Banca Mifel, S.A., Institución de Banca Múltiple, Grupo Financiero Mifel.

Transcription

1 , S.A., Institución de Banca Múltiple, Grupo Financiero Mifel. 2nd. Q 2015 Notes to the Financial Statements according to the "General Provisions Applicable to Financial Information Credit Institutions"

2 Index NOTES TO THE FINANCIAL STATEMENTS CAPITAL MOVEMENTS LOAN PORTFOLIO AVERAGE INTEREST RATE OF DEMAND DEPOSITS, TIME DEPOSITS & BANK LOANS 3 NON-PERFORMING LOANS MOVEMENTS INVESTMENTS IN SECURITIES REPURCHASE AND RESALE AGREEMENTS DERIVATIVE FINANCIAL INSTRUMENTS RESULTS FOR VALUATION AND PURCHASE-SALE... 8 OTHER INCOME (EXPENSE) OF OPERATION... 9 DEFERRED TAXES CAPITALIZATION INDEX NET CAPITAL WEIGHTED ASSETS AVERAGE MARKET RISK RATING OF THE LOAN PORTFOLIO FINANCIAL INDICATORS DEBTORS TO EXCEED 10% OF BASIC CAPITAL. 17 INFORMATION PER SEGMENT TRANSACTIONS WITH RELATED PARTIES INTEGRATION OF NET CAPITAL RECOGNITION OF CAPITAL ADJUSTMENTS RELATIONSHIP WITH CAPITAL EQUITY BALANCE SHEET TOTAL ASSETS SUBJECT TO RISK WEIGHTED BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ÍNDICE

3 Stockholders' Equity Movements In June 2015, "Grupo Financiero Mifel, S.A. de C.V." made a contributions for future capital increases to "Banca Mifel, S.A. de C.V. Institución de Banca Múltiple Grupo Financiero Mifel" by $799,999, mexican pesos. BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 1 )

4 Loan Portfolio The loan portfolio is detailed below by type loan: Mexican pesos ( 1 ) US Dollars ( 2 ) Total 2Q Q Q 2015 Performing loans Commercial Activity 10,443 3,422 13,865 Financial Institution Government Entities 2,138-2,138 Consumer loans Mortgage loans 10,094-10,094 Non-performing loans Commercial Activity Financial Institution 9-9 Government Entities Consumer loans 1-1 Mortgage loans Total 23,745 3,426 27,171 ( 1 ) Include UDIS and VSM valued at fixed ending exchange rate ( 2 ) Valued at fixed ending exchange rate Amounts in millons of pesos BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 2 )

5 Average Interest Rate of Demand deposits, time deposits and Bank Loans The average interest reate of demand deposits, time deposits and bank loans are: Mexican pesos Foreing currency 2Q Q 2015 Demand and Time Deposits: Rate 2.85% 0.54% Bank loans: Rate 5.55% 2.18% BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 3 )

6 Non-performing loans movements The non-performing loans movements are: Mexican pesos ( 1 ) 2Q 2015 Foreing currency (2) 2Q 2015 Total 2Q 2015 Balance at beginning of quarter Entries to Non-performing loans: From Performing loans Outputs performing loans: Transfers to performing loan Payments received Restructuring and renewals Write offs Foreclosed assets Valuations effects - (0.28) (0.28) - Balances at end of quarter ( 1 ) Include UDIS valued at fixed ending exchange rate ( 2 ) Valued at fixed ending exchange rate Amounts in millons of pesos BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 4 )

7 Investments in Securities The investments in securities portfolio at June 30, 2015 is integrated as follows: Trading securities Adquisition Cost Interests Earned Valuations increase (decrease) Market Value Unrestricted: Government securities Bank debt securities Other debt securities (6.55) 1.76 Restricted: Government securities 1, , Bank debt securities (0.23) Other debt securities (0.11) Total Traiding securities 2, , Securities held to maturity Unrestricted: Government securities Bank debt securities Other debt securities Interest received in advance Restricted: Government securities Bank debt securities Other debt securities Total securities held to maturity Total Investments in securities 3, , Amounts in millons of pesos BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 5 )

