 0 0 0.55pt; text-align: right; color: #072146; text-indent: 8.25in"><B>EXHIBIT
B</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146; text-indent: 9.75in">(Continued)</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CLASSIFICATION OF LOANS AND OTHER
FINANCING ACCORDING TO FINANCIAL PERFORMANCE</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AND GUARANTEES RECEIVED</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025 AND DECEMBER 31,
2024 </B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 41)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Account</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 58%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 18%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 18%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>CONSUMER AND HOUSING PORTFOLIO</B></FONT></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></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Normal performance</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>5,547,625,255</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>4,518,170,882</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &quot;A&quot;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,309,191</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,259,551</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &quot;B&quot;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">384,656,680</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">320,929,869</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">5,161,659,384</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,195,981,462</FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Low risk</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>177,666,901</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>66,114,954</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &quot;B&quot;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">6,439,390</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">5,327,085</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">171,227,511</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">60,787,869</FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Low risk - with special follow-up</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3,419,066</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,695,446</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,419,066</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,695,446</FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Medium risk</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>171,950,743</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>52,469,604</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &quot;B&quot;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,211,171</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">686,432</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">170,739,572</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">51,783,172</FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>High risk</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>77,769,413</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>40,625,115</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 4.45pt; text-indent: 11.55pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &quot;A&quot;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">236</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>-</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &quot;B&quot;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">6,716,688</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,169,864</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">71,052,489</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">38,455,251</FONT></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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Uncollectible</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>8,114,313</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>5,356,205</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &quot;A&quot;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">108</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">124</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Preferred collaterals and counter-guarantees &quot;B&quot;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,392,072</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">589,903</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">No preferred guarantees or counter guarantees</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">6,722,133</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,766,178</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>5,986,545,691</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>4,685,432,206</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&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="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>GRAND TOTAL</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>11,103,097,507</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>8,813,604,410</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double">&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>
  </TABLE>
<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>EXHIBIT C</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONCENTRATION OF LOANS AND OTHER
FINANCING</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025 AND DECEMBER 31,
2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 41)</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 37%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 3%">&nbsp;</TD>
    <TD STYLE="width: 13%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>% over</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>% over</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Number of customers</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Debt</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>total</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Debt</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>portfolio</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>portfolio</B></FONT></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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">10 largest customers</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,583,222,058</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">14.26 %</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,245,788,412</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">14.13 %</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">50 following largest customers</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,553,019,353</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">13.99 %</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">1,240,724,959</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">14.08 %</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">100 following largest customers</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">884,223,426</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">7.96 %</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">654,763,830</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">7.43 %</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">All other customers</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">7,082,632,670</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">63.79 %</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">5,672,327,209</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">64.36 %</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>&nbsp;&nbsp;&nbsp;TOTAL </B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>11,103,097,507</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>100.00 %</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>8,813,604,410</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>100.00 %</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->134<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

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

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>EXHIBIT D</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>BREAKDOWN BY TERM OF LOANS AND
OTHER FINANCING</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5. to the consolidated condensed interim financial statements) (1)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 41)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 26%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Terms
    remaining to maturity</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Portfolio
    </B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>6</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>more
    than </B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>&nbsp;&nbsp;&nbsp;ACCOUNT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>due</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>month</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Non-financial
    Government sector</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,665,322</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">8,516</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">12,774</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">25,548</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">51,096</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,258</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,767,514</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><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>
    <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: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><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>
    <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: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Financial
    sector</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">135,519,908</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">30,666,342</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">43,713,273</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">95,173,315</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">102,268,844</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,964,057</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">409,305,739</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><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>
    <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>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">Non-financial
    Private Sector and Residents Abroad</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">237,454,308</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4,095,938,146</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,480,699,614</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,751,211,636</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,319,555,031</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,308,027,080</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,824,683,031</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">13,017,568,846</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>&nbsp;&nbsp;&nbsp;TOTAL&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>237,454,308</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>4,235,123,376</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,511,374,472</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,794,937,683</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,414,753,894</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,410,347,020</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,826,651,346</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>13,430,642,099</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="9" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">(1)
    These balances are total contractual flows and, therefore, include principal, accrued and to be accrued interest and charges.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>BREAKDOWN BY TERM OF LOANS AND
OTHER FINANCING</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF DECEMBER 31, 2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5. to the consolidated condensed interim financial statements) (1)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 41)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Terms
    remaining to maturity</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Portfolio
    </B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>6</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>more
    than </B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>&nbsp;&nbsp;&nbsp;ACCOUNT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>due</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>month</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>TOTAL</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">Non-financial
    Government sector</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,059,681</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">9,802</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">14,702</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">29,405</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">58,810</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">34,306</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">1,206,706</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">Financial
    sector</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">108,848,492</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">28,107,590</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">21,328,054</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">33,282,031</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">34,068,318</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">62,799</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">225,697,284</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">Non-financial
    Private Sector and Residents Abroad</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">87,289,374</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">3,333,297,161</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,480,673,479</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,258,719,535</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">926,302,383</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,067,963,411</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,125,804,745</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146">10,280,050,088</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>&nbsp;&nbsp;&nbsp;TOTAL&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>87,289,374</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>3,443,205,334</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,508,790,871</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,280,062,291</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>959,613,819</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>1,102,090,539</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>2,125,901,850</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>10,506,954,078</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="9" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1)
    These balances are total contractual flows and, therefore, include principal, accrued and to be accrued interest and charges.</FONT></TD></TR>
  <TR>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 27%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0"></P>


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    <!-- Field: /Page -->

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

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>EXHIBIT H</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>CONCENTRATION OF DEPOSITS</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025 AND DECEMBER 31,
2024 </B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 41)</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; color: #072146">&nbsp;</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 31%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 18%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>%&nbsp;&nbsp;over</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>%&nbsp;&nbsp;over</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 8pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Number of customers</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Debt</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>total</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>Debt</B></FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>portfolio</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>balance</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>portfolio</B></FONT></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>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">10 largest customers</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">2,745,888,418</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">20.98 %</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,976,907,525</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">17.24 %</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">50 following largest customers</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,878,206,592</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">14.36 %</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">1,688,624,747</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">14.73 %</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">100 following largest customers</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">628,690,642</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4.81 %</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">534,926,119</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">4.67 %</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">All other customers</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">7,829,224,315</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">59.85 %</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">7,265,130,101</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: black">63.36 %</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>&nbsp;&nbsp;&nbsp;TOTAL&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>13,082,009,967</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>100.00 %</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>11,465,588,492</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt; color: #072146"><B>100.00 %</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0 0 0 35.45pt; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; text-align: right">&nbsp;</P>


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<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: right; color: #072146"><B>EXHIBIT I</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: right; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>BREAKDOWN OF FINANCIAL LIABILITIES
BY REMAINING TERMS</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5. to the consolidated condensed interim financial statements) (1)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 41)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 7pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 7pt; vertical-align: bottom">
    <TD STYLE="font-size: 7pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="font-size: 7pt; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Terms
    remaining to maturity</B></FONT></TD></TR>
  <TR STYLE="font-size: 7pt; vertical-align: bottom">
    <TD STYLE="font-size: 7pt; width: 37%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; width: 9%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 7pt; vertical-align: bottom">
    <TD STYLE="font-size: 7pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>1</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>3</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>6</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>12</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>more
    than </B></FONT></TD>
    <TD STYLE="font-size: 7pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 7pt; vertical-align: bottom">
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;&nbsp;ITEMS</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>month</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>24
    months</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>TOTAL</B></FONT></TD></TR>
  <TR STYLE="font-size: 7pt; vertical-align: bottom">
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 7pt; vertical-align: bottom">
    <TD STYLE="font-size: 7pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 7pt; vertical-align: bottom">
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Deposits</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>11,735,867,040</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>1,307,602,477</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>211,989,490</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>46,835,015</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>2,941</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>13,302,296,963</B></FONT></TD></TR>
  <TR STYLE="font-size: 7pt; vertical-align: bottom">
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Non-financial
    Government sector </FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">71,531,984</FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">56,716,561</FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">128,248,545</FONT></TD></TR>
  <TR STYLE="font-size: 7pt; vertical-align: bottom">
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Financial
    sector </FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">11,430,342</FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">11,430,342</FONT></TD></TR>
  <TR STYLE="font-size: 7pt; vertical-align: bottom">
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Non-financial
    Private Sector and Residents Abroad </FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">11,652,904,714</FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">1,250,885,916</FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">211,989,490</FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">46,835,015</FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">2,941</FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">13,162,618,076</FONT></TD></TR>
  <TR STYLE="font-size: 7pt">
    <TD STYLE="font-size: 7pt; vertical-align: bottom; padding-right: 2.65pt; padding-bottom: 1.5pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Liabilities
    at fair value through profit or loss </B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>422,633</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>422,633</B></FONT></TD></TR>
  <TR STYLE="font-size: 7pt">
    <TD STYLE="font-size: 7pt; vertical-align: bottom; padding-right: 2.65pt; padding-bottom: 1.5pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Derivative
    instruments</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>15,045,703</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>15,045,703</B></FONT></TD></TR>
  <TR STYLE="font-size: 7pt">
    <TD STYLE="font-size: 7pt; vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Other
    financial liabilities </B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>1,649,911,706</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>770,282</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>1,113,083</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>2,010,685</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>2,810,775</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>22,662,917</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>1,679,279,448</B></FONT></TD></TR>
  <TR STYLE="font-size: 7pt">
    <TD STYLE="font-size: 7pt; vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Financing
    received from the BCRA and other financial institutions </B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>4,697,923</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>18,071,898</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>46,051,749</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>35,823,620</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>104,645,190</B></FONT></TD></TR>
  <TR STYLE="font-size: 7pt; vertical-align: bottom">
    <TD STYLE="font-size: 7pt; padding-right: 2.65pt; padding-bottom: 1.5pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Corporate
    bonds issued</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>129,338,115</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>24,150,965</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>207,744,091</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>361,233,171</B></FONT></TD></TR>
  <TR STYLE="font-size: 7pt; vertical-align: bottom">
    <TD STYLE="font-size: 7pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 7pt; vertical-align: bottom">
    <TD STYLE="font-size: 7pt; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>13,535,283,120</B></FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>1,350,595,622</B></FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>259,154,322</B></FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>292,413,411</B></FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>2,813,716</B></FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>22,662,917</B></FONT></TD>
    <TD STYLE="font-size: 7pt; border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>15,462,923,108</B></FONT></TD></TR>
  <TR STYLE="font-size: 7pt; vertical-align: bottom">
    <TD STYLE="font-size: 7pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 7pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 7pt; vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-size: 7pt; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(1)
    These balances are total contractual flows and, therefore, include principal, accrued and to be accrued interest and charges.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>BREAKDOWN OF FINANCIAL LIABILITIES
BY REMAINING TERMS</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF DECEMBER 31, 2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5. to the consolidated condensed interim financial statements) (1)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 41)</P>

