BFR Bbva Banco Frances S.A.

Economic Environment

The Monthly Estimator of Economic Activity (known by its acronym in Spanish as EMAE) decreased by 0.9% (seasonally adjusted) in August 2014 compared to July 2014 and fell by 1.2% compared to August 2013. However, it increased by 0.2% during the July-August 2014 period compared to the second quarter of 2014.

In contrast, the Monthly Industrial Estimator increased by 0.3% in July-August 2014 compared to the second quarter of 2014, while it decreased 1.8% compared to the same two-month period of 2013.

Finally, the Synthetic Index of Construction Activity remained stable in July-August 2014 compared to the second quarter of the year, but fell 2.1% with respect to the same two-month period in 2013.

Inflation, measured since January by the new official National and Urban Consumer Price Index (which is used to calculate the CER adjustment for some sovereign bonds) increased by 4.2% in the third quarter of 2014. The new index is national in scope (compared to the previously used indicator which covered the Greater Buenos Aires area) and uses the year 2013 as a base year (2013=100). Given this change, no historical data exists and it is not possible to make a comparative analysis with the previous rates.

The national public sector fiscal balance showed a primary surplus of AR$ 1.6 billion during July-August 2014 compared to a surplus of AR$ 1.7 billion in the same period of 2013, a decrease of 4.6%. Primary public sector spending increased 44.8% and public sector revenues had a smaller increase, of 44.1% during the same period.

Tax revenues increased by 34% annually due to a significant increase in income tax (46.7%), as well, it was reinforced by the increase in results from the BCRA and transfers from the National Social Security Administration (ANSES) to the National Treasury.

Increased capital expenditures and public companies’ deficit were principally responsible for the increase in primary spending during the period. Interest payments decreased by 9.6% during July and August 2014 and

the total deficit reached AR$ 3.1 billion, a decrease of 12.1% compared to the same period in 2013.

In the external sector, the accumulated trade surplus reached USD 2.1 billion during the third quarter of 2014, 44.5% higher than that recorded in the same period of 2013. The performance of the trade balance is the result of total exports of USD 19.3 billion (-10.9%) and total imports of USD 17.2 billion (-14.9%) in the third quarter of 2014.

In the FX market, the exchange rate (BCRA reference rate) closed at AR$ 8.46 per U.S. dollar on September 30, 2014, increasing 4.1% compared to the AR$ 8.13 rate registered on June 30, 2014 and 46.2% from the same period of the previous year.

During the third quarter of 2014, the stock of international reserves of the BCRA decreased by USD 1.4 billion to USD 27.9 billion as of September 30, 2014. During the quarter, the Central Bank purchased USD 0.5 billion in the FX market, USD 3.6 billion less than the USD 4.1 billion purchased during the previous quarter.

The Badlar interest rate for private banks decreased 351 basis points in the third quarter of 2014, averaging 21.1% compared to a 24.7% average in the second quarter of 2014.

During the third quarter, private sector loans in pesos increased 5.3% compared to the previous quarter, while private sector loans in dollars decreased by 3.5%.

Total deposits in pesos in the financial system increased by 4.6% during the same period, private sector deposits in pesos increased by 14.6%, and those denominated in dollars decrease by 1.8%.

The Bank

BBVA Francés is currently undergoing a transformation process in order to embrace a more digital model, essential to face the challenges that the industry presents: more regulations, greater transparency and accountability and increased competition due to changes in the customer’s preferences as a result

of the technological revolution. In the past year, the number of digital customers as well as those who operate trough mobile devices has increased significantly.

As previously mentioned, the Bank created a Digital Banking Division in order to develop more convenient and relevant products for its customers and to pursue more dynamic business, employing increasingly innovative communication channels.

In line with this course of action, BBVA Seguros has completely redesigned its website making it compatible for navigation not only from PCs but also from a wide variety of mobile devices. It has included new functionalities that allow the user to search for products and services on-line.

The Bank, has also been recognized by the Corporate Reputation Annual Ranking MERCO (in Spanish “Monitor Empresarial de Reputación Corporativa”), reaching number 35 among the first 100 companies with the best reputation in Argentina in 2014. In particular, BBVA Francés has climbed 34 positions when compared to the previous year, and became the company that improved the most in this year’s ranking.

