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2024-04-09 | DOF 5722573

Added 2026-08-26

Resolution modifying the General Provisions applicable to the activities of Savings and Loan Cooperative Societies

The CNBV modifies the General Provisions for Savings and Loan Cooperative Societies (levels I-IV) to align with IFRS 9, introducing new definitions for credit risk metrics such as Exposure at Default and Probability of Default. The resolution establishes a new Section Five for provisioning consumption, microcredit, housing, and commercial portfolios, and updates reporting requirements, including quarterly submissions for basic-level societies and new financial statement formats. It also amends capital requirements, liquidity positions, and market risk calculations while repealing and substituting several existing articles and annexes.

Mexico

Secretaria de Hacienda y Credito Publico

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DOF: 09/04/2024

RESOLUTION modifying the General Provisions applicable to the activities of Savings and Loan Cooperative Societies

At the margin, a seal with the National Coat of Arms, which says: United Mexican States.- TREASURY.- Ministry of Finance and Public Credit.- National Banking and Securities Commission.

The National Banking and Securities Commission, based on the provisions of articles 31, first paragraph, fraction VII; 32; 34, first and second paragraphs and 70, third paragraph of the Law to Regulate the Activities of Savings and Loan Cooperative Societies; 98 Bis of the Law of Credit Institutions, as well as 4, fractions II, IV, V, XXXVI and XXXVIII and 16, fraction I of the Law of the National Banking and Securities Commission, and

CONSIDERING

That, in accordance with article 78 of the General Law for Regulatory Improvement and with the purpose of reducing the compliance cost of this modifying resolution, the National Banking and Securities Commission will use the benefits derived from the issuance of this Resolution, in addition to the "Resolution modifying the General Provisions applicable to credit institutions", published in the Official Gazette of the Federation on July 23, 2021, with the purpose of, among other things, making clarifications that generated savings in reserves for ABCD credits as well as from the "Resolution modifying the General Provisions applicable to credit institutions" published in the Official Gazette of the Federation on December 26, 2017, solely with respect to the savings derived from the impact of the regulation on entity number 33 identified as "MM";

That, during the financial crisis that began in 2008, insufficient and late recognition of credit losses was identified as one of the weaknesses in the existing accounting standards, so in July 2014, International Financial Reporting Standard 9 "Financial Instruments" (International Financial Reporting Standards or IFRS9, by its name and acronym in English) was issued, which was adopted by the Mexican Council of Financial Reporting Standards, A.C., publishing eight new Financial Reporting Standards that entered into force on January 1, 2018, and

That, based on the aforementioned Financial Reporting Standards, the National Banking and Securities Commission has undertaken to adapt the regulation applicable to entities under its supervision to the new international framework, in order to have transparent financial information comparable with other countries. Consequently, it is necessary to modify the regulatory framework applicable to Savings and Loan Cooperative Societies with operation levels I to IV, in order to incorporate updates in matters of accounting criteria, credit portfolio classification, approval, dissemination and content of financial statements, regulatory reports, as well as norms in matters of financial information disclosure, which is why it has resolved to issue the following:

RESOLUTION MODIFYING THE GENERAL PROVISIONS APPLICABLE TO THE ACTIVITIES OF SAVINGS AND LOAN COOPERATIVE SOCIETIES

SINGLE.- Articles 1, fraction XXII, XXXVIII, XLIII, LX and LXVIII; 1 Bis 1; 2, fractions VI and VII; 13, fractions I, clause e), third paragraph and II, first paragraph; 33, fraction II, second paragraph, clause b), numeral 9, subclause i), subnumeral 1), second paragraph, as well as second paragraph; 38, fraction V, clause b); 41; 44, third paragraph; 50, fraction I, third paragraph; 51; 58, fraction II, clause b); 68, fraction II, clause b); 73, fractions III, third paragraph, IV, second paragraph and VI, fifth paragraph, clause d), numeral 1, subclause i), second paragraph; 81; 84, third paragraph; 90, fraction I, third paragraph; 98, fraction II, clause b); 110, fraction II, clause b); 118, fractions III, third paragraph, IV, second and fourth paragraphs and VI, sixth paragraph, clause d), numeral 1, subclause i), second paragraph; 126; 129, third paragraph; 135, fraction I, third paragraph; 143, fraction II, clause b); 145, fraction I; 154, fractions II, clause b) and III; 164, fraction II, clause b); 174, fractions III, fourth paragraph, IV, second and fourth paragraphs and VI, seventh paragraph, clause d), numeral 1, subclause i), second paragraph; 183; 187, third paragraph; 192, fraction VI, clause c); 194, first and second paragraphs; 195, first paragraph, Series B, criterion B-1 and Series D, criteria D-1, D-2, and D-3, as well as second, fourth and fifth paragraphs; 196; 197, fractions III, IV and V; 198; 200; 202, first paragraph, as well as fractions I, second and fourth paragraphs, II, second paragraph, III, second paragraphs, clauses a), b), c) and d), fourth paragraph, and third, IV, second and third paragraphs, VI, second and third paragraphs, VII, second and third paragraphs, VIII, third, fourth and fifth paragraphs, as well as clauses e) and i); 269, fractions II and III; 302, Series R01, report A-0111, the name of Series R03 to be called "Investments in financial instruments", and its report A-0311, Series R21, report A-2113, Series R22, reports A-2211, A-2212, B-2221, B-2222, C-2231 and D-2241; 305; 307, the name of Series R03 to be called "Investments in financial instruments" and its report I-0391, Series R04, report C-0451, and Series R24, report D-2441; 308 and 310, as well as the names of the Fourth Section of Chapter III of Title Two, to be called "Final Provisions"; of Title Four, to be called "ON ACCOUNTING, VALUATION OF SECURITIES AND OTHER FINANCIAL INSTRUMENTS, FINANCIAL INFORMATION AND ITS DISCLOSURE", as well as its Chapter II to be titled "On the valuation of Securities and other financial instruments"; Articles 1 are ADDED with fractions I Bis, VI Bis, IX Bis, XXXIII Bis 1, XXXVIII Bis, LVI Bis, LVI Bis 1, LVI Bis 2, LVI Bis 3, LXVI Bis; 16 Bis; Title Three, Chapter II with a Fifth Section called "On the provisioning of credit portfolios for consumption, productive microcredits, housing and commercial" which comprises articles 189 Bis, 189 Bis 1, 189 Bis 2, 189 Bis 3, 189 Bis 4, 189 Bis 5, 189 Bis 6, 189 Bis 7, 189 Bis 8, 189 Bis 9, 189 Bis 10, 189 Bis 11, 189 Bis 12, 189 Bis 13, 189 Bis 14 and 189 Bis 15; articles 195, Series C with a criterion C-3, as well as with a sixth paragraph; 197, with a fraction VI; 197 Bis; 200 Bis; 200 Bis 1; 200 Bis 2; 202 Bis and 202 Bis 1; 307, Series R04, item "Detailed information" with reports C-0452, C-0453, C-0454 and C-0455, Series R10 with its reports A-1011 and A-1012, Series R12 with its reports A-1219 and A-1220 and Series R13 with its reports A-1311, A-1316, B-1321 and B-1322; as well as Annex C Bis 2; Articles 184; 195, Series B, criterion B-2 and Series C, criteria C-1 and C-2, as well as 199; 202, fraction III, fourth paragraph; 307, Series R04, report I-0453, Series R24, report D-2442; are REPEALED; and Annexes A, B, C, C Bis, C Bis 1, E, F, J, M, Ñ, T and U of the General Provisions applicable to the activities of Savings and Loan Cooperative Societies, published in the Official Gazette of the Federation on June 4, 2012 and last modified by resolution published in that medium of dissemination on December 27, 2023, are SUBSTITUTED, to read as follows:

" INDEX

TITLE

FIRST

. . .

TITLE SECOND

. . .

Chapters I and II . . .

Chapter III

. . .

Sections First to Third

. . .

Fourth Section

Final Provisions

TITLE THIRD

. . .

Chapter I . . .

Chapter II

. . .

Sections First to Fourth . . .

Fifth Section

On the provisioning of credit portfolios for consumption, productive microcredits, housing and commercial

Chapter III . . .

TITLE FOURTH

ON ACCOUNTING, VALUATION OF SECURITIES AND OTHER FINANCIAL INSTRUMENTS, FINANCIAL INFORMATION AND ITS DISCLOSURE

Chapter I . . .

Chapter II

On the valuation of Securities and other financial instruments

Chapters III to V

. . .

TITLES FIFTH to EIGHTH . . .

List of Annexes

ANNEX A

3-Year Financial Projections on the statement of financial position and the statement of comprehensive income

ANNEX B

Format of the statement of financial position and the statement of comprehensive income

ANNEX C

Procedure for the classification and establishment of preventive estimates for consumption credits, housing and productive microcredits

ANNEXES C Bis and C Bis 1 . . .