<P STYLE="font: 8pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 37%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Terms
    remaining to maturity</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><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="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>1</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>3</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>6</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>12</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>24</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>more
    than </B></FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>&nbsp;&nbsp;&nbsp;ACCOUNTS&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>month</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>24
    months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>TOTAL</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><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="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Deposits</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>10,617,838,949</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>692,184,266</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>298,694,136</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>51,794,973</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>3,700</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>11,660,516,024</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Non-financial
    Government sector </FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">138,985,349</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">572,070</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">139,557,419</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Financial
    sector </FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">45,371,171</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">45,371,171</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Non-financial
    Private Sector and Residents Abroad </FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">10,433,482,429</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">691,612,196</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">298,694,136</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">51,794,973</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">3,700</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">11,475,587,434</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Derivative
    instruments </B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>4,441,163</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>4,441,163</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Other
    financial liabilities </B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>1,371,299,541</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>933,950</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>1,340,199</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>2,269,350</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>3,617,010</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>23,836,971</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>1,403,297,021</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Financing
    received from the BCRA and other financial institutions </B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>21,104,201</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>29,643,438</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>1,420,921</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>52,168,560</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-bottom: 1.5pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Corporate
    bonds issued</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>1,460,001</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>12,255,010</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>76,708,985</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>90,423,996</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>12,016,143,855</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>722,761,654</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>313,710,266</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>130,773,308</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>3,620,710</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>23,836,971</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>13,210,846,764</B></FONT></TD></TR>
  <TR STYLE="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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(1)
    These balances are total contractual flows and, therefore, include principal, accrued and to be accrued interest and charges.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 1pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>


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    <!-- Field: /Page -->

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>EXHIBIT J</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt BBVA Benton Sans Book,serif; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><B>PROVISIONS</B></TD><TD STYLE="text-align: center"></TD></TR></TABLE>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of Argentine
pesos in constant currency &#8211; Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 41)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 2%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 34%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>&nbsp;Decreases
    </B></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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Balances
    at the beginning of the year</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Increases</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Reversals</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Uses</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Monetary
    gain (loss) generated by provisions</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Balances
    as of 06.30.25</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><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="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>&nbsp;INCLUDED
    IN LIABILITIES</B></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><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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><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; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">&nbsp;-
    Provisions for contingent commitments</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">26,218,872</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">11,497,697</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(1)(3)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(3,758,122)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">33,958,447</FONT></TD></TR>
  <TR STYLE="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><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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><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; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">&nbsp;-
    For administrative, disciplinary and criminal penalties</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">5,755</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(755)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">5,000</FONT></TD></TR>
  <TR STYLE="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><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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><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="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">&nbsp;-
    Provisions for termination plans</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">2,014,612</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">912,765</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(264,248)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">2,663,129</FONT></TD></TR>
  <TR STYLE="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><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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><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="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">&nbsp;-
    Other</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">25,859,238</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">8,344,343</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(2)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">5,404,242</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(3,633,477)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">25,165,862</FONT></TD></TR>
  <TR STYLE="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 STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><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="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>TOTAL
    PROVISIONS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>54,098,477</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>20,754,805</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>5,404,242</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>(7,656,602)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>61,792,438</B></FONT></TD></TR>
  <TR STYLE="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 STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="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><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><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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 0.75pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(1)</FONT></TD>
    <TD COLSPAN="13" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Set
    up in compliance with the provisions of Communication &#8220;A&#8221; 2950 and supplementary regulations of the BCRA.</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(2)</FONT></TD>
    <TD COLSPAN="13" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Set
    up to cover for potential contingencies not considered in other accounts (civil, commercial, labor and other lawsuits).</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(3)</FONT></TD>
    <TD COLSPAN="11" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">It
    includes an increase of 10,034 for exchange differences in foreign currency for contingent commitments.</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></TR>
  <TR STYLE="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><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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt BBVA Benton Sans Book,serif; margin-top: 0; margin-bottom: 0; color: #072146"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><B>PROVISIONS</B></TD><TD STYLE="text-align: center"></TD></TR></TABLE>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF DECEMBER 31, 2024</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of Argentine
pesos in constant currency &#8211; Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 41)</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 2%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 34%; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>&nbsp;Decreases
    </B></FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Monetary
    gain (loss) generated by provisions</B></FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><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="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Balances
    at the beginning of the year</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Increases</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Reversals</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Uses</B></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="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Balances
    as of 12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><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="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>&nbsp;INCLUDED
    IN LIABILITIES</B></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><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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><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; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">&nbsp;-
    Provisions for contingent commitments</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">14,969,019</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">22,443,317</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(1)(3)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(11,193,464)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">26,218,872</FONT></TD></TR>
  <TR STYLE="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 STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-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>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="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; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">&nbsp;-
    For administrative, disciplinary and criminal penalties</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">12,532</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(6,777)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">5,755</FONT></TD></TR>
  <TR STYLE="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 STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-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>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="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><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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="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="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">&nbsp;-
    Provisions for termination plans</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">1,930,164</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">1,300,331</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(1,215,883)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">2,014,612</FONT></TD></TR>
  <TR STYLE="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 STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-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>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="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="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">&nbsp;-
    Other</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">34,704,738</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">30,931,209</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(2)</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">932,657</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">6,689,369</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(32,154,683)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">25,859,238</FONT></TD></TR>
  <TR STYLE="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 STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; 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="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>TOTAL
    PROVISIONS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>51,616,453</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>54,674,857</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>932,657</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>6,689,369</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>(44,570,807)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>54,098,477</B></FONT></TD></TR>
  <TR STYLE="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><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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><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><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="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(1)</FONT></TD>
    <TD COLSPAN="13" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Set
    up in compliance with the provisions of Communication &#8220;A&#8221; 2950 and supplementary regulations of the BCRA.</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(2)</FONT></TD>
    <TD COLSPAN="13" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Set
    up to cover for potential contingencies not considered in other accounts (civil, commercial, labor and other lawsuits).</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(3)</FONT></TD>
    <TD COLSPAN="11" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">It
    includes an increase of 41,422 for exchange differences in foreign currency for contingent commitments.</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></TR>
  </TABLE>
<P STYLE="font: 1pt BBVA Benton Sans Book,serif; margin: 0 0 0 7.1pt; color: #072146">&nbsp;</P>


<!-- Field: Page; Sequence: 139 -->
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    <!-- Field: /Page -->