In terms of advertisement campaigns, the new TV commercials that promote Francés GO, a service that informs customers about exclusive discounts through mobile phones, has had great impact and excellent reviews among the public and in social networks. In addition, BBVA Francés was honored with two major awards, winning a golden Effie for its “Estas Dulce” campaign promoting “Préstamos Simples” (Simple Loans) and a silver Effie for the “Souvenir” campaign promoting BBVA Francés Lanpass credit card.

During the third quarter of 2014, the Bank has continued to develop a wide range of commercial actions on each of its banking divisions.

In the retail segment, and furthering the Bank’s strategy of becoming “the soccer bank”, BBVA Francés re-launched the Visa Xeneixe and River LANPASS credit cards, associating each program’s benefits with the LANPASS frequent traveler program. In addition, after Boca Juniors presented the team’s t-shirts for the season, the Bank offered its clients the opportunity to buy it with up to 25% discount and 3 installments at no interest rate, paying with the Xeneixe credit card.

For the second year in a row, BBVA Francés offered its clients the exclusive benefit of “Campus Xeneixe”. The program has been

designed for children between 14 and 18 years old, and allows them to experience, as real soccer players, daily training sessions with the club’s coaches, and tactic and strategy classes among other activities.

In the commercial segment and understanding the needs of these clients, the Bank attended the most important agro auctions of the country, where it promoted the BBVA Francés Agro credit card and offered its clients the possibility of no-interest rate for 180 for animal purchases using the Bank’s credit card.

Regarding Corporate Responsibility, the Bank continues to implement the Global Plan of Responsible Business 2013-2015. This program is based on the principles of integrity, transparency and prudence and with a holistic vision of the Bank’s role in the society focusing on three strategic lines: transparent, simple and responsible communication; products with significant social impact and education.

Education is one the main pillars of the social programs carried out by BBVA, with the goal of promoting financial literacy for individuals, supporting growth for SMEs and its social impact, and enhancing the social inclusion of children and youth.

The “BBVA Francés Financial Education Scholarships for Inclusion Program” is currently going through its 8° edition, benefits 1,365 students in more than 130 schools from 12 different provinces and the City of Buenos Aires, thanks to a wide range of alliances with 22 NGOs.

The program consists of annual and renewable scholarships aimed at young people between 12 and 19 years old, from low income segment, who are studying in high school. The Program’s main objective is to help these students complete their studies. In this context, BBVA Francés wants to address the problem in education, strengthening integration and retention in the education system of the beneficiaries of the program, allowing them and their families to manage the scholarship through a banking product, therefore encouraging their inclusion in the financial system.

In addition, the “Program for Training and Strengthening of SMEs”, one of the initiatives of the Responsible Business Plan, aims to fulfill the training needs of owners and managers of SMEs, allowing them to obtain the necessary know-how and managing tools which permit the development of skills necessary for business management to adapt to current market conditions.

Presentation of Financial Information

BBVA Francés reached net income of AR$ 629.0 million in the third quarter of 2014, such result includes a loss of AR$ 53.5 million due to variation in public bond portfolio valuations.

In recurring terms, net income for the period was AR$ 680.6 million

The following “pro forma” table presents the non-recurring earnings.

In order to standardize the comparison with previous quarters, the analysis of the variations is made in terms of recurring results.

Net recurring gain of the third quarter of 2014 totaled AR$ 680.6 million, exceeding by 34.0% and 39.2% the net income for the quarters ended on September 30, 2013 and June 30, 2014, respectively.

Net interest margin grew 45.3% and 17.7% compared to the third quarter of 2013 and the previous quarter of 2014, respectively. Both, income resulting from the intermediation with the private sector, as well as, income from the public portfolio, supported that increase.

Provisions for loan losses grew during both periods mainly due to the portfolio’s deterioration.

Net income from services increased 30.8% and 9.1% compared to the quarters ended September 30, 2013 and June 30, 2014, respectively. Administrative expenses grew 52.5% and 19.9% during the same periods, reflecting the impact of the organizational changes.

Furthermore, it is important to mention that the previous quarter reflected a higher income tax rate as a consequence of the tax re-valuation of the Bogar 2020 portfolio.