8 Repurchase and resale agreements: The repurchase and resale agreements entered into by the Bank for 2Q 2015 are comprised as follows: Type of security Debtor under repurchase agreement Government securities 2, Bank securities - Private - Total 2, Type of security Collateral under repurchase agreement Government securities 2, Bank securities - Private - Total 2, Net debtors & collateral - Type of security Liabilities for repo operations Gubernamental 1, Bank securities Private Total 3, Amounts in millons of pesos BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 6 )

9 Derivative Financial Instruments Notional amounts of Derivative Financial Instruments at June 30, 2015 are as follows: Underlying Purchase Sale Trading purposes Forwards USD - - European type options USD - - Amounts in millons of dollars Hedge purposes Interest Rate Swap (IRS) TIIE 28-1, Future rate TIIE Interest Rate Options (CAPS) TIIE European type options TIIE Amounts in millons of pesos The underlying Options and Forwards is referenced to foreing currency (Dollar) The underlying future contracts, options and swaps as hedges are interest rates (TIIE 28) BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 7 )

10 Results for Valuation and Purchase-Sale At June 30, 2015, the results of the valuation and purchase-sale are: Type of instrument Valuation Purchase-Sale Total 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Forwards Option Futures Swaps 2.12 (0.31) - - (14.77) (14.73) - - (12.65) (15.04) - - Subordinated debentures Investments in Securities (2.35) (3.64) (2.81) - - Currencies (7.14) Metal (0.04) (0.03) Total (7.41) Amounts in millons of pesos BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL.

11 Other income (expense) of Operation Other income (expense) of Operation at June 30, 2015 are: Other Income: Management and Financial Advisory Consulting and Support Insurance Fees Brokers 1.85 Provision of Mortgage Loans "Renueva tu Hogar" (8.64) Provision of Mortgage Loans "2do Crédito INFONAVIT" 7.06 Provision of Mortgage Loans "INFONAVIT Total" Provision of Mortgage Loans "Mejoravit Remodelación" 8.60 Cancellation of other liability accounts Use of facilities 3.20 Interest income from loans 2.22 Gain on sale of fixed assets 0.03 Gain on sale of foreclosed assets - Cancellation of excess allowance for loan losses Recovery for loan 0.51 ESPS deferred - Others Other Expense: Allowance for doubtful accounts 0.18 Various losses 0.95 Donations 0.15 Allowance for impairment on foreclosed assets 1.19 Interest expense for asset financing 0.00 Others Net Amounts in millons of pesos BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 9 )

12 Deferred Taxes The deferred taxes as June 30, 2015 are: IRS deferred ESPS deferred Total IRS & ESPS Entries for: Valuation of financial instruments Tax losses Sundry debtors Foreclosed assets Loss reserves portfolio Other temporary differences Other provisions not deducible Entries in charge: Valuation of derivatives Other temporary differences Total for / (charge) Amounts in millons of pesos BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 10 )

13 Capitalization index Capitalization ratios are formed as follows: Breakdown 2Q 2015 Net Capital / Assets subject to credit risk 19.13% Net Capital / Assets subject to credit risk, market and operational 14.47% BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 11 )

14 Net Capital The amount of net capital is composed as follows: Concept 2Q 2015 Basic Capital 3,374 Complementary Capital 653 Net Capital 4,027 Amounts in millons of pesos BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 12 )

15 Weighted Assets Weighted assets are: Concept 2Q 2015 Market Risk Weighted Assets 4,622 Credit Risk Weighted Assets 21,053 Operational Risk Weighted Assets 2,154 Amount in millions of pesos BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 13 )

16 Average Market Risk The value of the average market risk period is: Concept 2Q 2015 Market value at risk 1.16 Net Capital at end of period 4,027 Percentage represents the value of market risk of 0.03% the net capital at end of period (VaR) Amounts in millons of pesos BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 14 )

