BBVA FrancésCorporate Presentation

1°Quarter 2015

1

2

3

1

2

3

Spain

Mexico

USA

South America

Turkey

1

2

3

7.7

9.510.9

2009 2010 2011 2012 2013

CPI Monthly CPI.Nu

3.7

1.8 1.4 1 2.6

jan-14 apr-14 jul-14 dic-14 mar-15

0,05%

9,45%8,39%

0,80%

2,89%

0,10%1,00%

2,00%

2009 2010 2011 2012 2013 2014 2015e 2016e

CPI-Nu: the new index launched in January 14’, with

national coverage (87% of the country, 13.000 sales

outlets), reflects a higher level of inflation.

2015e

23.0

2014

23.9

Source: BCRA, INDEC and own estimations.

2009 2011 2013 2015e

2009 2011 2013 2015e 2009 2011 2013 2015e

2009 2011 2013 2015e2016e 2016e

2016e2016e

2009 2010 2011 2012 2013 2014

Private Sector Deposits/GDP Private Sector Loans/GDP

Source: BCRA

.

Source: BCRA.

-10.000

30.000

70.000

110.000

150.000

190.000

230.000

270.000

310.000

Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14

Car loans Personal Credit Cards Mortgages

Figures in millions of Pesos

1

2

3

Customer base expansion (adding S&Ms companies and individuals)

Banco Francés del Río de la Plata

Incorporationof investment banking, capital markets and international banking, while expanding its branch network throughout the country

becomes thecontrollingshareholder

Merger withBanco deCréditoArgentino

BBVA Francésacquired 23 floors of the building to be constructed by Consultatio, where the “Torre BBVA” will be established.

2

Capital Federal

86

1 2

5

15

2

6

82

1

2

1

11

43

2

2

2

3

11

2

2

3

1

Tierra del Fuego

Retail 251 1,875,003 clients

Middle Market 31 22,664 companies

CorporateConsume - Heavy industries - Energy 810 large corporations

VIP Segment 19 VIP spaces

Financial system as of January 2015Private MS as of March 2015

29,35

9,61

7,08

6,59

5,17

4,86

3,90

3,73

3,65

2,84

NACION

PROVINCIA

SANTANDER

GALICIA

BBVA FRANCÉS

MACRO

CREDICOOP

HSBC

CIUDAD

PATAGONIA

6.44%6.88% Market sharePrivate Deposits Private Loans

18,46

9,19

8,38

7,57

6,39

6,15

4,37

4,13

3,46

3,23

NACION

PROVINVIA

SANTANDER

GALICIA

MACRO

BBVA FRANCES

CIUDAD

HSBC

PATAGONIA

CREDICOOP

75,93

24,07

0

10,05

14,02ADRs

(NYSE)

Domestic Stocks(BCBA)

Mkt Cap $ 43,756 MMUS$ 4,961 MM

P/E $ 6,9

BV/ Share $ 20.98

Mkt data as of March 31, 2015

Floating

Av. Volume (3 mths) NYSE US$ 4.0 MMBCBA $ 5.3 MM

Fix SCR* Shares 1 Negative

Negotiable Obligations Global Program (U$S 750 million) AA(arg)

Subordinated Senior Debt AA- (arg)Senior Debt Short Term A1+ (arg)Senior Debt Long Term AA (arg)

S&P Institutional Rating Long Term raB+ Negative

Institutional Rating ShortTerm raB

Negotiable Obligations Global Program (U$S 750 million) raB+ Negative

*In November 2013, Fitch Argentina sold 70% of its capital stock to a local investor group and changed its name to Fix Scr. This new group will be responsible for the local credit rating.

