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Outstanding Data 1Q16 Earnings Release

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Outstanding Data 1Q16 Earnings Release 1Q16 EARNINGS RELEASE Buenos Aires, Argentina, May 9, 2016 – Banco Patagonia S.A. (BCBA: BPAT; BOVESPA: BPAT33) reports on the consolidated income of 1st quarter (1Q16) for financial year 2016. OUTSTANDING DATA Banco Patagonia closed 1Q16 having ARS 58.2059 billion in Assets, ARS 30.3673 billion in Loans, ARS 41.4369 billion in Deposits, and ARS 8.4351 billion as Shareholders’ Equity. Consolidated figures exhibit Assets for ARS 60.8498 billion, Loans for ARS 32.2709 billion and Deposits for ARS 42.7571 billion. Net income for 1Q16 was ARS 753.6 million, a 2.4% increase as compared to 4Q15 (ARS 735.6 million), and a 30.9% year-over-year increase (ARS 575.5 million), accounting for a 36.2% ROE (average return on equity) and a 4.9% ROA (average return on assets). Loans granted to the non-financial private sector on a consolidated basis amounted to ARS 31.9981 billion, accounting for a decrease of 2.6% compared to 4Q15 (ARS 32.8482 billion), and representing a 31.8% growth compared to 1Q15 (ARS 24.2831 billion). Consolidated total deposits amounted to ARS 42.7571 billion, a figure that accounts for a 1.7% quarter-on- quarter increase (ARS 42.0512 billion) and a 44.8% year-over-year increase (ARS 29.5225 billion). Regarding the portfolio quality indexes, the non-performing portfolio ratio is 1.1%, and coverage of the non- performing portfolio with provisions is 282.0%. The consolidated liquidity ratio was 50.6% (liquid assets on total deposits) Furthermore, aggregation of consolidated minimum capital records a surplus of ARS 3.7946 billion over the requirements set by BCRA regulations. The Regular and Special Shareholders' Meeting held on April 27, 2016 approved payment of ARS 52.7 million as cash dividends corresponding to fiscal year 2015, subject to the BCRA previous approval. As of March 31, 2016, Banco Patagonia S.A. employs 3,390 people and has a network made up of 198 customer desks all over the country, distributed in the capital and major cities in each province. 1Q16 Earnings Release Page 1 FINANCIAL REPORTING For the purposes of drafting this Report, Banco Patagonia S.A. has consolidated line by line its balance sheet and profit and loss statement with the financial statements of its subsidiaries: Patagonia Valores S.A., Patagonia Inversora S.A. Sociedad Gerente de Fondos Comunes de Inversión, Banco Patagonia (Uruguay) S.A.I.F.E. and GPAT Compañía Financiera S.A. 1Q16 GAINS (LOSSES) Banco Patagonia Consolidated Summarized Statement of Income Change (%) as of Figures In million pesos 1Q16 4Q15 1Q15 4Q15 1Q15 Intermediation Spread 1,692.0 1,612.8 1,296.8 4.9% 30.5% Uncollectibility Charge 44.5 70.6 72.6 (37.0%) (38.7%) Net Fee Income 541.8 515.1 412.7 5.2% 31.3% Administrative Expenses 1,074.7 1,016.8 753.6 5.7% 42.6% Net Operating Income 1,114.6 1,040.5 883.3 7.1% 26.2% Miscellaneous Profits 82.7 20.0 38.4 313.5% 115.4% Income before Income Tax 1,197.3 1,060.5 921.7 12.9% 29.9% Income Tax 443.7 324.9 346.2 36.6% 28.2% Net Profit (Loss) of the Quarter 753.6 735.6 575.5 2.4% 30.9% Net income for 1Q16 was ARS 753.6 million, accounting for a 2.4% increase (ARS 18.0 million) as compared to net income for 4Q15 (ARS 735.6 million) and a 30.9% increase (ARS 178.1 million) as compared to 1Q15 (ARS 575.5 million). a) Earnings per Share Banco Patagonia Consolidated Earnings per Share Change (%) as of Figures In million pesos 1Q16 4Q15 1Q15 4Q15 1Q15 Net Income for the Quarter 753.6 735.6 575.5 2.4% 30.9% Quarterly Average Number of Outstanding Shares 719.1 719.1 719.1 0.0% 0.0% Quarterly Average Number of Treasury Shares 0.1 0.2 0.2 -50.0% -50.0% Shares Issued at quarter-end 719.1 719.3 719.3 0.0% 0.0% Earnings per Share – Amounts in pesos 1.0480 1.0227 0.8003 2.5% 30.9% Earnings per BDR (*) – Amounts in pesos 20.9595 20.4532 16.0061 2.5% 30.9% Book value per share – Amounts in pesos 11.7274 10.6797 9.5876 9.8% 22.3% (*) Each BDR is equivalent to 20 common shares. 