Net income from financial intermediation increased 32.5% compared to the same period of 2013 and 21.8% compared to the previous quarter of 2014, mainly due to the intermediation with the private sector, as a result of an improvement in the mix of funding.

Income from securities and short term investments registered higher income in the third quarter of 2014 compared to the previous quarter and to the same quarter of 2013.

It is important noteworthy that these balances include non-recurring income originated by variations in the valuation of securities. The quarter under review and the previous quarter recorded losses of AR$ 53.5 million and AR$ 95.3 million, respectively, while for

the third quarter of 2013 a gain of AR$ 79.8 million was recorded.

In addition, the CER adjustment line also reflected a significant increase compared to the same quarter of 2013, mainly due to the new price index implemented since January 2014.

Furthermore, the line item “Foreign exchange difference and others” registered a decrease compared to the same quarter of 2013 as a consequence of a lower foreign currency position. Compared to the previous quarter, this line item registered higher gains mainly due to the revaluation of such position.

The Bank has the discretion to mark-to-market its total public bonds portfolio; because of that, such income includes the unrealized losses/gains from variations in the valuations of the portfolio.

The increase compared to the same quarter of 2013 as well as to the previous quarter is mainly due to higher income resulting from the BCRA bills and notes portfolio.

In addition, as was previously mentioned, , a new Price index was implemented during the first quarter of 2014, registering an increase in the CER adjustment line in the annual comparison. However, the decline in the quarterly comparison is mainly a consequence of a slowdown of inflation.

Net income from services increased 30.8% compared to the same quarter of 2013 and 9.1% compared to the previous quarter in 2014.

The increase compared to the same quarter of the previous year is mainly due to higher consumption with debit and credit cards plus higher fees associated with deposits accounts and insurance, together with those originated by PSA Finance, which was, partially offset by the higher fees paid for promotions, especially those related to the LANPASS program.

The performance compared to the previous quarter of 2014 is mainly due to higher fees for consumption with debit and credit cards and to higher activity in deposit accounts. Services charge expenses grew 13.4% during the period.

Administrative expenses reflected increases of 52.5% and 19.9% compared to the third quarter of 2013 and the previous quarter, respectively.

Personnel expenses, increased compared to both periods mainly reflecting salary increases, a higher number of employees and the impact of organizational changes.

General expenses grew 28.9% in annual terms, as a consequence of a higher volume of activity, as well as the increase in prices and the effect of the peso devaluation over agreements denominated in dollar terms, mainly related to advertising and technology.

In the quarterly comparison, growth was 6.8% due to higher expenses in advertising, mainly sponsorship fees and taxes.

As of September 30, 2014, the Bank and its subsidiaries had 5,335 employees, an increase of 135 employees in the last year. The branch office network totaled 278 offices, including 248 consumer branch offices and 30 branch offices specializing in the middle-market segment. Corporate banking

included 7 business units grouped by industry. Complementing its distribution network, the Bank has 13 in-company branches and 2 point of sale outlets, 669 ATM’s and 752 quick deposit boxes (“QDBs”).

Other income/expenses totaled a gain of AR$ 14.5 million during the third quarter of 2014. Higher charges were recorded during the previous quarter mainly due to the impact of the salary increases on the stock of vacation days and for a higher number of accrued days.

Income from equity investments sets forth net income from related companies that are not consolidated. During the third quarter of 2014, a gain of AR$ 85.3 million was recorded, mainly due to BBVA Francés’ stake in Rombo Compañía Financiera, the annual valuation for the stake in Visa and the sale of the stake in Banelco.

Exposure to the public sector’s National treasury increased compared both, to the same quarter of 2013 and to the previous quarter, mainly due to bonds purchases.

The Bank’s portfolio of BCRA bills and notes also reflected a significant increase in the last twelve months, while it remained stable during the quarter.

As of September 30, 2014, public sector National treasury assets represented 3.8% of the Bank’s total assets. Total exposure to BCRA’s bills and notes net of holdings linked to reverse repo transactions, represented 7.7% of the Bank’s total assets.

Total exposure to the public sector includes public debt of the National treasury through public securities, guaranteed loans and trusts (canceled in January 2014), as well as the BCRA’s bills and notes.

