1
2
3
2
1
2
3
3
4
Representative Offices: Brasil, Russia, Turkey, Shangai, Beijing, Australia, India and United Arab Emirates.
Spain
USA
USA
•Good risk performance
•Cost control
•Transformation of the distribution model
•Strong business activity
•Excellent risk indicators
Mexico
•Buoyant business in a low-growth environment
•Solid recurring income
•Revenues increasing faster than expenses
South America
•Strong business activity leads to higher income
•Growth potential in the Andean region
Eurasia
•Solid contribution to the Group
5
6
7
1
2
3
8
Source: INDEC
CPI
9.14%
2014e
25.0
Monthly CPI.Nu
8.55%
2.95%
10.9
9.8
10.8 10.9
15.0
7.2
6.1
3.7 3.4
2.6 1.8
0.95%
0.05%
2004
2006
2008
2010
2012
Jan-14
Mar-14
1.4 1.3
May-14 Jun-14
-1.00%
2009
2010
2011
2012
2013
2014e
 CPI-Nu: the new index launched in January, with national
coverage (87% of the country, 13.000 sales outlets), reflects a
higher level of inflation.
9
Source: INDEC and own estimations.
2014e
9.8
16.7
17.0
15.7
12.1
11.7
12.3
12.6
11.6
11.1
12.4
10.3
9.0
8.3
6.3
2001
2003
2005
2007
2009
2011
2013
2001
2003
2005
2007
2009
2011
2013
2014e
 Export prices maintain the surplus in the trade balance,
even though the deficit in the energy sector and
tourism.
2014e
25.0
2014e
7.6
2001
2003
2005
Source: INDEC and own estimations.
2007
2009
2011
2013
2014e
2001
2003
2005
2007
2009
2011
2013
2014e
10
.
25.8%
16,0%
20.8%
16.0%
14.4%
14,7%
2001
2002
2003
2004
2005
2006
2007
Private Sector Deposits/GDP
Source: BCRA
2008
2009
2010
2011
2012
2013
2014e
Private Sector Loans/GDP
11
Figures in Million of Pesos
+ 27
% y/y
300,000
280,000
260,000
240,000
220,000
200,000
180,000
160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
0
Mar-03
Feb-04
Jan-05
Dec-05
Mortgages
Source: BCRA.
Nov-06
Oct-07
Car Loans
Sep-08
Aug-09
Jul-10
Personal Loans
Jun-11
May-12
Apr-13
Mar-14
Credit Cards
12
1
2
3
13
Banco
Francés del
Río de la Plata
Customer base
expansion
(adding S&Me
companies and
individuals)
Incorporation of
investment
banking, capital
markets and
international
banking, while
expanding its
branch network
throughout the
country
Merger with
BECOMES THE Banco de
CONTROLLING Crédito
SHAREHOLDER Argentino
BBVA Francés
acquired 23 floors of
the building to be
constructed by
Consultatio, where the
“Torre BBVA” will be
established.
14
1
3
1
4
1
2
2
3
1
2
16
2
16
245
1,852,089 clients
Middle Market
30
19,098 companies
6
2
Corporate
7 business units
851 large corporations
96 Capital
12
Federal
2
5
Retail
104
4
5
Auto Financing
3
Tierra del
2 Fuego
Broker
PSA Finance
Rombo
BBVA Francés Valores S.A
Mutual Funds
Insurance
BBVA Francés Asset
Management S.A.
BBVA Consolidar
Insurance
15
Private Loans
Private Deposits
Market share
6.88%
Nación
27.29
Provincia
9.86
6.50%
Nación
20.54
Santander
8.25
Santander
7.20
Provincia
7.90
Galicia
6.91
Galicia
7.36
BBVA Francés
5.70
Macro
6.44
Macro
5.29
BBVA Francés
6.25
HSBC
3.89
Ciudad
4.49
Credicoop
3.83
HSBC
4.15
Ciudad
3.72
Patagonia
3.54
Credicoop
3.18
Patagonia
3.09
Financial system as of March 2014
Private MS as of June 2014
16
Mkt Cap $ 21,045 MM
P/E
$ 52.7
BV/ Share $ 16.56
Data as of June 30, 2014
17
Mantaining
upward trend in
earnings
Best risk indicators
in the system
Earning
s
Adecuate funding
structure
Expenses
Risks
Solvency
Strong regulatory
ratios
18
NPL
0.97%
Recurring net income
+17.6%
Earnings
Risk
Coverage
218.19%
Capital Ratio: 15.8%
Liquid assets/Deposits
40%
Liquidity
Solvenc
y
2.4%
