Circular SINAP 1-242, OPASI 2-740: Application of the Deposit Guarantee Insurance System. Adjustments.

"2026 - YEAR OF ARGENTINE GREATNESS"
COMUNICATION “A” 8407 05/03/2026
TO FINANCIAL ENTITIES:
Ref.: Circular SINAP 1-242, OPASI 2-740: Application of the Deposit Guarantee Insurance System. Adjustments.
___________________________________________________________________________ We address you to inform you that this Institution has adopted the resolution which, in its pertinent part, provides:
“1- Establish, effective as of 04/01/26, the deposit guarantee amount at $50,000,000 (fifty million pesos) for the provisions referenced in points 5.3.1., 5.3.2., 5.3.3. and 6. of the ordered text on Application of the Deposit Guarantee Insurance System. 2- Admit the use of fixed-term deposit certificates with an outdated legend regarding the deposit guarantee amount, until they are exhausted and/or replaced by instruments bearing the new legend as established in point 1 of this communication. For the use of such outdated certificates, a clarifying stamp indicating the scope of the guarantee must be affixed or, if space is insufficient, the depositor must be notified in writing on a separate sheet (original and copy) containing the full text of the legend, which must be signed by them.” In this regard, we forward you the pages that, replacing those previously provided, should be incorporated into the ordered text of reference. In this sense, please note that on this Institution’s website www.bcra.gob.ar, under “Sections - Financial System - LEGAL AND REGULATORY FRAMEWORK - Regulations and summaries - Ordered texts of general regulations”, you will find the modifications made with text highlighted in special characters (strikethrough and bold). We remain, yours sincerely. CENTRAL BANK OF THE ARGENTINE REPUBLIC Pablo D. Montero / Marina Ongaro Manager of Regulatory Issuance, for the attention of Deputy General Manager of Financial Regulation ANEXO

The reference rates are periodically disseminated by the BCRA through Communications B, determined based on the moving average of the last five banking business days of passive rates, which for fixed-term deposits in pesos up to $50,000,000 and in foreign currency up to USD 100,000 arise from the survey conducted by the BCRA. They will also be excluded when those interest rate limits are undermined by incentives or additional remuneration.
5.2.3. Deposits by financial entities in other intermediaries, including fixed-term deposits and investments acquired through secondary market trading.
5.2.4. Deposits made by persons directly or indirectly linked to the entity, according to guidelines defined in point 1.2.2 of the Ordered Text on Large Credit Risk Exposures.
5.2.5. Fixed-term deposits of securities, acceptances, or guarantees.
5.2.6. Immobilized balances arising from deposits and other excluded operations.
5.2.7. Fixed-term deposits and investments instrumented through electronic certificates for fixed-term deposits and investments (CEDIP) that are transferred from the date on which the issuing financial entity falls under any of the circumstances provided for in Article 49 of the BCRA Organic Charter or Article 35 bis of the Financial Entities Law.
5.3. Coverage. Amount and formalities.
5.3.1. The guarantee will cover the return of deposited capital, interest, adjustments –by the Reference Stabilization Coefficient (CER) for Units of Acquiring Value deposits - Law 25.827 (UVA) and by the construction cost index for Greater Buenos Aires (ICC) for Units of Housing deposits - Law 27.271 (UVI)–, and exchange rate differences, as applicable, accrued until the date of revocation of the authorization to operate or until the date of suspension of the entity by application of Article 49 of the BCRA Organic Charter, if this measure was adopted prior thereto, without exceeding –for these concepts– $50,000,000.
That date will be considered for determining the CER and ICC for UVA and UVI deposits, respectively, as well as for determining the “Reference exchange rate” for converting foreign currency deposits to pesos, to establish the amount covered.
5.3.2. For accounts and deposits established in the name of two or more persons, the guarantee limit will be $50,000,000 regardless of the number of titleholders, with the corresponding guarantee amount distributed proportionally among them.
5.3.3. The total guaranteed to a specific person, by accumulation of accounts and deposits covered, as previously provided, shall not exceed the limit of $50,000,000.
B.C.R.A. APPLICATION OF THE DEPOSIT GUARANTEE INSURANCE SYSTEM Version: 25th COMMUNICATION “A” 8407 Effective: 04/01/2026 Page 3
5.3.4. SEDESA will reject or defer until judicial recognition a coverage claim under this guarantee regime when deposits do not meet the requirements established in applicable regulations or when depositors fail to present titles that are materially and formally valid.
5.3.5. SEDESA may require, prior to the settlement of the guarantee, that depositors justify the origin and availability of deposited funds through records demonstrating their plausibility and/or confirming the actual receipt of funds by the entity for each operation covered by the regime. Furthermore, said company must file the relevant complaint when it identifies irregularities or a criminal offense aimed at obtaining undue payment of the guarantee.
6. Documentation/Instrumentation.
In all documents representing passive operations (certificates, deposit slips, ATM receipts, account statements, etc.), the following legend must appear clearly and printed on the front or back:
“Deposits in pesos and foreign currency are covered by a guarantee of up to $50,000,000. For operations in the name of two or more persons, the guarantee will be prorated among their titleholders. In no case shall the total guarantee per person and per deposit exceed $50,000,000, regardless of the number of accounts and/or deposits. Law 24.485, Decree 540/95 and amendments, and Communication A 2337 and its amendments and complements. Excluded are those captured at rates higher than the reference rate according to limits established by the BCRA, those acquired through endorsement, and those made by persons linked to the financial entity.” In the event that any of the latter situations arise, the following legend must be clearly placed on the front of the documents:
“Deposit without guarantee”
The latter requirement shall not apply when operations are conducted through ATMs belonging to networks that enable operational interconnection of financial entities.
Entities must keep available to their clients the complete texts of Law 24.485, Decree 540/95 (updated text), and these regulations.
Furthermore, in the advertising conducted by financial entities regarding the deposits they capture, the existence of a limited guarantee for their return must be stated.
B.C.R.A. APPLICATION OF THE DEPOSIT GUARANTEE INSURANCE SYSTEM Version: 17th COMMUNICATION “A” 8407 Effective: 04/01/2026 Page 4 B.C.R.A. ORIGIN OF THE PROVISIONS CONTAINED IN THE ORDERED TEXT ON APPLICATION OF THE DEPOSIT GUARANTEE INSURANCE SYSTEM ORDERED TEXT | ORIGIN REGULATION | OBSERVATIONS | Point | Paragraph | Comm. | Annex | Point | Paragraph