17 Rating of the loan portfolio Rated at June 30, 2015 EXCEPT RATED: LOAN PORTFOLIO AMOUNT COMMERCIAL PREVENTIVE RESERVES REQUIRED CONSUMER MORTGAGE TOTAL PREVENTIVE RESERVES Risk A $ 24,937,315 $ 91,106 $ 820 $ 42,835 $ 134,761 Risk B 1,796,024 44,879 2,096 - $ 46,975 Risk C 177,683 10, ,025 $ 16,887 Risk D 248,365 46, ,370 $ 67,892 Risk E 109,372 69, ,379 $ 95,781 Subtotal $ 27,268,759 $ 262,006 $ 4,681 $ 95,609 $ 362,296 Plus: Past due interest on current operations $ 3,245 Reserves ordered by the CNBV - Total $ 365,541 Less: Constituted reserves 365,541 Excess $ - 1 Figures for rating and the establishmenta of loss reserves, are those for the last day of the month to which referred to the Balnce Sheet June 30, The loan portfolio is classifiel according to the rules for qualification of the loan portfolio by the Ministry of Finance and Public Credit (SHCP) and the methodology established by the CNBV, and may in the case of commercial loans and mortgage made by internal methodology authorized by the CNBV. The institution uses the methodology established by the CNBV. Amounts in thousands of pesos BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 15 )

18 Financial Indicators CONCEPT 1Q Q Q Q Q Q 2015 DELINQUENCY RATIO 2.71% 2.48% 2.69% 1.44% 1.37% 1.32% COVERAGE RATIO NON-PERFORMING LOANS 93.70% % 91.93% 90.02% 99.60% % OPERATIONAL EFFICIENCY 2.72% 2.91% 2.69% 3.31% 2.46% 2.64% ROE 12.70% 10.83% 11.45% 18.41% 17.25% 14.51% ROA 0.82% 0.74% 0.73% 1.17% 1.14% 1.11% LIQUIDITY % % % 85.42% 76.47% 64.26% MIN 1.11% 2.75% 3.05% 3.60% 2.31% 3.58% CAPITALIZATION INDEX BREAKDOWN: Net Capital / Assets subject to credit risk 18.98% 17.49% 16.27% 16.95% 16.77% 14.47% Net Capital / Assets subject to credit risk, market and operational 13.50% 12.82% 12.06% 12.33% 12.11% 12.12% BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 16 )

19 Debtors to exceed 10% of Basic Capital The main debtors that exceed 10% of basic capital are: AMOUNT % BASIC CAPITAL CREDITED 1 1, % CREDITED 2 1, % CREDITED % CREDITED % CREDITED % CREDITED % CREDITED % CREDITED % CREDITED % CREDITED % CREDITED % CREDITED % CREDITED % $ 7,177 The maximum amount of financing for its three largest debtors are: MAXIMUM AMOUNT CREDITED 1 1,452 CREDITED 2 1,295 CREDITED Notes: 1) The Basic Capital at March 31, 2015 is $2,455 2) 10% of basic capital amounted to $ 245 3) The sum of the debtors whose risk exceeded 10% of core capital at Jun 30, 2015 is $7,177 Amounts in millons of pesos BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 17 )

20 Information per Segment Following is a breakdown of the main operations per business segment which eflect the Bank's financial Statements for 2Q 2015: Balance Sheet Concept Credit and Deposit Treasury and Investment banking Others Total Cash and cash equivalents - 2,313-2,313 Margin accounts Investments in securities - 3,334-3,334 Debit balance under repurchase and resale agreements transactions Securities loans Derivatives Adjustment for valuation of financial assets Loan portfolio-net 26, ,805 Other assets ,471 6,530 Total Assets 26,862 5,867 6,471 39,200 Demand Deposits 21, ,218 Interbank loans and loands from other entities 7, ,083 Creditors under agreements to repuchase - 3,068-3,068 Securities loans Derivatives Outstanding subordinated debentures - 2,383-2,383 Other liabilities - - 1,624 1,624 Deferred credits Total Liabilities 28,301 5,688 1,728 35,717 Total Operating Results Concept Credit and Deposit Treasury and Investment banking Others Interest income 1, ,392 Interest expense (466) (223) - (689) Result by net monetary position (financial margin) Provision for loan losses (237) - - (237) Commissions and fees income Commissions and fees expense - - (135) (135) Financial intermediation income Other income (expense) of the operation (2) Total Income (expense) from operations 561 (27) Total The segments used for reporting MIFEL are: * Credit and Collection. Group the accounting transactions related to the credit transaction, demand deposits, time deposits, treasury promissory notes issued to fund loan portfolio and loans from development banks to fund loans FIRA and PYME. * Treasury and Investment Banking. Group the accounting movements result of the operation of the treasury (investment securities, subordinated debentures, Repos and Derivatives). Also groups brokering investments in Mesa Money and Investment Company and results of exchange operation. Amounts in millons of pesos BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 18 )