ROE: 18.3%
ROA:
19
Figures in million of pesos
11,488
7,732
48,050
37,910
8,608
11,349
8,889
Assets
Liabilities + Equity
Leverage
6.7 x
Private Loans to Total Deposits
78.9%
Liquid Assets to Total Deposits
40.0%
20
Figures in million of pesos
+20%
+33%
37,910
21%
31,508
23,739
51%
Jun.12
Jun.13
Jun.14
28%
Average
Lending Rate ($)
26.43%
21
Figures in million of pesos
5,975
5,381
4,178
2Q13 vs 2Q12
+ 29 %
Market Share (%)
Jun.12
Jun.13
Jun.14
6.35
6.24
5.74
y/y
2Q14 vs 2Q13
+ 11 %
6,060
5,473
2Q13 vs 2Q12
3,740
+ 46 %
Jun.12
Market Share (%)
20.11
Jun.13
20.17
Jun.14
18.90
y/y
2Q14 vs 2Q13
+ 11 %
103.4%
Jun.12
11.83%
51.4%
50.5%
Jun.13
Jun.14
11.03%
Jun.12
11.31%
Jun.13
Jun.14
21
Figures in million of pesos
10,775
8,649
6,349
Jun. 12
Jun. 13
Jun.14
9.29
9.73
9.57
7,525
7,870
Jun. 13
Jun.14
17.65
16.13
6,087
Jun. 12
17.98
22
Figures in million of pesos
Others
5,779
Bills and Notes
from Central Bank
Public bonds
3,595
2,242
2,407
1,769
1,270
Jun.12
Jun.13
Jun.14
The bank complies with Rule 3991 from the Central Bank, which restricts public sector exposure to 35% of total assets as of July ‘07
25
1%
500%
0.97%
400%
1%
0.80%
0.71%
1%
300%
200%
100%
268.60%
240.16%
218.19%
0%
1%
Financial System
0%
BBVA (*)
0%
Peer 1
0%
Jun.12
Coverage Ratio
(March-2014)
Jun.13
Jun.14
Non-Performing Ratio
Peer 4
Peer 2
Peer 3
1.52%
0.75%
1.10%
1.73%
1.70%
2.02%
26
Figures in million of pesos
+30%
+23%
48,050
Saving
accounts
26%
36,921
30,050
38%
Time deposits
42%
62%
Current
accounts
30%
Jun.12
Jun.13
Average
cost of funds ($)
Jun.14
Others
2%
11.28%
27
IV
07-31-13
18 months
(2015)
BADLAR + 3.69%
$ 250
VI
08-11-13
18 months
(2015)
BADLAR + 3.25%
$ 121.4 MM
VII
08-11-13
36 months
(2016)
BADLAR + 4.24%
$ 250
VIII
02-11-14
18 months
(2015)
BADLAR + 3.80%
$ 258.8 MM
IX
02-11-14
36 months
(2017)
BADLAR + 4.70%
$ 145.1 MM
X
18-07-14
18 months
(2016)
BADLAR + 2.50%
$ 233.8 MM
XI
18-07-14
36 months
(2017)
BADLAR + 3.75%
$ 165.9 MM
MM
MM
28
2Q-2014
Figures in million of pesos
Recurring
Non
Recurring
Total
Recurring
1,436.0
1,100.2
Net Financial Income
1,531.4
Provision for Loan Losses
(151.7)
(151.7)
(114.5)
Net Income from Services
813.9
813.9
607.8
(1,319.9)
(1,319.9)
(938.5)
Administrative Expenses
(95.4)
2Q-2013
Operating Income
873.7
(95.4)
778.3
655.0
Income before tax
867.9
(95.4)
772.5
662.6
(378.9)
(5.5)
(373.5)
(246.7)
489.0
(100.9)
399.0
415.9
Income tax
+17.6% y/y
Net Income
29
Figures in million of pesos
+39%
+21%
1,531
1,100
909
Jun.12
Jun.13
Jun.14
15.40%
15.20%
15.00%
14.80%
14.60%
14.40%
14.20%
14.00%
13.80%
13.60%
13.40%
15.2%
14.7%
14.0%
Jun.12
2Q13 vs 2Q12
-54 pb
Jun.13
y/y
Jun.14
2Q14 vs 2Q13
+102 pb
30
814
608
2Q13 vs 2Q12
438
Jun.12
+ 39%
Jun.13
547
423
Jun.13
+ 34%
Jun.14
748
Jun.12
y/y
2Q14 vs 2Q13
grew
37% compared to 2Q-13,
reflecting mainly the salary
increase and a higher number
of employees.
Jun.14
572
391
297
Jun.12
Figures in million of pesos
Jun.13
Jun.14
grew due
to an increase in the activity
volume, higher prices and the
impact of the 1Q devaluation
on FX contracts.
56.3%
54.9%
2Q13 vs 2Q12
+ 148 pb
y/y
2Q14 vs 2Q13
+ 135 pb
53.5%
Jun.12
Jun.13
Jun.14
64.8%
2Q13 vs 2Q12
+ 396 pb
y/y
2Q14 vs 2Q13
- 306 pb
Jun.12
(1) Adm.Expenses / (Net financial income + Net income from services)
Removing the non-recurring effects.
61.7%
60.8%
Jun.13
Jun.14
(2) Net fee Income as a % of Administrative Expenses
32
32.9%
4.0%
18.3%
18.2%
2.4%
2.1%
2Q13*
FY 2013
2Q14*
2Q13*
FY 2013
2Q14*
33