ANNEX C

Bis 2 Standard adjustment factors for financial guarantees

ANNEX

. . .

ANNEX E

Accounting criteria for Savings and Loan Cooperative Societies

ANNEXES F to I . . .

ANNEX J

Mapping of ratings and risk grades

ANNEXES K to U . . . "

" Article 1.-

. . .

I Bis.

High Investment Grade, to the Rating granted by any Rating Agency, which is located

within Risk Grade 1 on a global scale for long term, and Risk Grades 1 and 2 on

global scale for short term, in accordance with what is established in the corresponding tables for

short and long term of Annex J.

II. to VI.

. . .

VI Bis.

Ratings, singular or plural, to the credit risk evaluations issued by the

Rating Agencies.

VII to IX.

. . .

IX Bis.

Unified Circular of Banks, to the General Provisions applicable to credit institutions.

X to XXI.

. . .

XXII.

Accounting Criteria or Accounting Standards, to the accounting criteria for the Societies

Cooperative Savings and Loans referred to in Title Four, Chapter I and contained in

Annex E, both of these provisions.

XXIII. to XXXIII Bis.

. . .

XXXIII Bis 1.

Exposure at Default (EAD), to the expected position, gross of reserves, of the credit operation

if the debtor defaults. The Exposure at Default cannot be lower than the

disposed amount of the operation at the time of calculating the capital requirement.

XXXIV. to XXXVII.

. . .

XXXVIII.

Investment Grade, to the Rating granted by any Rating Agency, which is located within

Risk Grades 2 and 3 on a global scale for long term, and Risk Grade 3 on

global scale for short term, in accordance with what is established in the corresponding tables for

short and long term of Annex J of these provisions.

XXXVIII Bis.

Risk Grade, singular or plural, to the risk grades indicated in the tables of

correspondence of ratings and risk grades, for long term and for short term, both for the scale

global as for the local Mexico scale, included in Annex J of these provisions.

XXXIX. to XLII.

. . .

XLIII.

Rating Agencies or Securities Rating Agencies, singular or plural to the

Securities Rating Agencies included in Annex J of these provisions. Also

Rating Agencies will be considered those that, according to the criteria contained

in these Provisions, the Commission makes known on the site http://www.cnbv.gob.mx .

XLIV to LVI.

. . .

LVI Bis.

Preferred Positions, to the credit portfolio and the securities that, for the purpose of payment precedence, have

priority over other creditors of the debtor.

LVI Bis 1.

Subordinated Positions, to the credit portfolio and the securities that, for the purpose of their payment precedence,

are situated behind other creditors of the debtor.

LVI Bis 2.

Probability of Default (PD), to the probability that a borrower does not comply with its

payment obligations on time and in due form

LVI Bis 3.

Provider of Protection, to the persons referred to in Groups 1, 2 and 3 described in section

V, Annex C of these provisions.

LVII. to LIX.

. . .

LX.

Internet Service, to the Electronic Service carried out through the Internet, at the site corresponding

to one or more domains of the Society, including access via the WAP protocol or any

equivalent.

LXI to LXVI.

. . .

LXVI Bis.

Loss Given Default (LGD), to the loss in case of default expressed as a percentage of

the Exposure at Default, once the value of the guarantees and the costs

associated with realization processes (judicial, administrative collection and deed preparation,

among others) are taken into account.

LXVII.

. . .

LXVIII.

Society or Savings and Loan Cooperative Society, to the Savings and Loan Cooperative

Societies with operation levels I to IV, referred to in article 2, fraction X of the Law.

LXIX to LXXXI

. . . "

" Article 1 Bis 1.- Savings and Loan Cooperative Societies with Basic Operation Level must make

known to their Partners, through notices placed in a visible place in their branches, their statement of financial

position and their statement of comprehensive income with figures as of March, June, September and December of the exercise in question,

as well as their notes, within April, July, October and January of each social exercise, as applicable.

Likewise, Savings and Loan Cooperative Societies with Basic Operation Level must present

quarterly to the Auxiliary Supervision Committee, by electronic means, their approved statement of financial position and their statement of

comprehensive income by their Board of Directors, in the months of April, July, October and January of each

social exercise, with figures as of March, June, September and December, as applicable, using for this purpose the formats

contained in the "Instructions for delivering information for Savings and Loan Cooperative Societies with Basic

Operation Level", contained in Annex U of these provisions.

. . .