1. “A” 2337 | I | 1. | 1° y 2°
2. 1° “A” 2337 | I | 2. | 1° w/ Decree 1292/96, Comm. “A” 2807, 3358, 4206, 4271, 5641 and 5943.
   2° “A” 2337 | I | 2. | 2° w/ Decree 1292/96.
3. 1° “A” 2337 | I | 3. | 1°
   3.1. “A” 2337 | I | 3.1.
   3.2. “A” 2337 | I | 3.2.
   3.3. “A” 2337 | I | 3.3.
   3.3.1. “A” 2337 | I | 3.3.1.
   3.3.2. “A” 2337 | I | 3.3.2.
4. 2° “A” 2337 | I | 3. | 2°
5. 1° “A” 2337 | I | 4. | 2° y 3° w/ Comm. “B” 5806 (8th paragraph), “A” 3068, 5710 and 5720.
   2° “A” 2337 | I | 4. | 4°
6. “A” 2337 | I | 6.
   5.1. 1° “A” 2337 | I | 6.1. | 1°
   5.1.1. “A” 2337 | I | 6.1. | i)
   5.1.2. “A” 5108
   5.1.3. “A” 2337 | I | 6.1. | ii)
   5.1.4. “A” 2337 | I | 6.1. | iii)
   5.1.5. “A” 2337 | I | 6.1. | iv) w/ Comm. “A” 5091, 5108, 5164, 5234 and 6435.
   5.1.6. “A” 2482 | 1. | 2°
   5.1.7. “B” 5806 | 3° w/ Comm. “A” 2807.
   5.2. “A” 2337 | I | 6.4. w/ Comm. “A” 2399.
   5.2.1. “A” 2337 | I | 6.4.1. w/ Comm. “A” 2399 and 7819.
   5.2.2. “A” 2337 | I | 6.3. w/ Comm. “A” 2777, 3358, 5108, 5234, 5640, 5654, 5891, 6435, 6460, 6980, 7978 and 7985. Includes interpretative clarification.
   5.2.3. “A” 2337 | IV w/ Decree 540/95, art. 12, item c) and Comm. “A” 7819.
   5.2.4. “A” 2337 | I | 6.2. w/ Comm. “A” 5520 and 6639.
   5.2.5. “A” 2337 | IV w/ Decree 540/95, art. 12, item c).
   5.2.6. “A” 2807 | 5.2.7.
   5.2.7. “A” 7819 | 2.
   5.3. “A” 2337 | I | 6. w/ Decree 540/95.
   5.3.1. “A” 2337 | I | 6.5. w/ Comm. “A” 4681, 5170, 5641, 5943, 6125, 6654, 6973, 7661, 7985 and 8407.
   5.3.2. “A” 2337 | I | 6.7. | 1° w/ Decree 540/95 and Comm. “A” 5170, 5641, 5943, 6654, 6973, 7661, 7985 and 8407.
   5.3.3. “A” 2337 | I | 6.7. | 2° w/ Decree 540/95 and Comm. “A” 5170, 5641, 5943, 6654, 6973, 7661, 7985 and 8407.
   5.3.4. “A” 2337 | I | 6.8. w/ Decree 540/95.
   5.3.5. “A” 2337 | I | 6.9.
   APLICACIÓN DEL SISTEMA DE SEGURO DE GARANTÍA DE LOS DEPÓSITOS | TEXTO ORDENADO | NORMA DE ORIGEN | OBSERVACIONES | Punto | Párrafo | Com. | Anexo | Punto | Párrafo
7. “A” 2337 | I | 7. w/ Comm. “A” 2399, 3270, 4874, 5170, 5641, 5659, 5891, 5943, 6419, 6435, 6654, 6973, 7661, 7985 and 8407. Includes interpretative clarification Decree 1292/96.
8. 1° “A” 2337 | II | 1. w/ Comm. “A” 2561.
   7.1. “A” 2337 | II | 1. w/ Comm. “A” 2561, 4040, 5369 and 5417.
   7.2. “A” 2337 | II | 2. w/ Comm. “A” 2561.
9. “A” 2807 | II y III
   8.1. “A” 2807 | II w/ Law 25.089 and Comm. “A” 6654.
   8.2. “A” 2807 | III w/ Decrees 1292/99 and 1653/15 and Comm. “A” 4206, 5816 and 6435.