1

2

3

1

2

3

Spain

Mexico

USA

South America

Eurasia

1

2

3

7.7

9.510.9

2009 2010 2011 2012 2013

CPI Monthly CPI.Nu

3.7

1.8 1.4 1

Jan-14 Apr-14 Jul-14 Dic-14

0,05%

9,45%8,39%

0,80%

2,89%

0,10%1,00%

2009 2010 2011 2012 2013 2014 2015e

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

23.02014

23.9

Source: BCRA, INDEC and own estimations.

2003 2005 2007 2009 2011 2013 2015e

Export prices maintain the surplus in the trade balance,

even though the deficit in the energy sector and tourism.

2003 2005 2007 2009 2011 2013 2015e 2003 2005 2007 2009 2011 2013 2015e

2003 2005 2007 2009 2011 2013 2015e

2004 2005 2006 2007 2008 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 Million 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.

3

101

1 2

5

16

2

7

96

1

2

1

12

54

3

2

2

4

16

2

2

4

1

Tierra del Fuego

Capital Federal

Retail 251 1,849,111 clients

Middle Market 31 19,258 companies

Corporate 7 business units 820 large corporations

VIP Segment 19 VIP spaces

Financial system as of October 2014Private MS as of December 2014

27,36

9,32

7,04

6,54

5,70

5,30

4,05

3,99

3,65

2,93

Nación

Provincia

Santander

Galicia

BBVA Francés

Macro

HSBC

Credicoop

Ciudad

Patagonia

6.5%7.0% Market sharePrivate Deposits Private Loans

19,47

8,58

8,19

7,59

6,27

6,19

4,46

4,00

3,42

3,18

Nación

Provincia

Santander

Galicia

BBVA Francés

Macro

Ciudad

HSBC

Patagonia

ICBC

75,93

24,07

000

9,84

14,23ADRs

(NYSE)

Domestic Stocks(BCBA)

Mkt Cap $ 28,562 MMUS$ 7,404 MM

P/E $ 35.1

BV/ Share $ 19.24

Mkt Data as of December 31, 2014

Floating

Av. Volume (3 mths) NYSE US$ 3.3 MMBCBA $ 3.5 MM

Fix SCR* Shares 1Negative

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.

Risks

Solvency

Digital transformation

Key long term strategic lever

P&L

Liquidity

P&L Risks

Liquidity Solvency

Digital transformation

2014

Key long term strategic lever

Organizational & Culture change 1

2

34

5

Products &

processes

Development of

infrastructure

Distribution model

New digital businesses

• Customer experience

• Optimizing servicing

• Digital channels

• Lean structure

• Cost control

AssetsLiabilities + Equity

8.802

41.388

8.630

12.560

10.331

12.469

51.443

Figures in million of pesos

Leverage 6.19xLoans/

Deposits 80.5%LiquidAssets/

Deposits41.2%

55%

28%

17%

28.432

36.42741.388

Dec.12 Dec.13 Dec.14

Figures in million of pesos

+14%

+31%

AverageLending Rate ($) 26.5%

4.537

6.305 5.811

Dec.12 Dec. 13 Dec.14

4.773

5.999 6.092

Dec.12 Dec.13 Dec.14

Market Share (%) 20.07 19.82 17.73

Market Share (%) 6.35 6.05 5.17

Figures in million of pesos

+ 26 % + 2 %

4Q13 vs 4Q12 4Q14 vs 4Q13

y/y

+ 39 % - 8 %

4Q13 vs 4Q12 4Q14 vs 4Q13

y/y

11,10%

11,36%

11,89%

Dec.12 Dec.13 Dec.14

72,9%

49,4%57,4%

Dec.12 Dec.13 Dec.14

9.78 9.51 10.07

Figures in million of pesos

18.48 17.37 15.84

8.2599.827

11.312

Dic. 12 Dic. 13 Dic.14

6.854

7.350 7.073

Dic. 12 Dic. 13 Dic.14

+19 +15%

4Q13 vs 4Q12 4Q14 vs 4Q13

y/y

+7% -4%

3Q13 vs 3Q12 3Q14 vs 3Q13

y/y

1.871 2.0232.810

2.2021.233

7.953 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 million of pesos

(Oct-2014)

278,79% 254,16% 224,20%

0,65%

0,77%

0,99%

0%

0%

0%

1%

1%

1%

1%

Coverage NPL

2,24%

2,02%

1,71%

1,42%

0,81%

1,86%

Peer 4

Peer 3

Peer 2

Peer 1

BBVA (*)

Financial System

Figures in million of pesos

34.165

43.78451.443

Dec.12 Dec.13 Dec.14

68%

32%

Averagecost of funds ($) 8.8%

+17%+28%

6 08-11-13 18 months (2015) BADLAR + 3.25% $ 121.4 MM

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% $ 138.3 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)

Figures in million of pesos

FY-14 FY-13 ∆ y/y

Net Financial Income 7.608.730 4.978.427 52,8%

Provision for Loan Losses (574.663) (453.264) 26,8%

Net Income from Services 3.349.448 2.498.521 34,1%

Administrative Expenses (5.594.157) (3.881.972) 44,1%

Operating Income 4.789.358 3.141.712 52,4%

Income tax (1.669.978) (1.120.418) 49,0%

Net Income 3.204.496 2.024.244 58,3%

968

1.662

1.976

Dec.12 Dec. 13 Dec.14

Figures in million of pesos

14,05% 13,65%

17,75%

Dec. 12 Dec. 13 Dec.14

+19%

+72%

- 40 pb +410 pb

4Q13 vs 4Q12 4Q14 vs 4Q13

y/y

517668

919

Dec. 12 Dec. 13 Dec.14

Figures in million of pesos

492565

813

Dec. 12 Dec. 13 Dec.14

370

428

666

Dec. 12 Dec. 13 Dec.14

grew 44%compared to 4Q-13, reflectingmainly the salary increase, thepayment of a fixed sum toemployees agreed with the unionand a higher number of employees.

grew due tohigher prices, devaluation andperimeter changes.

+ 29% + 38%

4Q13 vs 4Q12 4Q14 vs 4Q13

y/y

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

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

58,0%

42,6%

51,1%

Dec.12 Dec. 13 Dec.14

60,0%

67,20%

62,10%

Dec.12 Dec. 13 Dec.14

- 1,540 pb + 850 pb

4Q13 vs 4Q12 4Q14 vs 4Q13

y/y

+ 720 pb - 510 pb

4Q13 vs 4Q12 4Q14 vs 4Q13

y/y

28,0%

32,9%

36,6%

3,12%

4,00%

4,90%

* Accumulated ratios