Additionally, Savings and Loan Cooperative Societies with Basic Operation Level must deliver

to the Auxiliary Supervision Committee, semi-annually and in printed form, the statement of financial position and the statement of

comprehensive income prepared in accordance with what is established in the "Instructions for delivering information for

Savings and Loan Cooperative Societies with Basic Operation Level" contained in Annex U of the

present provisions, signed by the President of the Board of Directors and the Director or General Manager, with

figures as of June and December of each year, within the month immediately following the date thereof. "

" Article 2.- . . .

I. to V.

. . .

VI.

In the case of a newly created society, a 3-year projection on the statement of financial position and the

statement of comprehensive income, which must be presented in the format contained in Annex A of these

provisions.

. . .

VII.

Savings and Loan Cooperative Societies that on the date of presentation of the application for

authorization are operating, must accompany their application with their statement of financial position, as well

as their statement of comprehensive income, the latter for the period between January 1 of the year that

corresponds and the date of preparation of the statement of financial position. The aforementioned documents must

be presented in accordance with the format contained in Annex B of these provisions. The

age of the aforementioned documents cannot exceed one year with respect to the date of presentation

of the respective authorization request and must be duly audited by an external auditor at their

cost.

The financial statements referred to in the previous paragraph must be integrated in accordance with the

Accounting Standards. Likewise, for the preparation of said financial statements, Savings and Loan Cooperative

Societies must have a bank appraisal of their real estate, which must not

have an age greater than one year from the date of presentation of the authorization request referred to in the

first paragraph

of this fraction. The amount thus determined will be considered as the cost of

acquisition of said assets for the purposes of the financial statements referred to in this paragraph. The

commercial value provided by said appraisal will be considered as the acquisition cost of said assets for

purposes of the financial statements referred to in this paragraph. In order to separate the value of the land from the

constructions, the proportion that each of these factors bears to the physical appraisal will be considered.

The financial statements that the Society must have at the time of starting operations must reflect,

in accordance with the Accounting Standards, the financial effects and operations carried out between the date of the

presentation of the respective authorization request and the date of commencement of operations.

Savings and Loan Cooperative Societies must recognize within an item called "Effect

by incorporation into the Savings and Loan Cooperative Society regime", the net effect on the capital

accountable of the Savings and Loan Cooperative Societies by the application of the Accounting Standards.

. . .

Regarding this, Savings and Loan Cooperative Societies must present information regarding the

adjustments resulting from the initial application of the Accounting Standards. For these purposes, they must reveal in

a clarifying note, which will be an integral part of their financial statements, a comparative table in

which the following elements are included:

The items of the statement of financial position that will be affected by the initial application of the

Accounting Standards, with the figures that the society would show prior to the application of said

criteria.

The adjustments made to each of the aforementioned items, as well as their total effect on the item called

"Effect by incorporation into the Savings and Loan Cooperative Society regime".

The figures of said items once the adjustments derived from the recognition of the criteria

mentioned above are included.

A detailed explanation of the differences between the accounting treatment the society

had been applying and the corresponding accounting criterion, with respect to each of the items by which

the accounting effect was made, as a result of the initial application of the Accounting Standards.

. . .

VIII. to X.

. . .

. . . "

" Article 13.-

. . .

a) to d)

. . .

Regarding the reference rates provided for in numerals i) and ii), the term of the

TIIE, if applicable, or of the CETES to which the rate of the Credits is referenced, must be indicated.

f) to h)

. . .

II.

Investments in financial instruments authorized by the Law.

a) to c) . . .

III. and IV.

. . . "

" Fourth Section

Final Provisions "

" Article 16 Bis-

Savings and Loan Cooperative Societies may assign credit portfolios, through

trusts whose purpose is the issuance of securities against the trust estate constituted by the assets of the

assigned credit portfolio. "

" Article 33.-

. . .

II.

. . .

to 8. . . .

. . .

The Societies, in their credit manuals, must provide that appraisals

are prepared in terms of what is established by the Law of Transparency and of

Promotion of Competition in Guaranteed Credit and in accordance with what is

established in Annex C Bis 1, Section VI of these provisions.

and 3)

. . .

ii) and iii)

. . .

to 12. . . .

c) and d)

. . .

Credits that, as a result of permanent monitoring or having fallen into a credit portfolio with

stage 3 credit risk, will presumably have recovery problems, must be subject to an exhaustive evaluation, with

the aim of determining in a timely manner the possibility of establishing new terms and conditions that increase their

probability of recovery.