21 Transactions with related parties At the end of June 2015, performed the following transactions with related parties: Transaction Demand Deposits Loan Portfolio Money Market Mutual Funds Administrative Services Mexican Currency Significant Influence Afiliatterd Entities Board Stockholders Holding Company Group Companies Total USD in Mexican Pesos (traslated) Demand Deposits Money Market Transaction Loan Portfolio Administrative Services Stockholders Significant Influence Afiliatterd Entities Board and principal executive officers Group Companies Total Amounts in millons of pesos BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 19 )

22 Integration of Net Capital Reference Common Equity Tier 1 (CET1): instruments and reserves Amount 1 Ordinary shares that qualify for common equity Tier 1 plus its corresponding premium $ 2, Results of previous years $ Other elements of comprehensive income (and other reserves) $ Capital subject to phase-out the common equity tier 1 (only applicable to companies that are not linked to shares) Not applicable 5 Ordinary shares issued by subsidiaries in the possesion of third parties (allowed amount in the Common Equity Tier 1 ) Not applicable 6 Common Equity Tier 1 before regulatory adjustments $ 3, Common Equity Tier 1: regulatory adjustments 7 Prudential valuation adjustments Not applicable 8 Goodwill (net of the related deferred income tax in charge) $ - 9 Other intangible different from mortgage servicing rights (net of the related deferred income tax in charge) $ - 10 (conservative) Deferred income taxes in favour that depend on future earnings excluding those arising from temporary differences (net of the deferred income tax in charge) $ - 11 Result from valuation of instruments for cash flow hedging $ - 12 Outstanding reservations of constitute $ - 13 Benefits on the remnant from securitization transactions $ - 14 Profit and loss caused from changes in the own credit rating on liabilities measured at fair value Not applicable 15 Defined benefit pension plan $ - 16 (conservative) Investments in own shares $ - 17 (conservative) Reciprocal investments in the ordinary share capital $ - 18 (conservative) Investments in the capital of banks, financial institutions and insurance outside the scope by the regulatory consolidation, net of eligible short positions, where the organization does not own more than 10% of the issued capital stock (the amount that exceeds the 10% threshold) $ - 19 (conservative) Significant investments in ordinary shares of banks, financial institutions and insurers outside the scope of regulatory, consolidation of eligible net short positions, where the institution holds more than 10% of the issued share capital (the amount that exceeds the 10% threshold) $ - 20 (conservative) Rights for mortgage services (amount that exceeds the 10% threshold) $ - 21 Deferred income taxes in favour coming from temporary differences (amount that exceeds the threshold of 10%, net of deferred tax in charge) $ - 22 Value that exceeds the threshold of 15% Not applicable 23 Of which: Significant investments in which the institution has more than 10% in common stocks of financial institutions Not applicable 24 Of which: Rights for mortgage services Not applicable 25 Of which: Deferred income taxes in favour coming from temporary differences Not applicable 26 National regulatory adjustments $ A Of which: Other items of comprehensive income (and other reserves) $ - B Of which: Investment in subordinated debt $ - C Of which: Profit or increase the value of assets for acquisition of securitization positions (Institutions originators) $ - D Of which: Investment in multilateral organizations $ - E Of which: Investments in related companies $ - F Of which: Investment in venture capital $ - G Of which: Investment in mutual funds $ - H Of which: Financing for the acquisition of own shares $ - I Of which: transactions that contravene the provisions $ - J Of which: Deferred charges and prepaid expenses $ K Of which: Position Schemes first Loss $ - L Of which: Deferred employees' profit sharing $ - M Of which: Relevant Related transactions $ - N Of which: Defined benefit pension plan $ - O Of which: Adjustment for recognition of capital $ - 27 Regulatory adjustments applied to common stock of level 1 due to the failure of Additional Tier 1 and Tier 2 capital to cover deductions $ - 28 Total regulatory adjustments to Common Equity Tier 1 $ Common equity Tier 1 (CET1) $ 3, Additional Tier 1: instruments 30 Instruments issued directly which qualifying as additional Tier 1 plus your premium $ - 31 of which: Classified as capital under applicable accounting standards $ - 32 of which: classifed as a liability under applicable accounting standards Not applicable 33 Equity instruments issued directly subject to phasing out additional Tier 1 capital $ - 34 Instruments issued of additional Tier 1 into common capital instruments Level 1 that are not included on line 5 that were issued by subsidiaries in possession of third parties (amount allowed in Additional Tier 1) Not applicable 35 Of which: Instruments issued by subsidiaries subject to gradual phase-out Not applicable 36 Additional Tier 1 before regulatory adjustments $ - Additional Tier 1: regulatory adjustments $ - 37 (conservative) Investments in instruments of Additional Tier 1 