Income growth Risks

Liquidity Profitability

1Q-15Remarks

Key lever

Digital transformation

Net IncomeNPL

Liquid Assets/Deposits

$ 930.9

+14.3% 1Q15 vs. 4Q14

0.92%

44.9%

1Q-15Remarks

Key lever

Digital transformationCoverage

234.0%

ROE

34.5%

ROA

4.9%

Liquidity Profitability

Income growth Risks

Digital Sales

Distribution Model

DigitalCapabilities

InfraestructureDevelopment

Organization & Culture

Customer Experience

Figures in thousands of pesos

1°Q-15 4°Q-14 1°Q-14 ∆ Q/Q

Net Financial Income 2,285,033 1,977,228 2,445,942 15.6%

Provision for Loan Losses (143,097) (152,323) (118,744) -6,1%

Net Income from Services 960,451 918,875 728,761 4,5%

Administrative Expenses (1,581,333) (1,478,751) (1,212,897) 6,9%

Operating Income 1,521,054 1,265,029 1,843,062 20.2%

Income tax (492,468) (420,979) (530,452) 17.0%

Net Income 930,946 814,357 1,362,118 14.3%

2.446

1.977

2.285

Mar.14 Dic.14 Mar.15

Figures in millions of pesos

14,50%

17,76%

16,60%

Mar.14 Dic.14 Mar.15

+16%q/q

- 116 pb + 220 pb

1Q15 vs 4Q14 1Q15 vs 1Q14

729

919960

Mar.14 Dec.14 Mar.15

Figures in millions of pesos

680813

905

Mar.14 Dec.14 Mar.15

533

666676

Mar.14 Dec.14 Mar.15

grew 33%compared to 1Q-14, reflectingmainly the salary increase, thepayment of a fixed sum toemployees agreed with the unionand a higher number of employees.

grew due tohigher prices and our ATMrenovation program.

+ 5% + 32%

1Q15 vs 4Q14 1Q15 vs 1Q14

AssetsLiabilities + Equity

10.310

43.084

11.985

12.897

11.262

14.511

55.357

Figures in millions of pesos

Leverage 6.2xLoans/

Deposits 77.8%LiquidAssets/

Deposits44.9%

56%

26%

18%

36.658

41.38843.084

Mar.14 Dec.14 Mar.15

Figures in millions of pesos

+18%y/y

AverageLending Rate ($) 25.8%

6.320

5.811 5.764

Mar.14 Dec.14 Mar.15

6.047

6.092

6.182

Mar.14 Dec.14 Mar.15

Market Share (%) 19.42 17.68 17.38

Market Share (%) 5.95 5.17 4.91

Figures in millions of pesos

+ 1 % + 2 %

1Q15 vs 4Q14 1Q15 vs 1Q14

- 1 % - 9 %

1Q15 vs 4Q14 1Q15 vs 1Q14

11,70%

11,89%

12,07%

Mar.14 Dec.14 Mar.15

53,4%

57,4%

51,3%

Mar.14 Dic.14 Mar.15

9.59 9.58 9.79

16.03 14.64 14.30

9.367

10.868 11.088

Mar.14 Dic.14 Mar.15

7.3727.079

7.546

Mar.14 Dic.14 Mar.15

+2 % +18%

1Q15 vs 4Q14 1Q15 vs 1Q14

+7% + 2%

1Q15 vs 4Q14 1Q15 vs 1Q14

Figures in millions of pesos

1.808 2.810 2.797

4.896

7.953

10.014 Others

BCRA Bills & Notes(own portfolio)

Public bonds

The bank complies with Rule 3991 from the Central Bank, which restricts public sector exposure to 35% of total assets as of July ‘07

Figures in millions of pesos

(Jan-2015)

235,82% 224,20% 234,00%

0,86%

0,99%0,92%

1%

1%

1%

1%

1%

1%

Coverage NPL

1,94%

1,91%

1,70%

1,32%

0,86%

1,85%

BMA

HSBC

GAL

SAN

BBVA (*)

Sist. Financiero

ene-15

Figures in millions of pesos

44.903

51.44355.358

Mar.14 Dec.14 Mar.15

61%

39%

Averagecost of funds ($) 9.1%

+23%y/y

+28%

7 08-11-13 36 months (2016) BADLAR + 4.24% $ 250.0 MM

8 02-11-14 18 months (2015) BADLAR + 3.80% $ 258.8 MM

9 02-11-14 36 months (2017) BADLAR + 4.70% $ 145.1 MM

10 07-18-14 18 months (2016) BADLAR + 2.50% $ 233.8 MM

11 07-18-14 36 months (2017) BADLAR + 3.75% $ 165.9 MM

12 11-13-14 18 months (2016) BADLAR +2.53% $ 130.3 MM

13 11-13-14 36 months (2017) BADLAR +3.75% $ 107.5 MM

14 02-13-15 9 months (2015) 25,75% $ 134.3 MM

15 02-13-15 21 months (2016) BADLAR + 4.00% $ 144.9 MM

Fix Rating

AA (Arg)

(1) Adm.Expenses / (Net financial income + Net income from services)Removing the non-recurring effects.

(2) Net fee Income as a % of Administrative Expenses

40,70%

51,1%53,10%

Mar.14 Dec.14 Mar.15

60,10%

62,10%

60,70%

Mar.14 Dec.14 Mar.15

+200 pb +1.240 pb

1Q15 vs 4Q14 1Q15 vs 1Q14

- 140 pb + 60 pb

1Q15 vs 4Q14 1Q15 vs 1Q14

69,50

32,80 34,50

8,80

4,404,80

* Accumulated ratios

BBVA FrancésCorporate Presentation

1°Quarter 2015