. . .

. . . "

" Article 38.-

. . .

I. to IV.

. . .

The status of the credit portfolio with stage 3 credit risk and the results of the

recovery process.

c) to e)

. . .

VI. to VIII.

. . . "

" Article 41.- Savings and Loan Cooperative Societies must classify and establish preventive

estimates for credit risks corresponding to their credit portfolio, in accordance with the methodology established

in Section Five of this Chapter. "

" Article 44.-

. . .

The Societies must maintain a position of at least equivalent to 10% of their short-term liabilities,

invested in demand deposits, as well as in bank securities, government securities or in cash and equivalents of

cash, whose maturity term is equal to or less than 30 days.

. . . "

" Article 50.-

. . .

Without limitation of what is established in this section, the groups in which the operations

exposed to credit risk are classified, will be integrated by the operations in national currency and in UDIS that are

specified in this fraction, as applicable, as follows: i) deposits and financial instruments include the respective accrued interests; ii) credit operations will be understood

in their broadest sense and will include the taking of immediate collection documents, stage 1, 2 and 3 portfolio;

loans to personnel; refinancing and capitalization of interest; guarantees, accrued interest, and

accrued commissions and premiums, and iii) investments charged to the reserve fund for pension

of personnel and seniority premiums, will be considered as another investment in the group to which they correspond.

II. and III.

. . .

Article 51.- The capital requirement for market risk will be that obtained by applying 1% to the total amount

resulting from the sum of the credit portfolio granted by the Societies, net of the corresponding preventive

estimates for credit risks, the total of the financial instruments and the balance of debtors by repo,

observing for this purpose the Applicable Accounting Standards. "

" Article 58.-

. . .

II.

. . .

Follow up on its evolution and possible deterioration with the purpose of anticipating potential losses,

as well as analyzing the recovery value of the credit portfolio with stage 3 credit risk and

estimate the expected loss.

III.

. . .

. . . "

" Article 68.- . . .

. . .

The status of the credit portfolio with stage 3 credit risk and the results of the process of

recovery.

c) to e)

. . .

III. to V.

. . . "

" Article 73.- . . .

I. and II.

. . .

III.

. . .

Evaluations must be more frequent regarding credits classified as stage 3 credit risk portfolio, or with respect to which the agreed terms and

conditions have not been fully met.

IV.

. . .

. . ."

Credits that, as a result of permanent monitoring or having fallen into Stage 3 credit risk portfolio, will predictively have recovery problems, must be subject to a comprehensive evaluation, in order to timely determine the possibility of establishing new terms and conditions that increase their probability of recovery.

...

VI.

...

a) to c)

...

The Societies, in their credit manuals, must provide that appraisals be prepared in terms of what is provided by the Law of Transparency and Promotion of Competition in Secured Credit and in accordance with what is established in Annex C Bis 1, Section VI of these provisions.

ii) and iii)

...

and 3. ...

e) to g)

...

" Article 81.- Savings and Loan Cooperative Societies must qualify and constitute preventive estimates for credit risks corresponding to their credit portfolio in accordance with the methodology established in the Fifth Section of this Chapter. "

" Article 84.-

...

The Societies must maintain a position of at least equivalent to 10% of their short-term liabilities, invested in demand deposits, as well as in bank securities, government securities, or in cash and cash equivalents, whose maturity term is equal to or less than 30 days.

...

" Article 90.- ...

...

i) deposits and financial instruments include the respective accrued interests; ii) credit operations will be understood in their broadest sense and will include the taking of immediate collection documents, Stage 1, 2 and 3 portfolio; loans to personnel; refinancing and capitalization of interest; guarantees, accrued interest, and accrued commissions and premiums, and iii) investments charged to the pension reserve fund for personnel and seniority premiums, will be considered as another investment in the group to which they correspond.

II and III.

...

" Article 98.-

...

II.

...

Follow up on their evolution and possible deterioration, with the purpose of anticipating potential losses, as well as analyzing the recovery value of the Stage 3 credit risk portfolio and estimating the unexpected loss.

c) and d)

...

III.

...

" Article 110.- ...

...

II.

...

The status of the Stage 3 credit risk portfolio and the results of the recovery process.

c) to e)

...

III. to V.

...

" Article 118.- ...

I. and II.

...

III.

...

Evaluations must be more frequent for credits classified as Stage 3 credit risk portfolio, or for those in which the agreed terms and conditions have not been fully met.

IV.

...