As of September 30, 2014, the Bank’s private sector loan portfolio totaled AR$ 40.5 billion, increasing 20.9% in the last twelve months and 6.9% during the quarter.

Compared to the same quarter of 2013, loans to the retail segment grew 27.1%, reflecting outstanding performance of the credit card portfolio, due to higher consumption and financings. Loans for small and medium size companies grew 27.8% mainly due to higher commercial loans, checks and leasing. Corporate loans grew 9.9% in the same quarter.

It is noteworthy that during the first nine months of 2014, the Bank has placed approximately AR$ 2.6 billion in credit lines for productive investment, complying with the BCRA regulations, accumulating a total amount of AR$ 7.1 billion since the second quarter of 2012.

In the quarterly comparison, both commercial and retail loans registered increases, of 8.7% and 5.1%, respectively.

BBVA Francés maintains the best asset quality ratios in the Argentine financial system, despite same deterioration in the indicators.

As of September 30, 2014, the asset quality ratio (non-performing loans/total loans) was 0.94%, while the coverage ratio (provisions/non-performing loans) reached 225.89%.

Compared to the same quarter of 2013 the higher ratio is due to a rise of non-performing loans as well as an increase in the performing portfolio.

In contrast, compared to the previous quarter of 2014, the ratio reflected a slight improvement.

The following table shows the evolution of provisions for loan losses, including charges relating to

transactions recorded under “Other receivables” from financial intermediation.

Deposits

Total deposits reached AR$ 49.7 billion as of September 30, 2014, increasing by 25.8% and 3.5% compared to the same quarter of 2013 and to the previous quarter, respectively.

In annual terms, sight accounts increased 34.3%, whereas time deposits grew at a slower rate (15.1%), improving the funding mix. Sight accounts represented 58.6% of the Bank’s total deposits.

It is noteworthy to highlight that, in the last twelve months; peso-denominated deposits grew 23.7%;

sight accounts increased by 32% and time deposits by 13.8%.

The quarterly change reflected a slight slowdown in the deposits, which increased by 3.5%, growing only accounts balances, whereas saving accounts and time deposits remained stable.

Deposits denominated in foreign currency increased 47.2% compared to the same quarter of 2013 and 10.4% compared to the previous quarter. As of September 30, 2014 deposits denominated in foreign currency reached AR$ 5.1 billion (equivalent to US$ 0.6 billion), representing 10.3% of the Bank’s total deposits.

Other Funding Sources

As of September 30, 2014, other funding sources totaled AR$ 2.6 billion, increasing 91.4% compared to the same quarter of 2013 and 14.4% to the previous quarter.

In the last twelve months, both the Bank and PSA Finance issued non-subordinated negotiable

obligations (bonds). Some series of bonds matured during the period. Dollar funding increased as well, mainly funding lines aimed at financing imports.

Of the total outstanding senior bonds, AR$ 1.5 billion correspond to those issued by BBVA Francés and AR$ 0.4 billion to those issued by PSA Finance.

Capitalization

As of September 30, 2014, the Bank’s total shareholder’s equity totaled AR$ 9.5 billion, while the excess over BCRA Minimum Capital Requirements was AR$ 4.7 billion or 95.8%.

On the same date, the capital ratio reached 16.2% of assets adjusted to risk.

It is important to mention that beginning in the second quarter of 2014, the calculation of the ratio was modified, considering total risk-weighted assets. Previously, only credit risk-weighted assets were considered in the capital ratio calculation.

Additional Information

Conference Call

A conference call to discuss third quarter earnings will be held on Wednesday, November 12, 2014, at 11:00 am New York time – 1:00 pm Buenos Aires time. If you are interested in participating, please dial 888-468-2440 within the U.S. or +1 719-325-2393 outside the U.S. at least 5 minutes prior to our conference. Confirmation code: 7920338.

The conference will be recorded, please dial 888-203-1112 or +1 719-457-0820, same confirmation code. It will be available until December 12, 2014.

Internet

This press release is also available at BBVA Francés web site: www.bbvafrances.com.ar

Contacts

Vanesa Bories

Investor Relations

(5411) 4346-4000 int. 11622

vbories@bbva.com

Cecilia Acuña

Investor Relations

(5411) 4341-5036

ceciliaviviana.acuna@bbva.com