BBVA Banco Frances S.A.'s Board of Directors, during its meeting, has decided to accept the resignation of the Executive Director (CEO), Ricardo Enrique Moreno, and accordingly has appointed Martin Ezequiel Zarich to carry out this position. The reason for the resignation was that Mr. Moreno has been appointed to carry out important roles in Banco Bilbao Vizcaya Argentaria S.A. The Board also decided that the resignation of Mr. Moreno shall be effective when the Central Bank of Argentina authorizes Mr. Zarich as the new Executive Director (CEO). Finally, the Board has also decided to appoint Gustavo Alonso as the new Director of Innovation & Development, in replacement of Mr. Zarich.