capital Not applicable 38 (conservative) Investments reciprocal actions in instruments in additional Tier 1 capital Not applicable 39 (conservative) Investments in the capital of banks, financial institutions and insurers outside the scope of regulatory, consolidation of eligible net short positions, where the organization does not own more than 10% of issued share capital (the amount that exceeds the 10% threshold) Not applicable 40 (conservative) Significant investments in the capital of banks, financial institutions and insurance out of reach of regulatory consolidation, net of eligible short positions, where the institution holds more than 10% of the issued share capital Not applicable 41 National regulatory adjustments $ - 42 Regulatory adjustments applied to Additional Tier 1 because insufficient Tier 2 deductions to cover Not applicable 43 Total regulatory adjustments to Additional Tier 1 capital $ - 44 Additional Tier 1 (AT1) receptors $ - 45 Capital Tier 1 (T1 = CET1 + AT1) $ 3, Capital Tier 2: instruments and reserves $ - 46 Securities issued directly that qualify as Tier 2 capital, the more your premium $ - 47 Equity instruments issued directly subject to gradual elimination of Tier 2 $ Instruments of Tier 2 and tools common Tier 1 and Additional Tier 1 which have not been included in rows 5 to 34, which have been issued by subsidiaries in possession of third (allowed amount in supplementary capital level 2) Not applicable 49 of which: Securities issued by subsidiaries subject to phase-out Not applicable 50 Reservations $ - 51 Capital Tier 2 before regulatory adjustments $ Capital Tier 2: regulatory adjustments $ - 52 (conservative) Investments in own equity instruments Level 2 Not applicable 53 (conservative) Reciprocal investments in equity instruments Level 2 Not applicable 54 (conservative) Investments in the capital of banks, financial institutions and insurers outside the scope of regulatory, consolidation of eligible net short positions, where the organization does not own more than 10% of issued share capital (the amount that exceeds the 10% threshold) Not applicable 55 (conservative) Significant investments in the capital of banks, financial institutions and insurance out of reach of regulatory consolidation, net of eligible short positions, where the institution holds more than 10% of the issued share capital Not applicable 56 National regulatory adjustments $ - 57 Total regulatory adjustments to capital Tier 2 $ - 58 Capital Tier 2 (T2) $ Total Capital (TC = T1 + T2) $ 4, Total risk-weighted assets $ 27, Capital ratios and supplements 61 Common Capital Tier 1 (as a percentage of total risk-weighted assets) 12.12% 62 Capital Tier 1 (as a percentage of total risk-weighted assets) 12.12% 63 Total Capital (as a percentage of total risk-weighted assets) 14.47% 64 Specific institutional Supplement (must at least consist of: the requirement of common equity tier 1 plus the capital conservation buffer plus countercyclical buffer plus mattress G-SIB, expressed as a percentage of total risk-weighted assets) 7.00% 65 Of which: capital conservation Supplement 3.00% 66 Of which: bank specific countercyclical Supplement Not applicable 67 Of which: Supplement global systemically important banks (G-SIBs) Not applicable 68 Common Equity Tier 1 available to cover the supplements (as a percentage of total risk-weighted assets) 5.12% National minimums (in casethey are different from Basel 3) 69 National minimum CET1 Reason (if different from minimum set by Basel 3) Not applicable 70 National minimum T1 Reason (if different from minimum set by Basel 3) Not applicable 71 National minimum TC Reason (if different from minimum set by Basel 3) Not applicable Amounts below the thresholds for deduction (before the risk weight) 72 No significant investments in the capital of other financial institutions Not applicable 73 Significant investments in common stocks of financial institutions Not applicable 74 Mortgage servicing rights (net of deferred income tax charge) Not applicable 75 Deferred income taxes for temporary differences arising from (net of deferred income tax charge) $ Applicable limits to the inclusion of reserves in capital Tier 2 76 Eligible for inclusion in Tier 2 with respect to exposures subject to the standardized methodology (prior to application of the limit) Reservations $ Limit the inclusion of provisions in Tier 2 capital under the standardized methodology $ Eligible for inclusion in Tier 2 with respect to exposures subject to internal ratings methodology (prior to application of the limit) Reservations $ - 79 Limit the inclusion of reserves in Tier 2 capital under the internal ratings methodology $ - Equity instruments subject to phase-out (applicable only between January 1, 2018 and January 1, 2022) 80 Current limit instruments subject to phase CET1 Not applicable 81 Amount excluded CET 1 due to the limit (excess over the limit after redemptions and maturities) Not applicable 82 Current limit instruments subject to phase-at1 $ - 83 AT1 Amount excluded due to the limit (excess over the limit after redemptions and maturities) $ - 84 Current limit instruments subject to the T2 phase $ Amount excluded T2 due to the limit (excess over the limit after redemptions and maturities) $ BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 20 )