The recovery functions for Stage 3 credit risk portfolio and in judicial collection process, must be performed by an area independent of the business areas.

...

VI.

...

a) to c)

...

ii) and iii)

...

and 3.

...

e) to g)

...

" Article 126.- Savings and Loan Cooperative Societies must qualify and constitute preventive estimates for credit risks corresponding to their credit portfolio, in accordance with the methodology established in the Fifth Section of this Chapter. "

" Article 129.-

...

" Article 135.- ...

...

Without limitation of what is established in this section, the groups in which operations exposed to credit risk are classified, will be integrated by operations in national currency and UDIS that are specified in this fraction, as applicable, as follows: i) deposits and investments in financial instruments to the respective accrued interests; ii) credit operations will be understood in their broadest sense and will include the taking of immediate collection documents, Stage 1, 2 and 3 portfolio; loans to personnel; refinancing and capitalization of interest; guarantees, accrued interest, and accrued commissions and premiums; iii) investments charged to the pension reserve fund for personnel and seniority premiums, will be considered as another investment in the group to which they correspond, and iv) to determine the accredited person and the currency of the operation, the characteristics of the financing granted through the discount operation, in the portfolio taken at discount with the responsibility of the assignor, will be considered, and the characteristics of the credit object of the discount in the portfolio transfer operations with the responsibility of the assignor (discounted titles with endorsement) will be considered.

II. to III.

...

" Article 143.-

...

II.

...

c) and d)

...

III.

...

" Article 145.- ...

Evaluate and follow up on financial instruments, using for such effect the value at risk models that have the capacity to measure the potential loss in these positions, associated with price or interest rate movements, with a given probability level and over a specific period.

II. to VIII

...

" Article 154.- ...

...

II.

...

Risk factors such as interest rates and price indices, considering their impact on the capital value and the comprehensive income statement of the Society.

c) to e)

...

III.

Evaluate the risk associated with assets, liabilities, and off-balance sheet positions of the Society.

...

" Article 164.- ...

...

II.

...

The status of the Stage 3 credit risk portfolio and the results of the recovery process.

c) to e)

...

III. to V.

...

" Article 174.-

...

I. and II.

...

III.

...

Evaluations must be more frequent for credits classified as Stage 3 credit risk portfolio, or for those in which the agreed terms and conditions have not been fully met.

IV.

...

The recovery functions for Stage 3 credit risk portfolio and in judicial collection process, must be performed by an area independent of the business areas.

...

VI.

...

a) to c)

...

ii) and iii)

...

and 3.

...

e) to g)

...

" Article 183.-

Savings and Loan Cooperative Societies must qualify and constitute preventive estimates for credit risks corresponding to their credit portfolio, in accordance with the methodology established in the Fifth Section of this Chapter. "

Article 184.- (Repealed) "

" Article 187.-

...

" Fifth Section

On the provisioning of consumer credit portfolios, productive microcredits, housing and commercial

Article 189 Bis.- Savings and Loan Cooperative Societies must qualify, constitute and register preventive estimates for credit risks corresponding to their consumer credit portfolio, Productive Microcredits and housing in accordance with the methodology established in Annex C of these provisions in accordance with the type of credit that corresponds.

Article 189 Bis 1.- Savings and Loan Cooperative Societies must qualify, constitute and register preventive estimates for credit risks corresponding to their commercial credit portfolio granted to legal entities and natural persons with business activity, as well as liquidity loans granted to other Societies, in accordance with what is established in article 10, fraction I, subsection h) of these provisions, in accordance with the methodologies established in this Section.

Article 189 Bis 2.- Savings and Loan Cooperative Societies must qualify and constitute the preventive estimates corresponding to their commercial credit portfolio, with figures as of the last day of each calendar month, for which they must classify from their initial recognition the entire commercial credit portfolio into credit risk stages, depending on the increase in credit risk that they evidence, based on the number of days of delay or default elapsed from the day of the exigibility of the first amortization of the credit that has not been covered by the accredited person as of the date of the qualification, according to the following table:

Credit Risk Stage

Days of delay / default

Stage 1

For credits that present days of delay less than or equal to 30 days.

Stage 2

For credits that present a delay of 31 and up to 89 days.

Stage 3

For credits that present 90 or more days of delay or when the credit is in Stage 3 according to the terms established in these provisions and in Accounting Criterion B-4 "Credit Portfolio" of Annex E.

For the purpose of counting the days of delay, Savings and Loan Cooperative Societies must consider natural days.