1Q16 Earnings Release Page 2 b) Net Financial Income Gross Intermediation Spread Banco Patagonia Consolidated Figures Change (%) as of In million pesos 1Q16 4Q15 1Q15 4Q15 1Q15 Financial Income 3,522.6 3,113.1 2,287.3 13.2% 54.0% Financial Expenses 1,830.6 1,500.3 990.5 22.0% 84.8% Total 1,692.0 1,612.8 1,296.8 4.9% 30.5% Gross interest income in 1Q16 amounted to ARS 1.6920 billion, 4.9% (ARS 79.2 million) higher than in 4Q15 (ARS 1.6128 billion) and 30.5% higher (ARS 395.2 million) than the amount recorded in 1Q15 (ARS 1.2968 billion), as per the following breakdown: Financial Income Banco Patagonia Consolidado Change (%) as of In million pesos 1Q16 4Q15 1Q15 4Q15 1Q15 Interest on loans to the financial sector 69.7 62.1 38.6 12.2% 80.6% Interest on overdrafts 553.1 491.2 370.5 12.6% 49.3% Interest on documentary credits 767.1 763.6 535.3 0.5% 43.3% Interest on auto loans 135.0 124.8 92.9 8.2% 45.3% Interest on credit card loans 297.3 289.0 228.2 2.9% 30.3% Interest on other loans 423.7 365.6 346.0 15.9% 22.5% Interest on financial leasing 68.2 63.9 46.9 6.7% 45.4% Net income from government and private securities 929.8 524.4 546.0 77.3% 70.3% Exchange difference 195.2 180.8 56.8 8.0% 243.7% Other 83.5 247.7 26.1 (66.3%) 219.9% Total 3,522.6 3,113.1 2,287.3 13.2% 54.0% Financial income in 1Q16 totaled ARS 3.5226 billion, accounting for a 13.2% rise (ARS 409.5 million) compared to 4Q15 (ARS 3.1131 billion), and a 54.0% increase (ARS 1.2353 billion) compared to 1Q15 (ARS 2.2873 billion). The main changes compared to 4Q15 were generated by a 77.3% increase (ARS 405.4 million) resulting from income of the government and private securities portfolio. The loan portfolio recorded increases, mainly in overdrafts and other loans, in the amount of ARS 61.9 million and ARS 58.1 million, respectively. Banco Patagonia Consolidated Financial Expenses Change (%) as of Figures In million pesos 1Q16 4Q15 1Q15 4Q15 1Q15 Interest on term deposits 1,436.7 1,142.3 715.9 25.8% 100.7% Other interest 18.3 29.1 18.0 (37.1%) 1.7% Interest on other liabilities for financial 88.3 82.1 73.0 7.6% 21.0% intermediation Contribution to the deposit guarantee fund 69.6 59.5 49.1 17.0% 41.8% Other 217.7 187.3 134.5 16.2% 61.9% Total 1,830.6 1,500.3 990.5 22.0% 84.8% Financial expenses in 1Q16 reached ARS 1.830,6, accounting for a 22.0% increase (ARS 330.3 million) compared to 4Q15 (ARS 1.5003 billion), mainly as a result of higher interest accrual on time deposits, which increased by 25.8% (ARS 294.4 million), as a consequence of the higher borrowing rates paid over the quarter. 1Q16 Earnings Release Page 3 c) Net Fee Income Banco Patagonia Consolidated Net Fee Income Change (%) as of Figures In million pesos 1Q16 4Q15 1Q15 4Q15 1Q15 Deposits 279.6 259.2 206.3 7.9% 35.5% Credit and Debit Cards 256.0 248.0 176.7 3.2% 44.9% Related to Loans 118.9 110.0 70.4 8.1% 68.9% Safe-deposit boxes 25.5 25.2 20.9 1.2% 22.0% Foreign Trade 31.3 28.6 12.3 9.4% 154.5% Capital and Securities Market 19.7 17.3 19.0 13.9% 3.7% Other 73.0 72.2 57.2 1.1% 27.6% Fee income 804.0 760.5 562.8 5.7% 42.9% Fee expense (262.2) (245.4) (150.1) 6.8% 74.7% Total 541.8 515.1 412.7 5.2% 31.3% Net fee income of the quarter reached ARS 541.8 million, increasing by 5.2% (ARS 26.7 million) compared to 4Q15 (ARS 515.1 million) and by 31.3% (ARS 129.1 million) compared to 1Q15 (ARS 412.7 million). Furthermore, fee income reached ARS 804.0 million, increasing by 5.7% (AR$ 43.5 million) as compared to 4Q15 (ARS 760.5 million), mainly due to an increase in fees collected on deposits, which increased by 7.9% (ARS 20.4 million) compared to 4Q15. Fees charged on loans, compared to 4Q15, increased by 8.1% (ARS 8.9 million), those charged on credit and debit cards increased by 3.2% (ARS 8.0 million) and those related to the capital and securities market increased by 13.9% (ARS 2.4 million). In turn, fee income of the quarter reached ARS 262.2 million, increasing by 6.8% (ARS 16.8 million) compared to 4Q15 (ARS 245.4 million) and by 74.7% (ARS 112.1 million) compared to 1Q15 (ARS 150.1 million).
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