23 Concepts of Capital Unadjusted for capital Capital adjustment With adjustment for % APSRT recognition recognition capital appreciation % APSRT Basic Capital 1 $ 3, % $ - $ 3, % Basic Capital 2 $ % $ - $ % Basic Capital $ 3, % $ - $ 3, % Complementary Capital $ % $ - $ % Net Capital $ 4, % $ - $ 4, % Total Weighted Assets subject to Risk (APSRT) $ 27, Not applicable Not applicable $ 27, Not applicable Capitalization Index 14.47% Not applicable Not applicable 14.47% Not applicable BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 21 )

24 Reference Balance Sheet Amount Assets BG1 Cash and due from banks 2, BG2 Margin accounts - BG3 Investments in securities 3, BG4 Debtor under repurchase agreement - BG5 Investments in securities - BG6 Derivatives - BG7 Valuation adjustments for hedging of financial assets BG8 Total loan portfolio-net 26, BG9 Benefits receivable securitizations transactions - BG10 Other accounts receivable- Net 5, BG11 Foreclosed assets-net BG12 Propierty, furniture and equipment-net BG13 Equity Investments 1.78 BG14 Long term assets available por sale - BG15 Deferred taxes and employees' statutory profit sharing-net BG16 Other assets Liabilities BG17 Deposits 21, BG18 Interbank loans and loans from other entities 7, BG19 Creditors under agreements to repurchase 3, BG20 Securities lending - BG21 Collateral sold or given to guarantee - BG22 Derivatives BG23 Adjustments for Valuation coverage of financial liabilities - BG24 Obligations securitization transactions - BG25 Other accounts payable 1, BG26 Outstanding subordinated debentures 2, BG27 Deferred taxes and employees' statutory profit sharing-net - BG28 Deferred credits and charges expected Stockholders' Equity BG29 Capital stock 2, BG30 Earned Capital Memorandum Accounts BG31 Guarantees granted - BG32 Contingent assets and liabilities - BG33 Credit commitments 19, BG34 Property in trust or mandate 51, BG35 Financial agent of the Federal Government - BG36 Property in custody or administration 63, BG37 Collateral received by entity 2, BG38 Collateral received and sold or delivered as collateral by the entity 2, BG39 Investment banking transactions for third parties (net) 4, BG40 Accrued interest receivable resulting from non-performing loans BG41 Other control accounts 1, BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 22)