Savings and Loan Cooperative Societies that have any element to determine that a credit must migrate from Stage 1 to Stage 2, or from Stage 1 to Stage 3, or from Stage 2 to Stage 3, may do so without the need to comply with what is indicated in the previous table, for which they must have defined and formalized the criteria under which such migration can be carried out within their policies and procedures manuals, as well as their risk manuals and always that these criteria are applied consistently.

Savings and Loan Cooperative Societies must document in a register or log the migration of stages based on the aforementioned criteria, including as a minimum the identification of the personnel responsible for the approval, the criterion under which the migration was made, as well as the date from which the migration was made.

The Commission may order Savings and Loan Cooperative Societies to rectify the reserves constituted in accordance with the above, when in its judgment the policies and procedures corresponding to what is indicated in this article, are not applied consistently, or these do not reflect the difference between the observed credit deterioration and that identified by Savings and Loan Cooperative Societies.

Credits granted by Savings and Loan Cooperative Societies, which are in Stage 3 and which have been subject to restructuring or renewal, must consider their stay within the mentioned stage, as long as there is no evidence of sustained payment and they may migrate to a lower risk stage, provided that what is established in Accounting Criterion B-4 "Credit Portfolio" of Annex E of these provisions is complied with.

Article 189 Bis 3.- Savings and Loan Cooperative Societies will qualify, constitute and register in their accounting the preventive reserves for each of the credits in their commercial credit portfolio using, for such effect, the balance of the debt corresponding to the last day of the month, adjusting to the methodology and information requirements established as follows:

For those credits classified in Stage 1 or 3 in accordance with what is provided in article 189 Bis 2 of these provisions, the percentage that will be used to determine the reserves to be constituted for each credit will be the result of multiplying the Probability of Default by the Loss Severity by the Exposure at Default:

Where:

= Amount of reserves to be constituted for the i-th credit that is in Stage 1 or 3, as applicable.

= Probability of default of the i-th credit.

= Loss Severity of the i-th credit.

= Exposure at Default of the i-th credit.

II.

For those credits classified in Stage 2 in accordance with what is provided in article 189 Bis 2 of these provisions, the lifetime reserve estimate will be determined in accordance with the following formula:

Where:

= Amount of reserves to be constituted for the i-th credit that is in Stage 2.

Probability of Default of the i-th credit.

Loss Severity of the i-th credit.

Exposure at Default of the i-th credit.

Annual interest rate of the i-th credit charged to the client. This variable must be expressed to five decimals and always be greater than zero.

In cases where the annual interest rate is equal to zero, a fixed value of 0.00001 % must be used.

Remaining term of the corresponding credit, number of years that, according to what is established contractually, remains to liquidate the credit as of the date of portfolio qualification, calculated as follows:

In cases where the contractual term of the credit has ended and there is still a remaining balance, the minimum horizon to consider will be an annual horizon.

For revolving credits, the remaining term for the i-th credit will correspond to the review term of the line granted to the accredited person; in case the Society does not have this information, the minimum term to be used will be 2.5 years.

The reserve amount for credits in Stage 2 will be the result of applying the following formula:

Article 189 Bis 4.- Savings and Loan Cooperative Societies must assign a Probability of Default ( PI i ) of 100 % to the accredited person in the following cases:

When the accredited person has any credit with the Society that is in Stage 3.

II.

When it is probable that the debtor will not fulfill all of its credit obligations before the Society, updating such assumption when:

The Society considers that there could be signs of deterioration for any of the credits owed by the debtor, or

The Society has filed for the commercial bankruptcy of the debtor, or the latter has requested it.

III.

If the Savings and Loan Cooperative Society has omitted for three consecutive months to report to the Credit Information Society any credit of the accredited person or, when the information of any credit of the accredited person related to the balance and payment behavior that must be sent to said society is outdated.

Article 189 Bis 5.- Savings and Loan Cooperative Societies, except for what is provided in article 189 Bis 4 of these provisions, will estimate the Probability of Default of each credit ( PI i ) considering their own payment experience, according to the following table:

Where:

Maximum number

of delays

presented in the

last 4 months

considering the

month of

qualification (month

closure)

(Calculated on the

date of

qualification).

Where:

ATR t-n : Number of delays observed as of the qualification date , where " t-0 " corresponds to

the date of qualification, and

" t-n " corresponds to " n " monthly periods prior to the date of qualification (month closure), which the societies

will calculate as follows:

When days of delay as of qualification date t-n is equal to 0, ATR t-n will take the value of 0.