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>EXHIBIT L</B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>BALANCES IN FOREIGN CURRENCY</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025 AND DECEMBER 31,
2024 </B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 41)</P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 41%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%">&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">
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>ACCOUNTS</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>AS OF 06.30.25&nbsp;&nbsp;&nbsp;&nbsp;(per currency)</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>TOTAL</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>AS OF</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>AS OF</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt"><B>ASSETS</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Dollar</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Euro</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Real</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Other</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>12.31.24</B></FONT></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="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">Cash and deposits in banks </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">2,135,723,066</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">2,070,037,270</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">61,264,130</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">785,423</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">3,636,243</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">2,700,126,617</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">Debt securities at fair value through profit or loss </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">129,252,274</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">129,252,274</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">76,216</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">Other financial assets </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">52,443,154</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">52,308,243</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">134,911</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">51,052,129</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">Loans and other financing </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">2,307,431,617</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">2,305,589,731</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">1,841,020</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">866</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">1,479,963,350</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 7.1pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Non-financial Government sector </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">2,889</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">2,889</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">3,814</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 7.1pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Other financial institutions </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">9,039,162</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">9,039,162</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">5,125</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 7.1pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Non-financial Private Sector and Residents Abroad </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">2,298,389,566</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">2,296,547,680</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">1,841,020</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">866</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">1,479,954,411</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">Other debt securities </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">109,625,740</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">109,625,740</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">82,715,490</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">Financial assets pledged as collateral </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">115,151,836</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">115,151,836</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">78,038,166</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">Investments in Equity Instruments </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">1,018,274</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">973,091</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">45,183</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">886,806</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>TOTAL ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>4,850,645,961</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>4,782,938,185</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>63,285,244</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>785,423</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>3,637,109</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>4,392,858,774</B></FONT></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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>TOTAL</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>AS OF 06.30.25&nbsp;&nbsp;&nbsp;&nbsp;(per currency)</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>TOTAL</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>AS OF</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>AS OF</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt"><B>LIABILITIES</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Dollar</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Euro</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Real</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Other</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <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>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">Deposits </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">4,251,747,004</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">4,204,031,233</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">47,715,771</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">4,139,046,162</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 7.1pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Non-financial Government sector </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">34,634,913</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">34,634,235</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">678</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">104,044,376</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 7.1pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Financial sector </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">3,229,535</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">3,218,657</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">10,878</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">1,885,291</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 7.1pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Non-financial Private Sector and Residents Abroad </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">4,213,882,556</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">4,166,178,341</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">47,704,215</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">4,033,116,495</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">Other financial liabilities </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">177,007,606</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">171,257,961</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">4,750,461</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">999,184</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">212,470,200</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">Financing received from the BCRA and other financial institutions </FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">102,375,989</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">101,483,516</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">892,473</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">50,392,920</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">Corporate bonds issued</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">119,429,217</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">119,429,217</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">Other non-financial liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">106,047,288</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">77,095,246</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">28,952,042</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">85,855,519</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>TOTAL LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>4,756,607,104</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>4,673,297,173</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>82,310,747</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">-</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>999,184</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>4,487,764,801</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146; text-indent: 0.5in"><B>EXHIBIT O</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>DERIVATIVES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 41)</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 2%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 17%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><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><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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Type
    of contract</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Purpose
    of the Transactions</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Underlying
    Asset</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Type
    of Settlement</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Scope
    of Negotiations or Counterparty</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Weighted
    Average Term Originally Agreed</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Residual
    Weighted Average Term</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Weighted
    Average Term of Differences Settlement</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Amount
    (1)</B></FONT></TD></TR>
  <TR STYLE="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><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><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></TR>
  <TR STYLE="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><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><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></TR>
  <TR STYLE="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><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><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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">SWAPS</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Financial
    transactions own account</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Other</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Upon
    maturity of differences</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">OTC
    - Residents in the country - Financial sector</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">13</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">10</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">39</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">23,381,111</FONT></TD></TR>
  <TR STYLE="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><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><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">
    <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><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><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>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">FUTURES</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Financial
    transactions own account </FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Foreign
    currency</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Daily
    differences</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">A3
    Mercados</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">5</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">3</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">1</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">816,362,512</FONT></TD></TR>
  <TR STYLE="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><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><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">
    <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><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><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">
    <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><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><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>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">FUTURES</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Financial
    transactions own account </FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-bottom: 1.5pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Foreign
    currency</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 2.65pt; padding-bottom: 1.5pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Upon
    maturity of differences</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">OTC
    - Residents in the country - Non-financial sector</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">5</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">3</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">141</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">431,781,351</FONT></TD></TR>
  <TR STYLE="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><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><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></TR>
  <TR STYLE="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><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><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></TR>
  <TR>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(1)</FONT></TD>
    <TD COLSPAN="17" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Sum
    of absolute values in thousands of pesos of notional values negotiated.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>DERIVATIVES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF DECEMBER 31, 2024</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 41)</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 17%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><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><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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Type
    of contract</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Purpose
    of the Transactions</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Underlying
    Asset</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Type
    of Settlement</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Scope
    of Negotiations or Counterparty</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Weighted
    Average Term Originally Agreed</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Residual
    Weighted Average Term</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Weighted
    Average Term of Differences Settlement</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Amount
    (1)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><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><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></TR>
  <TR STYLE="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><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><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>
    <TD STYLE="vertical-align: bottom; background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">SWAPS</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Financial
    transactions own account </FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Other</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Upon
    maturity of differences</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">OTC
    - Residents in the country - Financial sector</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">7</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">6</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">16</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">8,107,415</FONT></TD></TR>
  <TR STYLE="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><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><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>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">FUTURES</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Financial
    transactions own account</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Foreign
    currency</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Daily
    differences</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">A3
    Mercados</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">3</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">2</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">1</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">1,228,300,927</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">FUTURES</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Financial
    transactions own account</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Foreign
    currency</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Upon
    maturity of differences</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">OTC
    &#8211; Residents in the country </FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">1</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">1</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">39</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">1,782,561</FONT></TD></TR>
  <TR STYLE="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><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><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">
    <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><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><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>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">FUTURES</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Financial
    transactions own account </FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Foreign
    currency</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Upon
    maturity of differences</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">OTC
    - Residents in the country - Non-financial sector</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">3</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">2</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">96</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">465,799,685</FONT></TD></TR>
  <TR STYLE="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><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><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">
    <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><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><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></TR>
  <TR STYLE="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><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><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></TR>
  <TR>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(1)</FONT></TD>
    <TD COLSPAN="17" STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Sum
    of absolute values in thousands of pesos of notional values negotiated.</FONT></TD></TR>
  </TABLE>

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    <!-- Field: /Page -->

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: right; color: #072146"><B>EXHIBIT R</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>ADJUSTMENT TO IMPAIRMENT LOSS -
ALLOWANCES FOR LOAN LOSSES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF JUNE 30, 2025</B></P>

<P STYLE="font: 8pt/9.2pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of
Argentine pesos in constant currency &#8211; Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 41)</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 35%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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 COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>ECL
    of remaining life of the financial asset</B></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="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; 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-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Balances
    as of 12.31.24</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>ECL
    for the following </B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>FI
    with significant </B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>FI
    with credit</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Monetary
    gain (loss) </B></FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Balances
    as of 06.30.25</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>12
    months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>increase
    of </B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>impairment</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>generated
    by </B></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><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="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>credit
    risk</B></FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>allowances</B></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><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><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="border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Other
    financial assets</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>1,815,424</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(198,101)</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>-</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>514,928</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(256,155)</B></FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>1,876,096</B></FONT></TD></TR>
  <TR STYLE="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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Loans
    and other financing</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>194,406,263</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>14,917,179</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>21,520,542</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>124,912,251</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(32,936,813)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>322,819,422</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other
    financial institutions</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">15,039,068</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">10,089,917</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">67,195</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">(668,931)</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">(2,184,771)</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">22,342,478</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial
    Private Sector and Residents Abroad</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">179,367,195</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">4,827,262</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">21,453,347</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">125,581,182</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">(30,752,042)</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">300,476,944</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Overdrafts</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">7,675,760</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">461,481</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">532,960</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">4,682,656</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(1,230,687)</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">12,122,170</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Instruments</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">14,807,894</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">940,692</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">1,506,356</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">1,398,391</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(2,154,063)</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">16,499,270</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Mortgage
    loans</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">10,342,511</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(214,327)</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(39,394)</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">1,047,359</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(1,509,565)</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">9,626,584</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Pledge
    loans</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">1,471,374</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(102,258)</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">55,470</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">3,054,685</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(351,115)</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">4,128,156</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Consumer
    loans</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">52,899,480</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">149,164</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">8,937,495</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">52,320,679</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(9,977,903)</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">104,328,915</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Credit
    cards</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">78,712,102</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(884,001)</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">11,014,416</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">59,721,922</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(13,331,780)</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">135,232,659</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Finance
    leases</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">704,725</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">66,236</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(2,037)</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">123,228</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(110,445)</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">781,707</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Other</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">12,753,349</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">4,410,275</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(551,919)</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">3,232,262</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(2,086,484)</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">17,757,483</FONT></TD></TR>
  <TR STYLE="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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Other
    debt securities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>180,528</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(60,000)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(18,810)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>101,718</B></FONT></TD></TR>
  <TR STYLE="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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Contingent
    commitments</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>26,218,872</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>8,772,418</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>2,607,965</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>117,314</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(3,758,122)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>33,958,447</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>TOTAL
    ALLOWANCES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>222,621,087</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>23,431,496</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>24,128,507</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>125,544,493</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>(36,969,900)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>358,755,683</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/115% BBVA Benton Sans Book,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>ADJUSTMENT TO IMPAIRMENT LOSS -
ALLOWANCES FOR LOAN LOSSES</B></P>

<P STYLE="font: 8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>AS OF DECEMBER 31, 2024</B></P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Amounts stated in thousands of Argentine
pesos in constant currency &#8211; Note 2.1.5. to the consolidated condensed interim financial statements)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">(Translation of Financial statements
originally issued in Spanish &#8211; See Note 41)</P>

<P STYLE="font: 8pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 35%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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 COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>ECL
    of remaining life of the financial asset</B></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="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1.65pt; padding-bottom: 1.5pt; 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-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Accounts</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Balances
    as of 12.31.23</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>ECL
    for the following </B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>FI
    with significant </B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>FI
    with credit</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Monetary
    gain (loss) </B></FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Balances
    as of 12.31.24</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>12
    months</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>increase
    of </B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>impairment</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>generated
    by </B></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><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="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>credit
    risk</B></FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>allowances</B></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="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><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="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Other
    financial assets</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>3,105,272</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(51,563)</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>-</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>539,255</B></FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(1,777,540)</B></FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>1,815,424</B></FONT></TD></TR>
  <TR STYLE="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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Loans
    and other financing</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>119,746,290</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>59,460,395</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>20,660,638</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>76,329,516</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(81,790,576)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>194,406,263</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other
    financial institutions</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">9,517,631</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">12,131,862</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">197,592</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">(28,420)</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">(6,779,597)</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">15,039,068</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-financial
    Private Sector and Residents Abroad</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">110,228,659</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">47,328,533</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">20,463,046</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">76,357,936</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">(75,010,979)</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481">179,367,195</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Overdrafts</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">8,609,184</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">3,093,395</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(429,187)</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">2,627,525</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(6,225,157)</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">7,675,760</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Instruments</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">9,636,198</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">11,143,216</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">345,112</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">114,250</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(6,430,882)</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">14,807,894</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Mortgage
    loans</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">8,290,015</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">343,195</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">2,466,516</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">5,662,261</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(6,419,476)</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">10,342,511</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Pledge
    loans</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">660,152</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">184,804</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">243,119</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">795,637</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(412,338)</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">1,471,374</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Consumer
    loans</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">24,178,008</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">11,233,251</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">6,388,721</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">28,477,357</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(17,377,857)</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">52,899,480</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Credit
    cards</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">47,886,186</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">21,482,826</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">10,402,026</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">33,718,977</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(34,777,913)</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">78,712,102</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Finance
    leases</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">1,177,570</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">166,166</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">39,547</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">80,484</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(759,042)</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">704,725</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; padding-left: 0.25in"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">Other</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">9,791,346</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(318,320)</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">1,007,192</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">4,881,445</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">(2,608,314)</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: black">12,753,349</FONT></TD></TR>
  <TR STYLE="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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Other
    debt securities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>245,695</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>107,551</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(172,718)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>180,528</B></FONT></TD></TR>
  <TR STYLE="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><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Contingent
    commitments</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>14,969,019</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>17,225,216</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>4,544,769</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>661,822</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(11,181,954)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>26,218,872</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>TOTAL
    ALLOWANCES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>138,066,276</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>76,741,599</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>25,205,407</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>77,530,593</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>(94,922,788)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 2.25pt double; padding-top: 1.65pt; padding-bottom: 1.5pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>222,621,087</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 1pt BBVA Benton Sans Book,serif; margin: 0; text-align: center">&nbsp;</P>