25 Identifier Regulatory concepts considered for the calculation of the components of Net Capital Reference format revelation of integration capital of paragraph I of this annex Amount according to the notes to the table. Regulatory concepts considered for the calculation of the components of Net Capital References for the category of the balance sheet and related regulatory concept considered for the calculation of the Net Capital from the reference mentioned amount. Assets 1 Goodwill Other Intangibles BG16= less Ref.26-J= Deferred income tax (in favour) from losses and tax credits BG15= less Ref.26-L= and Ref.75= Benefits of the remaining in securitization transactions Investment of pension plan defined benefit without unrestricted and unlimited access Investments in shares of the institution Reciprocal investments in the ordinary stock capital Direct investments in the capital of financial entities where the institution does not own more than 10% of issued share capital Indirect investments in the capital of financial entities where the institution does not own more than 10% of issued share capital Direct investment in the capital of financial institutions where the institution holds more than 10% of the issued share capital Indirect investments in the capital of financial institutions where the institution holds more than 10% of the issued share capital Deferred income tax (in favour) from temporary differences Reservations recognized as complementary capital BG8=26, include estimates by of which Ref.50= 0 14 Investments in subordinated debt 26 - B Investments in multilateral organizations 26 - D Investments in related companies 26 - E Investment in venture capital 26 - F Investments in mutual funds 26 - G Financing for the acquisition of own shares 26 - H Deferred charges and prepaid expenses 26 - J BG16= less Ref.9= Deferred Employees' profit sharing (net) 26 - L BG15= less Ref.10= and Ref.75= Investment by defined-benefit pension plan 26 - N Investments in clearing houses 26 - P 0.00 Liabilities 24 Deferred income tax (in charge) associated with goodwill Deferred income tax (in charge) associated with other intangibles Liabilities of pension plan defined benefit without unrestricted and unlimited access Deferred income tax (in charge) associated with the pension plan of defined benefit Deferred income tax (in charge) associated with other than the above Subordinated debentures amount that complies with Annex 1-R Subordinated debentures subject to transience which count as a basic capital Subordinated debentures amount that complies with Annex 1-S Subordinated debentures subject to transience which count as a complementary capital Deferred income tax (in charge) associated with deferred charges and prepaid expenses 26 - J 0.00 Stockholders' Equity 34 Contributed Capital which complies with Annex 1-Q 1 2, BG29=2, Results of previous years BG30= less Ref.3= Result from valuation of instruments for cash flow hedging items registered at fair value BG30= less Ref.2= , capital reserves= and Net income= and Gain or loss on valuation AFSS= Other elements of earned capital other than above Capital reserves= Net income= and Gain or loss on valuation AFSS= Contributed Capital which complies with Annex 1-R Contributed Capital which complies with Annex 1-S Result from valuation of instruments for cash flow hedging items not registered at fair value 3, Cumulative effect of conversion 3, 26 - A Result from holding non-monetary assets 3, 26 - A 0.00 Memorandum Accounts 43 Position in schemes first loss 26 - K 0.00 Regulatory concepts not considered in the balance sheet 44 Outstanding reservations of constitute Profit or increase the value of assets for acquisition of securitization positions (Institutions originators) 26 - C Operations which contravene dispositions 26 - I Relevant related party transactions 26 - M Adjustment for capital recognition 26 - O, 41, BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 23 )

