BBVA Banco Frances S.A. (the Bank) is an Argentina-based bank. The Bank is a provider of financial and non-financial services to a range of market segments through a network of branches located in the 23 Argentine provinces as well as the City of Buenos Aires. The Bank also conducts capital markets and securities operations directly, in the over-the-counter market, and indirectly in the Buenos Aires Stock Exchange. The Bank operates through the segments: BBVA Banco Frances S.A. and PSA Finance S.A. BBVA Banco Frances S.A. includes BBVA Frances Asset Management S.A. Sociedad Gerente de Fondos Comunes de Inversion and BBVA Frances Valores S.A. The Bank operates 282 attention-to-clients units, 251 of which are retail branches and 31 are specialized in the middle-market segment and institutions, while seven business units grouped by industry serve corporate clients. The Bank also has 13 in-company branches, two points of sale and other distribution channels.