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<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>REPORTING SUMMARY FOR</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>THE SIX-MONTH PERIOD ENDED JUNE
30, 2025</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>(Amounts stated in thousands
of Argentine pesos in constant currency &ndash;Note 2.1.5. to the consolidated condensed interim financial statements)</B></P>

<P STYLE="text-align: center; margin-top: 0; font: 10pt BBVA Benton Sans Book,serif; margin-bottom: 0; color: #072146"><B>(Translation
of Financial statements originally issued in Spanish &ndash; See Note 54 to the consolidated financial statements)</B></P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0; color: #072146">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">This reporting summary was prepared
on the basis of the consolidated condensed interim financial statements of the Bank prepared in accordance with the financial reporting
framework set forth by the BCRA. (Communication &#8220;A&#8221; 6114 as supplemented by the BCRA). Except for the exceptions established
by the BCRA which are explained in the following paragraph, such framework is based on IFRS Accounting Standards as issued by the IASB
(International Accounting Standards Board) and adopted by the Argentine Federation of Professionals Councils in Economic Sciences (FACPCE,
for its acronym in Spanish). The abovementioned IFRS Accounting Standards include the International Financial Reporting Standards (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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">Out of the exceptions set forth by the
BCRA to the application of current IFRS Accounting Standards, the following affects the preparation of these consolidated condensed interim
financial statements:</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 24.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 10pt">Within the framework of the convergence
process to IFRS Accounting Standards established by Communication &#8220;A&#8221; 6114, as amended and supplemented, the BCRA provided
that for fiscal years starting on or after January 1, 2020, financial institutions defined as &#8220;Group A&#8221; according to BCRA
regulations, as such is the case of the Entity, are required to start to apply paragraph 5.5 &#8220;Impairment&#8221; of IFRS 9 &#8220;Financial
Instruments&#8221; (paragraphs B5.5.1 through B5.5.55) except for exposures to the public sector, considering the exclusion set forth
by Communication &#8220;A&#8221; 6847.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 42.5pt; text-align: justify">Had the abovementioned paragraph 5.5.
&#8220;Impairment&#8221; been applied in full, according to a global estimate made by the Entity, as of June 30, 2025 and December 31,
2024, its shareholders&#8217; equity would have been reduced by 431,930 and 5,875,621, respectively.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 42.55pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">Except for what was mentioned in the
previous paragraphs, the accounting policies applied by the Entity comply with the IFRS Accounting Standards issued by the IASB that have
been currently approved and are applicable in the preparation of these consolidated condensed interim financial statements in accordance
with the IFRS Accounting Standards issued by the IASB, as adopted by the BCRA as per Communication &#8220;A&#8221; 8164. In general, the
BCRA does not allow the early application of any IFRS Accounting Standards, unless otherwise specified.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">These financial statements as of June
30, 2025 have been approved by the Board of Directors of Banco BBVA Argentina S.A. on August 20, 2025.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">Likewise, the BCRA by means of Communications
&quot;A&quot; 6323 and 6324 established guidelines for the preparation and presentation of financial statements of financial entities
as from fiscal years beginning on January 1, 2018, including additional information requirements as well as the information to be presented
in the form of Exhibits.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; 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 June 30, 2025 and December 31, 2024.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify; color: #072146"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">Banco BBVA Argentina S.A. <FONT STYLE="color: #121212">(NYSE;
A3 Mercados S.A. (former Mercado Abierto Electr&oacute;nico S.A.); BYMA: BBAR; Latibex: XBBAR) is a subsidiary of the BBVA Group, 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 June 30, 2025, the Entity's total assets, liabilities and shareholders' equity amounted to 19,264,453,541; 16,329,351,272;
and 2,879,056,118; respectively.</P>


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<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>REPORTING SUMMARY FOR</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>THE SIX-MONTH PERIOD ENDED JUNE
30, 2025</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>(Amounts stated in thousands
of Argentine pesos in constant currency &ndash;Note 2.1.5. to the consolidated condensed interim financial statements)</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>(Translation of
Financial statements originally issued in Spanish &ndash; See Note 54 to the consolidated financial statements)</B></P>

<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; 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 3.77 million active customers as of June 30, 2025. That network includes 234 branches providing services to the retail segment and
also to small and medium sized-enterprises and organizations.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; 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 860 ATMs, 895 self-service terminals, 15 in-company banks, one point 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
S.A. has 6,509 employees, including 102 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/120% BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">The loan portfolio net of allowance
for loan losses totaled $ 11,153,841,137 as of June 30, 2025, reflecting a 109.71% increase as compared to the previous year.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">As it relates to consumer loans, including
mortgage loans, credit cards, consumer loans and pledge loans, the latter jointly with consumer loans increased the most, by 338.67% in
the case of pledge loans and 167.62% in consumer loans, compared with June 30, 2025.</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0.05pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 5pt 0 5pt 14.2pt; text-align: justify">Banco BBVA Argentina S.A.'s consolidated
market share in private-sector financing was 11.61% at fiscal period- end, based on the BCRA's daily information (principal balance as
of the last day of each consolidated quarter).</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 5pt 0 5pt 14.2pt; text-align: justify">In terms of portfolio quality, the
Bank managed to obtain very good ratios. As for the nonperforming portfolio (nonperforming financing/total financing) stood at 2.28%,
with a 115.15% hedge level (total allowances/nonperforming financing) as of June 30, 2025.</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">The exposure for securities as of June
30, 2025 totaled $ 3,048,921,582.</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0.05pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">In terms of liabilities, customers&#8217;
resources totaled $ 13,026,616,045, with a 60.80% increase over the last twelve months.</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0.05pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">Banco BBVA Argentina S.A.'s consolidated
market share in private-sector financing was 9.64% at fiscal period- end, based on the information provided by the BCRA on a daily basis
(principal amount as of the last day of each quarter).</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify; color: #004481"><B><U>Breakdown of changes
in the main income/loss items</U></B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">Banco BBVA Argentina S.A. recorded an
accumulated profit of 146,131,205 as of June 30, 2025, representing a return on average shareholders' equity of 9.55%, a return on average
assets of 1.54%, and a return on average liabilities of 0.97%.</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.15pt; text-align: justify">Accumulated net interest income totaled
1,165,688,291, down by 48.15% compared to June 2024. Such decrease was driven by less income from premium for reverse repurchase agreements
and interest on CER clause adjustment, offset by less interest on term deposits and interest on checking accounts.</P>

<P STYLE="font: 10pt BBVA Benton Sans Book,serif; margin: 0.05pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">Accumulated net commission income totaled
199,844,646 accounting for a 20.78% increase compared to June 2024. This increase was due to higher commissions linked to liabilities
and credit card commissions. This increase in commission income was partially offset by increased commissions linked to debit and credit
cards.</P>


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<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>REPORTING SUMMARY FOR</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>THE SIX-MONTH PERIOD ENDED JUNE
30, 2025</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>(Amounts stated in thousands
of Argentine pesos in constant currency &ndash;Note 2.1.5. to the consolidated condensed interim financial statements)</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>(Translation of
Financial statements originally issued in Spanish &ndash; See Note 54 to the consolidated financial statements)</B></P>