26 Concept Amount Request Operations in domestic currency at nominal rates 2, Transactions in debt securities in domestic currency with surcharge and revisable rate Operations in domestic currencies with real rate or UDI denominated Operations in domestic currency rate of return referred to the General Minimum Wage growth 1, Positions in UDI's performance or referred to inflation - - Positions in domestic currency with rate of return refers to the growth of the general minimum wage Operations in foreign currency with nominal rates Positions in foreign currency or indexed to the exchange rate performance Equity positions or with yields indexed to the price of a stock or group of stocks - - BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 24 )

27 Concept Risk Weighted Assets Capital requirement Group I (weighted at 0%) - - Group I (weighted at 10%) - - Group I (weighted at 20%) - - Group II (weighted at 0%) - - Group II (weighted at 10%) - - Group II (weighted at 20%) - - Group II (weighted at 50%) - - Group II (weighted at 100%) - - Group II (weighted at 120%) - - Group II (weighted at 150%) - - Group III (weighted at 2.5%) - - Group III (weighted at 10%) - - Group III (weighted at 11.5%) - - Group III (weighted at 20%) Group III (weighted at 23%) - - Group III (weighted at 50%) Group III (weighted at 57.5%) - - Group III (weighted at 100%) - - Group III (weighted at 115%) - - Group III (weighted at 120%) - - Group III (weighted at 138%) - - Group III (weighted at 150%) - - Group III (weighted at 172.5%) - - Group IV (weighted at 0%) - - Group IV (weighted at 20%) Group V (weighted at 10%) - - Group V (weighted at 20%) Group V (weighted at 50%) - - Group V (weighted at 115%) - - Group V (weighted at 150%) Group VI (weighted at 20%) - - Group VI (weighted at 50%) 3, Group VI (weighted at 75%) Group VI (weighted at 100%) 1, Group VI (weighted at 120%) - - Group VI (weighted at 150%) - - Group VI (weighted at 172.5%) - - Group VII_A (weighted at 10%) - - Group VII_A (weighted at 11.5%) - - Group VII_A (weighted at 20%) Group VII_A (weighted at 23%) - - Group VII_A (weighted at 50%) Group VII_A (weighted at 57.5%) - - Group VII_A (weighted at 100%) 7, Group VII_A (weighted at 115%) Group VII_A (weighted at 120%) - - Group VII_A (weighted at 138%) - - Group VII_A (weighted at 150%) Group VII_A (weighted at 172.5%) - - Group VII_B (weighted at 0%) - - Group VII_B (weighted at 20%) - - Group VII_B (weighted at 23%) - - Group VII_B (weighted at 50%) - - Group VII_B (weighted at 57.5%) - - Group VII_B (weighted at 100%) - - Group VII_B (weighted at 115%) - - Group VII_B (weighted at 120%) - - Group VII_B (weighted at 138%) - - Group VII_B (weighted at 150%) - - Group VII_B (weighted at 172.5%) - - Group VIII (weighted at 125%) Group IX (weighted at 100%) 5, Group IX (weighted at 115%) - - Group X (weighted at 1250%) - - Securitization Risk Grade 1 (weighted at 20%) Securitization Risk Grade 2 (weighted at 50%) - - Securitization Risk Grade 3 (weighted at 100%) - - Securitization Risk Grade 4 (weighted at 350%) - - Securitization Risk Grade 4, 5, 6 or Not qualified (weighted at 1250%) Re-Securitization Risk Grade 1 (weighted at 40%) - - Re-Securitization Risk Grade 2 (weighted at 100%) - - Re-Securitization Risk Grade 3 (weighted at 225%) - - Re-Securitization Risk Grade 4 (weighted at 650%) - - Re-Securitization Risk Grade 5, 6 or Not qualified (weighted at 1250%) - - BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 25 )

28 Risk Weighted Assets Capital requirement 2, Average requirement for market risk and credit of the last 36 months Average positive annual net income of the last 36 months 1, , BANCA MIFEL, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO FINANCIERO MIFEL. ( 26 )