<P STYLE="font: 12pt/120% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 0 14.2pt; text-align: justify">As concerns accumulated administrative
expenses and personnel benefits totaled 573,060,851, down by 9.80% vis-a-vis June 2024. This decrease was due to lower expenses for personnel
compensation and bonuses and taxes. This decrease was offset by increased expenses for administrative services hired and armored transportation
services.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 14.15pt; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 14.15pt; text-align: justify; color: #004481"><B><U>Prospects</U></B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 14.15pt; text-align: justify; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 14.15pt; text-align: justify">The process of macroeconomic normalization
has continued in recent months. The maintenance of fiscal balance, along with a contractionary monetary policy and the gradual easing
of foreign exchange restrictions, have been determining factors in anchoring expectations and consolidating a marked disinflationary trend
since 2024, which has continued during the first half of 2025.. In this context of stabilization, despite certain recent signs of a slowdown
in the pace of economic recovery, GDP growth is projected at 5.5% year-on-year in 2025, according to BBVA Research, which not only offsets
the 1.7% decline in 2024 but is also expected to surpass previous highs reached in past years. As a result of these improvements, our
baseline scenario anticipates that the disinflationary convergence will strengthen, with a Y-o-Y rate approaching 28% by the end of 2025.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 14.15pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 14.15pt; text-align: justify">Within the framework of a new agreement
with the International Monetary Fund in Q2, on April 14, 2025, the lifting of much of the remaining foreign exchange controls was announced,
along with the implementation of a floating exchange rate scheme within wide bands, which has positively impacted our results of operations,
with increased foreign exchange trading activity and income from gold and foreign currency quotes. These regulatory changes are also expected
to boost cross-border lending flows and investment in the country.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 14.15pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 14.15pt; text-align: justify">During the first half of 2025, BBVA
Argentina accelerated its growth in the loan segment, consistently outperforming the market. The Bank&#8217;s market share on total private
currency loans at a consolidated level increased by 107 basis points, from 10.54% in June 2024 to 11.61% in June 2025, maintaining a double-digit
share since January 2024.. As of March 2025, BBVA Argentina ranked 3rd in the ranking of local banks with private capital with respect
to private loans in consolidated terms. Our peso loan portfolio expanded by 43% year-to-date, a pace exceeding the system&#8217;s 39%
growth and the accumulated six-month inflation, which reached 15.1% in June 2025. This outperformance has directly translated into greater
relevance within the financial system.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 14.15pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 14.15pt; text-align: justify">In line with our commitment to generating
value for our shareholders, the Bank has announced the distribution of dividends in cash or in kind for fiscal year 2024, in the amount
of ARS 89,413 million expressed in constant currency as of December 31, 2024, to be adjusted by CPI at the date of each of the 10 scheduled
payments, with the first 2 payments having already been successfully made.</P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 14.15pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0 0 6pt 14.15pt; text-align: justify">Finally, BBVA Argentina is advancing
in the implementation of the new global strategy for 2025-2029, deepening its commitment to the sustainable growth of the business. In
an environment that demands constant progress, our focus will be on generating value for our clients and shareholders, leveraging innovation
and efficiency. Thus, we continue to actively monitor the business to address the challenges of the context and, above all, to fulfill
our renewed purpose: &#8220;Supporting your drive to go further&#8221;.</P>


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<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>REPORTING SUMMARY FOR</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>THE SIX-MONTH PERIOD ENDED JUNE
30, 2025</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>(Amounts stated in thousands
of Argentine pesos in constant currency &ndash;Note 2.1.5. to the consolidated condensed interim financial statements)</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>(Translation of
Financial statements originally issued in Spanish &ndash; See Note 54 to the consolidated financial statements)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 5pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="11" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>CONSOLIDATED BALANCE SHEET STRUCTURE COMPARATIVE</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="11" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>&nbsp;WITH THE SAME PERIODS OF PREVIOUS FISCAL YEARS</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="11" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 9pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146">(Amounts stated in thousands of Argentine pesos in constant currency &#8211;Note 2.1.5.)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8">&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: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&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>
    <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="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.23</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.22</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt; color: #072146"><B>06.30.21</B></FONT></TD>
    </TR>
  <TR>
    <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>
    <TD STYLE="vertical-align: bottom; background-color: white">&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>
    <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">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&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>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Total assets</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">19,264,453,541</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">13,302,466,067</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">16,229,943,128</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">15,692,683,135</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">15,828,123,779</FONT></TD>
    </TR>
  <TR>
    <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>
    <TD STYLE="vertical-align: bottom; background-color: white">&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>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Total liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">16,329,351,272</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">10,362,795,291</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">13,292,898,388</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">13,080,171,787</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">13,394,538,685</FONT></TD>
    </TR>
  <TR>
    <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>
    <TD STYLE="vertical-align: bottom; background-color: white">&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>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Shareholders&#8217; Equity Parent</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,879,056,118</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,893,781,272</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,893,359,752</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,566,876,065</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">2,385,340,200</FONT></TD>
    </TR>
  <TR>
    <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>
    <TD STYLE="vertical-align: bottom; background-color: white">&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>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Shareholders&#8217; Equity Minority interest</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">56,046,151</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">45,889,504</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">43,684,988</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">45,635,283</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt">48,244,894</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">Total liabilities + Shareholders&#8217; Equity Parent</FONT></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; background-color: white">&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>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 9pt">+ Shareholders&#8217; Equity Minority interest</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>19,264,453,541</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>13,302,466,067</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>16,229,943,128</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>15,692,683,135</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 8pt"><B>15,828,123,779</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="width: 35%">&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>
    <TD STYLE="width: 12%">&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>
    </TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0.05pt 0 0">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>REPORTING SUMMARY FOR</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>THE SIX-MONTH PERIOD ENDED JUNE
30, 2025</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>(Amounts stated in thousands
of Argentine pesos in constant currency &ndash;Note 2.1.5. to the consolidated condensed interim financial statements)</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>(Translation of
Financial statements originally issued in Spanish &ndash; See Note 54 to the consolidated financial statements)</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>CONSOLIDATED
    STATEMENT OF INCOME STRUCTURE COMPARATIVE</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="10" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>&nbsp;WITH
    THE SAME PERIODS OF PREVIOUS FISCAL YEARS</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="10" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 5.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146">(Amounts
    stated in thousands of Argentine pesos in constant currency &#8211;Note 2.1.5.)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8"><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="width: 53%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><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="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.23</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.22</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.21</B></FONT></TD></TR>
  <TR STYLE="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><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><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><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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Net
    interest income</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>1,165,688,291</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>2,248,270,892</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>1,802,021,842</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>1,120,307,105</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>882,861,808</B></FONT></TD></TR>
  <TR STYLE="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><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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Net
    commission income</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>199,844,646</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>165,463,988</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>193,893,140</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>201,990,246</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>167,571,883</B></FONT></TD></TR>
  <TR STYLE="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><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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Net
    income/(loss) from measurement of financial instruments at fair value through profit or loss</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">81,187,806</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">89,289,245</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">83,143,484</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">68,515,812</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">55,449,804</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Net
    income/(loss) from write-down of assets at amortized cost and at fair value through OCI</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">84,667,245</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">123,074,574</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">12,109,277</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">5,885,505</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(969,711)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Foreign
    exchange and gold gains</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">62,839,058</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">45,262,699</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">23,500,393</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">39,802,224</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">39,828,687</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Other
    operating income</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">78,733,004</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">86,879,822</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">73,234,464</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">81,241,551</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">64,597,589</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Loan
    loss allowance</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(246,116,899)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(102,364,330)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(109,914,732)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(57,141,173)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(77,807,057)</FONT></TD></TR>
  <TR STYLE="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><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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Net
    operating income</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>1,426,843,151</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>2,655,876,890</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>2,077,987,868</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>1,460,601,270</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>1,131,533,003</B></FONT></TD></TR>
  <TR STYLE="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><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><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><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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Personnel
    benefits</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(270,259,377)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(301,338,616)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(291,651,493)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(260,629,291)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(235,096,177)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Administrative
    expenses</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(302,801,474)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(334,002,650)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(315,132,588)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(261,536,360)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(215,959,636)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Asset
    depreciation and impairment</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(45,615,540)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(42,004,803)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(36,172,870)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(40,637,859)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(43,488,172)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Other
    operating expenses</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(313,699,382)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(312,393,024)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(280,803,106)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(216,070,604)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(196,291,971)</FONT></TD></TR>
  <TR STYLE="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><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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Operating
    income</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>494,467,378</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>1,666,137,797</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>1,154,227,811</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>681,727,156</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>440,697,047</B></FONT></TD></TR>
  <TR STYLE="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><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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Income/(loss)
    from associates and joint ventures</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>4,818,719</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(1,298,719)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>2,685,988</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(1,066,795)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>2,593,762</B></FONT></TD></TR>
  <TR STYLE="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><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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Loss
    on net monetary position</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(269,656,427)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(1,320,192,852)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(765,545,137)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(510,963,427)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(313,330,887)</B></FONT></TD></TR>
  <TR STYLE="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><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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Income
    before income tax from continuing activities</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>229,629,670</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>344,646,226</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>391,368,662</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>169,696,934</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>129,959,922</B></FONT></TD></TR>
  <TR STYLE="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><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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Income
    tax from continuing activities</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(83,498,465)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(130,804,354)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(137,801,590)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>60,553,140</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>62,538,763</B></FONT></TD></TR>
  <TR STYLE="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><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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 5.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Net
    income from continuing activities</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>146,131,205</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>213,841,872</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>253,567,072</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>230,250,074</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>192,498,685</B></FONT></TD></TR>
  <TR STYLE="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><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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Net
    income for the period</B></FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>146,131,205</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>213,841,872</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>253,567,072</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>230,250,074</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>192,498,685</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 30.35pt">&nbsp;</P>


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<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>REPORTING SUMMARY FOR</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>THE SIX-MONTH PERIOD ENDED JUNE
30, 2025</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>(Amounts stated in thousands
of Argentine pesos in constant currency &ndash;Note 2.1.5. to the consolidated condensed interim financial statements)</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>(Translation of
Financial statements originally issued in Spanish &ndash; See Note 54 to the consolidated financial statements)</B></P>


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="11" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>CONSOLIDATED
    STATEMENT OF OTHER COMPREHENSIVE INCOME STRUCTURE COMPARATIVE</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="11" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>&nbsp;WITH
    THE SAME PERIODS OF PREVIOUS FISCAL YEARS</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="11" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146">(Amounts
    stated in thousands of Argentine pesos in constant currency &#8211;Note 2.1.5.)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.24</B></FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.23</B></FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.22</B></FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.21</B></FONT></TD></TR>
  <TR STYLE="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><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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Net
    income for the period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>146,131,205</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>213,841,872</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>253,567,072</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>230,250,074</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>192,498,685</B></FONT></TD></TR>
  <TR STYLE="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><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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Other
    comprehensive income components to be reclassified to income/(loss) for the period:</B></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: 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: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><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></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Share
    in Other Comprehensive Income from associates and joint ventures at equity method</B></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><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></TR>
  <TR STYLE="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><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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Income
    for the period on the Share in OCI from associates and joint ventures at equity method-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">850,875</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(119,116)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><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"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>850,875</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(119,116)</B></FONT></TD></TR>
  <TR STYLE="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><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></TR>
  <TR STYLE="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><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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Profit
    or losses from financial instruments at fair value through OCI</B></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: 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: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Income
    / (Loss) for the period from financial instruments at fair value through OCI</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(111,608,157)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(369,534,303)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">32,640,458</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(137,798,170)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(7,176,509)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Reclassification
    adjustment for the period</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(84,667,245)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(120,946,922)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">7,272,145</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(5,885,505)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">737,152</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Income
    tax</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">68,696,391</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">231,207,822</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(20,556,217)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">52,659,540</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">3,401,732</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><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"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(127,579,011)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(259,273,403)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>19,356,386</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(91,024,135)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(3,037,625)</B></FONT></TD></TR>
  <TR STYLE="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><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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Other
    comprehensive income components not to be reclassified to income/(loss) for the period:</B></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: 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: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>Income
    or loss on equity instruments at fair value through OCI (Paragraph 5.7.5, IFRS 9)</B></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: 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: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Income
    for the period from financial instruments at fair value through OCI</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">2,854,029</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(208,208)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">3,583,637</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(235,325)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(139,772)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><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"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>2,854,029</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(208,208)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>3,583,637</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(235,325)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #004481"><B>(139,772)</B></FONT></TD></TR>
  <TR STYLE="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><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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Total
    Other Comprehensive Income / (Loss) for the period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>(124,724,982)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>(259,481,611)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>22,940,023</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>(90,408,585)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>(3,296,513)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Total
    comprehensive income / (loss)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>21,406,223</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>(45,639,739)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>276,507,095</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>139,841,489</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>189,202,172</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 2.25pt double"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 2.25pt double"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 2.25pt double"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 2.25pt double"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 2.25pt double"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Total
    Comprehensive income / (loss):</B></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><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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Attributable
    to owners of the Parent</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">13,778,808</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(46,494,174)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">274,994,715</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">143,254,667</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">190,025,183</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2.65pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Attributable
    to non-controlling interests</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">7,627,415</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">854,435</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">1,512,380</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(3,413,178)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(823,011)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 148 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->147<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>REPORTING SUMMARY FOR</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>THE SIX-MONTH PERIOD ENDED JUNE
30, 2025</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>(Amounts stated in thousands
of Argentine pesos in constant currency &ndash;Note 2.1.5. to the consolidated condensed interim financial statements)</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>(Translation of
Financial statements originally issued in Spanish &ndash; See Note 54 to the consolidated financial statements)</B></P>


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="11" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>CONSOLIDATED
    CASH FLOW STRUCTURE COMPARATIVE</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="11" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>&nbsp;WITH
    THE SAME PERIODS OF PREVIOUS FISCAL YEARS</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="11" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146">(Amounts
    stated in thousands of Argentine pesos in constant currency &#8211;Note 2.1.5.)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7"><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></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 11%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 11%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 11%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 11%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 11%"><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"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.23</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.22</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; background-color: white; padding-top: 2.65pt; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.21</B></FONT></TD>
    </TR>
  <TR>
    <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: 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: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Total
    cash flows generated by / (used in) operating activities</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">38,128,457</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">1,262,961,557</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">801,118,961</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(241,449,353)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">1,026,850,389</FONT></TD>
    </TR>
  <TR>
    <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: 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: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Total
    cash flows used in investing activities</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(51,763,049)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(60,164,880)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(25,640,383)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(44,812,576)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(25,403,815)</FONT></TD>
    </TR>
  <TR>
    <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: 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: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 6pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Total
    cash flows generated by / (used in) financing activities</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">410,141,849</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(91,630,970)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(20,526,692)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">39,199,665</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(78,035,358)</FONT></TD>
    </TR>
  <TR>
    <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: 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: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Effect
    of exchange rate changes</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">64,424,986</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(557,649,400)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">92,745,645</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(128,006,123)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">14,327,368</FONT></TD>
    </TR>
  <TR>
    <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: 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: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">Effect
    of net monetary income/(loss) of cash and cash equivalents</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(397,006,695)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(1,395,675,559)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(960,885,192)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(874,507,123)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(796,735,537)</FONT></TD>
    </TR>
  <TR>
    <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; border-bottom: black 2.25pt double"><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; border-bottom: black 2.25pt double"><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; border-bottom: black 2.25pt double"><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; border-bottom: black 2.25pt double"><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; border-bottom: black 2.25pt double"><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"><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: 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>
    </TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>Total
    cash (used in) / generated during the period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>63,925,548</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>(842,159,252)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>(113,187,661)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>(1,249,575,510)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>141,003,047</B></FONT></TD>
    </TR>
  <TR>
    <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; border-bottom: black 2.25pt double; 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; border-bottom: black 2.25pt double; 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; border-bottom: black 2.25pt double; 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; border-bottom: black 2.25pt double; 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; border-bottom: black 2.25pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="9" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>STATISTICAL
    DATA COMPARATIVE</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="9" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146">(Variation
    of balances over the previous fiscal year)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 36%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    </TR>
  <TR STYLE="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><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>
    <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="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.25
    / </B></FONT><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt"><BR>
    <FONT STYLE="color: #072146"><B>06.30.24</B></FONT></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.24
    / </B></FONT><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt"><BR>
    <FONT STYLE="color: #072146"><B>06.30.23</B></FONT></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.23
    / </B></FONT><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt"><BR>
    <FONT STYLE="color: #072146"><B>06.30.22</B></FONT></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.22
    / </B></FONT><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt"><BR>
    <FONT STYLE="color: #072146"><B>06.30.21</B></FONT></FONT></TD>
    </TR>
  <TR STYLE="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><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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><P STYLE="font: 7pt/7pt BBVA Benton Sans Book,serif; margin: 0"><FONT STYLE="font-size: 7pt"><B>Total loans </B></FONT></P>
    <P STYLE="font: 12pt/7pt BBVA Benton Sans Book,serif; margin: 0"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">109.71
    %</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(2.40)
    %</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(4.63)
    %</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">1.68
    %</FONT></TD>
    </TR>
  <TR STYLE="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><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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><P STYLE="font: 7pt/7pt BBVA Benton Sans Book,serif; margin: 0"><FONT STYLE="font-size: 7pt"><B>Total deposits </B></FONT></P>
    <P STYLE="font: 12pt/7pt BBVA Benton Sans Book,serif; margin: 0"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">60.80
    %</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(22.18)
    %</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(4.30)
    %</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(2.48)
    %</FONT></TD>
    </TR>
  <TR STYLE="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><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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><P STYLE="font: 7pt BBVA Benton Sans Book,serif; margin: 0"><FONT STYLE="font-size: 7pt"><B>Income/(loss) </B></FONT></P>
    <P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(31.66)
    %</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(15.67)
    %</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">10.13
    %</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">19.61
    %</FONT></TD>
    </TR>
  <TR STYLE="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><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>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><P STYLE="font: 7pt BBVA Benton Sans Book,serif; margin: 0"><FONT STYLE="font-size: 7pt"><B>Shareholders' Equity </B></FONT></P>
    <P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(0.16)
    %</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">0.09
    %</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">12.42
    %</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">7.35
    %</FONT></TD>
    </TR>
  </TABLE>
<P STYLE="font: 9pt/120% BBVA Benton Sans Book,serif; margin: 0 0 0 21.3pt">&nbsp;</P>

<P STYLE="font: 9pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt/10pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>REPORTING SUMMARY FOR</B></P>

<P STYLE="font: 10pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>THE SIX-MONTH PERIOD ENDED JUNE
30, 2025</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>(Amounts stated in thousands
of Argentine pesos in constant currency &ndash;Note 2.1.5. to the consolidated condensed interim financial statements)</B></P>

<P STYLE="font: 10pt/12pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>(Translation of
Financial statements originally issued in Spanish &ndash; See Note 54 to the consolidated financial statements)</B></P>


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <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 COLSPAN="9" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>RATIOS
    COMPARATIVE</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="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><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></TR>
  <TR>
    <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="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.24</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.23</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.22</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2.65pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt; color: #072146"><B>06.30.21</B></FONT></TD></TR>
  <TR STYLE="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><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></TR>
  <TR STYLE="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><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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt"><B>Solvency
    (a)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">17.97
    %</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">28.37
    %</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">22.09
    %</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">19.97
    %</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">18.17
    %</FONT></TD></TR>
  <TR STYLE="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><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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt"><B>Liquidity(b)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">48.73
    %</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">69.60
    %</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">84.13
    %</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">76.68
    %</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">75.75
    %</FONT></TD></TR>
  <TR STYLE="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><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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt"><B>Tied-up
    capital(c)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">34.05
    %</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">28.99
    %</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">29.01
    %</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">32.62
    %</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">35.01
    %</FONT></TD></TR>
  <TR STYLE="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><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></TR>
  <TR>
    <TD STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt"><B>Indebtedness
    (d)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">5.56</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">3.53</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">4.53</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">5.01</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0.75pt; text-align: right"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">5.50</FONT></TD></TR>
  <TR STYLE="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><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></TR>
  <TR STYLE="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><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></TR>
  <TR STYLE="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><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></TR>
  <TR>
    <TD COLSPAN="11" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(a)
    Shareholders&#8217; Equity/Liabilities.</FONT></TD></TR>
  <TR>
    <TD COLSPAN="11" STYLE="padding-right: 2.65pt; padding-left: 2.65pt; line-height: 7pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(b)
    Sum of cash and deposits in banks, debt securities at fair value through profit or loss (excluding private securities), net repo
    transactions and other debt securities/deposits.</FONT></TD></TR>
  <TR>
    <TD COLSPAN="11" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(c)
    Sum of property and equipment, miscellaneous assets and intangible assets/Shareholders&#8217; Equity.</FONT></TD></TR>
  <TR>
    <TD COLSPAN="11" STYLE="padding-right: 2.65pt; padding-left: 2.65pt"><FONT STYLE="font-family: BBVA Benton Sans Book,serif; font-size: 7pt">(d)
    Total liabilities/Shareholders' Equity.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0"></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>REPORT ON THE REVIEW OF INTERIM CONDENSED</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>CONSOLIDATED FINANCIAL STATEMENTS</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">To the Directors of</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>BANCO BBVA ARGENTINA S.A.</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">CUIT (Argentine taxpayer identification number): 30-50000319-3</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Registered office: Av. C&oacute;rdoba 111</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><U>City of Buenos Aires, Argentina</U></P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Lucida Sans; 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, Helvetica, Sans-Serif; font-size: 10pt">I.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Report on the financial statements
</B></FONT></TD></TR></TABLE>

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/150% Lucida Sans; 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, Helvetica, Sans-Serif; font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">We have reviewed the accompanying
interim condensed consolidated financial statements of BANCO BBVA ARGENTINA S.A. (the &#8220;Bank&#8221;) and its subsidiaries, which
comprise: (a) the condensed consolidated statement of financial position as of June 30, 2025, (b) the condensed consolidated statements
of income and other comprehensive income for the three and six months periods ended June 30, 2025, the changes in shareholders&#8217;
equity and cash flows for the six-month period 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/150% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: -7.1pt"><B>Responsibility of the Bank&#8217;s
Management and Board of Directors in connection with the financial statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: -7.1pt; color: #1F497D"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/150% Lucida Sans; 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, Helvetica, Sans-Serif; font-size: 10pt">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The Bank&#8217;s Board of Directors
and Management are responsible for the 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), and in particular for the condensed
interim financial statements on the International Accounting Standard (&#8220;IAS&#8221;) 34 &quot;Interim Financial Reporting&quot;,
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&#8217;s Board of Directors and
Management are also responsible for the internal control they may deem necessary for the interim financial statements to be prepared free
of material misstatements, whether due to errors or irregularities.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Auditors&#8217; responsibility</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/150% Lucida Sans; 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, Helvetica, Sans-Serif; font-size: 10pt">3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Our responsibility is to conclude
on the financial statements mentioned in paragraph 1 based on our review, which was performed in accordance with the provisions of FACPCE
Technical Resolution No. 37 and with BCRA minimum external auditing standards applicable to the review of interim financial statements
and in compliance with the ethical requirements relevant to the audit of the Bank&#8217;s annual financial statements. A review of interim
financial statements consists of making inquiries, mainly from the persons in charge of accounting and financial issues, as well as applying analytical procedures and other review procedures. The scope of a review is considerably
narrower than that of a financial statements audit, therefore, we cannot obtain reasonable assurance that we will become aware of all
the material issues that may arise in an audit. Therefore, we do not express an audit opinion.</FONT></TD></TR></TABLE>


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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 13.5pt"><B>Conclusion</B></TD><TD STYLE="text-align: justify"></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/150% Lucida Sans; 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, Helvetica, Sans-Serif; font-size: 10pt">4.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Based on our review, nothing
came to our attention making us believe that the financial statements mentioned in paragraph 1 are not prepared, in all material respects,
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, Helvetica, Sans-Serif; margin: 0 0 0 31.5pt; text-align: justify; text-indent: -14.3pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: -7.1pt"><B>Emphasis on certain aspects
disclosed in the financial statements </B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/150% Lucida Sans; 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, Helvetica, Sans-Serif; font-size: 10pt">5.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">We would like to draw attention
to the information contained in Note 2. &#8220;Basis for the preparation of these financial statements and applicable accounting standards
&#8211; Applicable Accounting Standards&#8221; where the Bank quantifies the effects of the application of section 5.5 &#8220;Impairment
in value&#8221; of IFRS 9 &#8220;Financial instruments&#8221; to financial assets that comprise exposures to the public sector, which
were temporarily excluded from such application through BCRA Communiqu&eacute; &#8220;A&#8221; 6847, which is explained in the note.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0 0 0 31.3pt; text-align: justify; text-indent: -14.3pt">&nbsp;</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0 0 0 13.3pt; text-align: justify">This issue does not change the conclusion
stated in paragraph 4, but it should be considered by the users of IFRS for interpreting the accompanying financial statements mentioned
in paragraph 1.</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0 0 0 31.3pt; text-align: justify; text-indent: -14.3pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/150% Lucida Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">6.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">As further explained in Note
54. to the interim condensed consolidated interim 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, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: -7.1pt"><B>Other matters</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: -7.1pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/150% Lucida Sans; 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, Helvetica, Sans-Serif; font-size: 10pt">7.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">We also issued a separate report
on the interim condensed separate financial statements of BANCO BBVA ARGENTINA S.A. as of the same date and for the same periods indicated
in paragraph 1. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Lucida Sans; 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, Helvetica, Sans-Serif; font-size: 10pt">II.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Report on other legal and
regulatory requirements</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0 0 0 13.3pt; text-align: justify; text-indent: -14.3pt">In compliance
with current regulations, we further report that:</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/150% Lucida Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">a)</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The condensed
consolidated financial statements mentioned in paragraph 1 are being transcribed to the Book of Balance Sheets for Publication and result
from books kept, in their formal respects, in conformity with current regulations considering what is mentioned in note 2.7.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0 3.95pt 0 71.3pt; text-align: justify; text-indent: -14.3pt">&nbsp;</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/150% Lucida Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">b)</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">As of
June 30, 2025, liabilities accrued in employee and employer contributions to the Integrated Pension Fund System, as recorded in the Bank&#8217;s
accounting books, amounted to ARS&nbsp;7,598,337,214, none of which was due and payable as of that date.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 71.3pt; text-indent: -14.3pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/150% Lucida Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">c)</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The information
included in the &#8220;Consolidated Balance Sheet Structure&#8221;, the &#8220;Consolidated Statement of Income Structure&#8221; and the
&#8220;Consolidated Cash Flows Structure&#8221; of the Reporting Summary for the period ended June 30, 2025, filed by the Bank jointly
with the financial statements to comply with CNV (Argentine Securities Commission) regulations, arises from the Bank&#8217;s accompanying
interim condensed consolidated financial statements as of June 30, 2025 and as of June 30, 2024, 2023, 2022 and 2021, which are not included
as exhibits. In addition, we report that the interim condensed consolidated financial statements as of June 30, 2021, to which we refer,
which should be read jointly with this report, were reviewed by other auditors who issued their review reports on August 24, 2021.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 71.3pt; text-indent: -14.3pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/150% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">d)</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">As stated
in note 48 to the accompanying condensed consolidated financial statements, the Bank carries shareholders&#8217; equity and a contra account
to eligible assets that exceed the minimum amounts required by relevant CNV regulations for these items as of June 30, 2025.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 30.35pt">&nbsp;</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 30.35pt">City of Buenos Aires</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">August 20, 2025</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt; font: 9.5pt Arial, Helvetica, Sans-Serif; text-align: center">PISTRELLI, HENRY MARTIN Y ASOCIADOS S.A.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; layout-grid-mode: line">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 9.5pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 9.5pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 9.5pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">JAVIER J. HUICI</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 9.5pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Partner</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 9.5pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Certified Public Accountant (U.B.A.)</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>REPORT ON THE REVIEW OF INTERIM CONDENSED</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>SEPARATE FINANCIAL STATEMENTS </B></P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">To the Directors of</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>BANCO BBVA ARGENTINA S.A.</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">CUIT (Argentine taxpayer identification number): 30-50000319-3</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Registered office: Av. C&oacute;rdoba 111</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><U>City of Buenos Aires, Argentina</U></P>

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

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

<P STYLE="font: 5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Lucida Sans; 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, Helvetica, Sans-Serif; font-size: 10pt">I.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Report on the financial statements
</B></FONT></TD></TR></TABLE>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/150% Lucida Sans; 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, Helvetica, Sans-Serif; font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">We have reviewed the accompanying
interim condensed separate financial statements of BANCO BBVA ARGENTINA S.A. (the &#8220;Bank&#8221;), which comprise: (a) the condensed
separate statement of financial position as of June 30, 2025; (b) the condensed separate statements of income and other comprehensive
income for the three and six months periods ended June 30, 2025, the changes in shareholders&#8217; equity, and cash flows for the six-month
period 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/150% Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.3pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: -7.1pt"><B>Responsibility of the Bank&#8217;s
Management and Board of Directors in connection with the financial statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: -7.1pt; color: #1F497D"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/150% Lucida Sans; 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, Helvetica, Sans-Serif; font-size: 10pt">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The Bank&#8217;s Board of Directors
and Management are responsible for the 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), and in particular for the condensed
interim financial statements on the International Accounting Standard (&#8220;IAS&#8221;) 34 &quot;Interim Financial Reporting&quot;,
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&#8217;s Board of Directors and
Management are also responsible for the internal control they may deem necessary for the interim financial statements to be prepared free
of material misstatements, whether due to errors or irregularities.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Auditors&#8217; responsibility</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/150% Lucida Sans; 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, Helvetica, Sans-Serif; font-size: 10pt">3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Our responsibility is to conclude
on the financial statements mentioned in paragraph 1 based on our review, which was performed in accordance with the provisions of FACPCE
Technical Resolution No. 37 and with B.C.R.A. minimum external auditing standards applicable to the review of interim financial statements,
and in compliance with the ethical requirements relevant to the audit of the Bank&#8217;s annual financial statements. A review of interim
financial statements consists of making inquiries, mainly from the persons in charge of accounting and financial issues, as well as applying analytical procedures and other review procedures. The scope of a review is considerably
narrower than that of a financial statements audit; therefore, we cannot obtain reasonable assurance that we will become aware of all
the material issues that may arise in an audit. Therefore, we do not express an audit opinion.</FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0 0 0 13.3pt; text-align: justify; text-indent: -14.3pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 13.5pt"><B>Conclusion</B></TD><TD STYLE="text-align: justify"></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/150% Lucida Sans; 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, Helvetica, Sans-Serif; font-size: 10pt">4.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Based on our review, nothing
came to our attention making us believe that the financial statements mentioned in paragraph 1 are not prepared, in all material respects,
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/150% Arial, Helvetica, Sans-Serif; margin: 0 0 0 13.3pt; text-align: justify; text-indent: -14.3pt">&nbsp;</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>Emphasis on certain aspects disclosed in the
financial statements</B>&#9;</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/150% Lucida Sans; 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, Helvetica, Sans-Serif; font-size: 10pt">5.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">We would like to draw attention
to the information contained in Note 2. &#8220;Basis for the preparation of these financial statements and applicable accounting standards&#8221;
where the Bank quantifies the effects of the application of section 5.5 &#8220;Impairment in value&#8221; of IFRS 9 &#8220;Financial instruments&#8221;
to financial assets that comprise exposures to the public sector, which were temporarily excluded from such application through BCRA Communiqu&eacute;
&#8220;A&#8221; 6847, which is explained in the note.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0 0 0 13.3pt; text-align: justify">This issue does not change the conclusion
stated in paragraph 4, but it should be considered by the users of IFRS for interpreting the accompanying financial statements mentioned
in paragraph 1.</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0 0 0 13.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/150% Lucida Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">6.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">As further explained in Note
41. to the interim condensed separate interim 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/150% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: -7.1pt"><B>Other matters</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: -7.1pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/150% Lucida Sans; 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, Helvetica, Sans-Serif; font-size: 10pt">7.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">We also issued a separate report
on the interim condensed consolidated financial statements of BANCO BBVA ARGENTINA S.A. and its subsidiaries as of the same date and for
the same periods indicated in paragraph 1. </FONT></TD></TR></TABLE>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Lucida Sans; 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, Helvetica, Sans-Serif; font-size: 10pt"><B>II.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Report on other legal and
regulatory requirements</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.3pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0 0 0 13.3pt; text-align: justify; text-indent: -14.3pt">In compliance
with current regulations, we further report that:</P>

<P STYLE="font: 5pt/150% Arial, Helvetica, Sans-Serif; margin: 0 3.95pt 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/150% Lucida Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">a)</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The condensed
separate financial statements mentioned in paragraph 1 are being transcribed to the Bank&acute;s Book of Balance Sheets for Publication
and result from books kept, in their formal aspects, in conformity with the current regulations considering what was mentioned in note 2.7. to the condensed consolidated financial statements.</FONT></TD></TR></TABLE>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%"><IMG SRC="image_002.jpg" ALT=""></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0 3.95pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/150% Lucida Sans; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">b)</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">As of
June 30, 2025, liabilities accrued in contributions to the Integrated Pension Fund System resulting from the Bank&#8217;s accounting books
amounted to ARS 7,598,337,214, none of which was due and payable as of that date.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0 3.95pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/150% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">c)</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">As stated
in note 48 to the condensed consolidated financial statements as of such date, the Bank carries shareholders&#8217; equity and a contra
account to eligible assets that exceed the minimum amounts required by relevant CNV (Argentine Securities Commission) regulations for
these items as of June 30, 2025.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 71.3pt; text-indent: -14.3pt">&nbsp;</P>

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

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 30.35pt">City of Buenos Aires</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">August 20, 2025</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt; font: 9.5pt Arial, Helvetica, Sans-Serif; text-align: center">PISTRELLI, HENRY MARTIN Y ASOCIADOS S.A.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; layout-grid-mode: line">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 9.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 9.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 9.5pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 9.5pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">JAVIER J. HUICI</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 9.5pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Partner</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 9.5pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Certified Public Accountant (U.B.A.)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 9.5pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10.5pt/150% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 156; Options: NewSection -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%"></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>SUPERVISORY COMMITTEE&#8217;S REPORT</U></B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">To the Shareholders of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Banco BBVA Argentina S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Registered office: Av. C&oacute;rdoba 111</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>City of Buenos Aires, Argentina</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>1. <U>Identification of the interim financial statements
subject to review </U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In our capacity as members of the Supervisory Committee
of Banco BBVA Argentina S.A. (hereinafter, either &#8220;BBVA Argentina&#8221; or the &#8220;Entity&#8221;) designated at the Ordinary
and Extraordinary General Shareholders&#8217; Meeting held on April 23, 2025, and in compliance with the terms of Section 294 of Argentine
Companies Law No. 19,550, we have reviewed the condensed interim financial statements and its subsidiaries presented as of June 30, 2025,
which include the consolidated condensed statement of financial position, the consolidated condensed statements of income and other comprehensive
income for the three and six-months periods ended June 30, 2025, the consolidated condensed statements of changes in shareholders&#8217;
equity, and cash flows for the six-month period then ended, a summary of the significant accounting policies and other explanatory information
included in their respective supplementary notes and exhibits.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We have also analyzed the separate condensed financial
statements of BBVA Argentina as of June 30, 2025, and the separate condensed statement of financial position, the separate condensed statements
of income, other comprehensive income for the three and six-month periods ended June 30, 2025, the separate condensed statements of changes
in shareholders&#8217; equity and cash flows for the six-month period then ended, a summary of the significant accounting policies and
other explanatory information included in their supplementary notes and exhibits.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Entity is responsible for the preparation and
presentation of the above-mentioned financial statements in accordance with the financial reporting framework applicable to Financial
Institutions established by the Central Bank of Argentina (BCRA), as well as for the design, implementation and maintenance of such internal
control as the Entity might deem necessary to allow for the preparation of financial statements free from material misstatements.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt"><B>2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Scope of our Review</U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Lucida Sans; margin: 0 0 0 0.25in; text-align: justify; text-indent: -14.3pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In discharging our duties, we have observed the applicable
auditing standards and taken into consideration the work performed by the Entity&#8217;s external auditors PISTRELLI, HENRY MARTIN Y ASOCIADOS
S.A., who, on August 20, 2025, issued their limited review report on the consolidated and separate condensed interim financial statements
as of June 30, 2025, including an unqualified conclusion.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The review of interim financial statements conducted
by such auditors is substantially lesser in scope than an audit and, therefore, is not sufficient to become aware of all substantial issues
that might arise during an audit. Therefore, the auditors do not render such an opinion on the financial statements referred to in section
I.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Since the Supervisory Committee is not responsible
for management control, the review did not encompass the corporate criteria and decisions of the Entity&#8217;s several areas, for such
issues are the exclusive responsibility of the Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>3. <U>Supervisory Committee&#8217;s Opinion</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Based on our review, we have no observations to raise
on the accompanying interim financial statements of BBVA Argentina for the six-month period ended June 30, 2025 referred to in the first
paragraph of Section 1 of this report, except as set forth in section 4 below.</P>

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


<!-- Field: Page; Sequence: 157 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 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="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%"></TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Furthermore, the financial statements referred to
in section 1 of this report reflect all substantial facts and circumstances that are known to us.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>4. <U>Emphasis Matter</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As explained in Note 2 to the accompanying consolidated
and separate financial statements, such financial statements were prepared by the Entity&#8217;s Board of Directors and Management in
accordance with the financial reporting framework set forth by the BCRA.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In said Note 2. &#8220;Basis for the presentation
of these financial statements and applicable accounting standards &#8211; Applicable Accounting Standards&#8221;, the Bank quantifies
the effects of the application of section 5.5 &#8220;Impairment in value&#8221; of IFRS 9 &#8220;Financial instruments&#8221; to financial
assets that comprise exposures to the public sector, which were temporarily excluded from such application through BCRA Communication
&#8220;A&#8221; 6847, which are explained in the note.</P>

<P STYLE="font: 10pt Lucida Sans; margin: 0 0 0 5.2pt; text-align: justify; text-indent: -14.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">This issue does not change the conclusion
stated in paragraph 3, but it should be taken into account by the users of IFRS issued by the IASB for interpreting the accompanying financial
statements mentioned in paragraph 1.</P>

<P STYLE="font: 10pt Lucida Sans; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.3pt">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>5. <U>Information Required by Applicable Provisions</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with applicable legal and regulatory
standards, we hereby report that the accompanying consolidated and separate condensed interim 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 condensed
financial statements, they arise from accounting records kept, in all formal aspects, in accordance with the laws in force;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Likely, we have reviewed the reporting summary required
by the CNV and we have no observations to make in that regard, as concerns our field of competence.</P>

<P STYLE="font: 10pt Lucida Sans; margin: 0 0 0 71.3pt; text-indent: -14.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We further represent that, during the reporting period,
we have carried out all duties, to the extent applicable, set forth in Section 294 of Argentine Companies Law No. 19,550.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We further represent that any member of this Supervisory
Committee is authorized to individually sign, on behalf of the Supervisory Committee, all documents referred to in the first paragraph
herein and all copies of this report.</P>

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

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 1pt 0 11pt; text-align: justify">City of Buenos Aires, August 20, 2025.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 40%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">GONZALO J. VIDAL DEVOTO</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">ATTORNEY</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-variant: small-caps">C.P.A.C.F. Volume&deg;97-
    Page&deg; 910</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-variant: small-caps">For the Supervisory
    Committee</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Palatino Linotype, Palatino, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt BBVA Benton Sans Book,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/8pt BBVA Benton Sans Book,serif; margin: 0; text-align: center; color: #072146"><B>&nbsp;</B></P>


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