The calculation must be made considering all exposures of the accredited person with the Society.

Days of Delay : Number of natural days as of the qualification date (month closure), during which the accredited person

has not fully liquidated the amount due

in the terms originally agreed. This variable must be

expressed with a number greater than or equal to zero.

Amount Due : Amount that corresponds to be covered by the accredited person in the agreed period. The amount due must

consider both the amount corresponding to the agreed period, as well as the amounts due from previous periods not

paid, if any.

Average days

of default of all

credits of the

accredited person

(Calculated on the

date of

qualification)

(month closure).

Where:

: Sum of the number of days of delay of the i-th credit of the accredited person in consideration.

n: Number of credits of the accredited person in consideration.

Article 189 Bis 6.- For the determination of the PI i

in factoring operations, Savings and Loan Cooperative

Societies will identify who bears the credit risk; for such purposes, the factor who transmits to

the Society the credit rights that he has in his favor to the own factorating Society and the subject obliged to the payment of the credit rights corresponding will be considered. In this sense:

The PI i corresponds to the subject obliged to the payment of the credit rights, depending on the group to which he belongs

according to what is established in article 189 Bis 5 of these provisions.

II.

The PI i

of the subject obliged with respect to the credit rights may be substituted by the PI i

of the factor, when it is

agreed the joint obligation of this in the document that formalizes the factoring operation.

III.

Only credit rights that are not subject to conditions or controls by which the debtor could oppose their payment may be considered.

In cases where the subject obliged to payment is not an accredited person of the Society to determine the PI i in factoring operations, they must calculate it in accordance with what is established in article 112 of the Single Circular of Banks.

Article 189 Bis 7.- The Loss Severity ( SP i ) for credits in the commercial credit portfolio that lack guarantee coverage, will be as follows:

For credits that are in stages 1 and 2, the value of the Loss Severity will be equal to 55

(fifty-five) %.

II.

For credits classified in Stage 3, the value of the Loss Severity

will be assigned according to the

following table:

Months elapsed since

the classification

of the credit in Stage 3

SP i

(Loss Severity)

Up to 3 months

55 %

Greater than 3 and up to 6

months

62 %

Greater than 6 and up to 9

months

69 %

Greater than 9 and up to 12

months

72 %

Greater than 12 and up to 15

months

77 %

Greater than 15 and up to 18

months

79 %

Greater than 18 and up to 21

months

82 %

Greater than 21 and up to 24

months

84 %

Greater than 24 and up to 27

months

90 %

Greater than 27 and up to 30

months

93 %

Greater than 30 and up to 33

months

95 %

Greater than 33 and up to 36

months

97 %

Greater than 36 months

100 %

Article 189 Bis 8.- The Exposure at Default of each credit (EI i ) will be equal to the outstanding balance of the

i-th credit

as of the date of qualification, which represents the amount of credit effectively granted to the accredited person, adjusted by the

accrued interest, minus the principal and interest payments, as well as the write-offs, forgiveness, bonuses and

discounts that have been granted.

The amount subject to qualification must not include the accrued interest not collected recognized in off-balance sheet accounts

of credits that are in Stage 3.

Article 189 Bis 9.- When Savings and Loan Cooperative Societies in their commercial portfolio credits

have guarantees that comply with what is provided in Annex C Bis 1 of these provisions, they may recognize them

for the purpose of reducing the preventive estimates of the credit or credits in question, considering the following:

Take the necessary measures so that the guarantee can be executed and adjudicated at the moment when they are

placed in Stage 3 in accordance with what is established in article 189 Bis 2 of these provisions. In

case that the management for the execution of the guarantee does not begin within the 120 days following the

transfer of the credit to Stage 3, Savings and Loan Cooperative Societies must cease to recognize the

coverage provided by said guarantee and will assign the corresponding preventive estimates in accordance with what is provided in this section.

II.

They may consider a guarantee, provided that guarantees granted reciprocally between the

persons who, in turn, guarantee the payment of the credit in question are excluded.

III.

Savings and Loan Cooperative Societies, in no case may simultaneously take guarantees in

Coverage Schemes for Step and Measure or First-Loss Coverage Schemes, financial and non-financial guarantees from the same guarantor.

IV.

Savings and Loan Cooperative Societies shall take into account the coverage of the guarantee, the manner in which such guarantee was structured, and its ease of execution, considering other direct and contingent obligations of the guarantor, surety, or joint obligor, where applicable.

The exposed portion shall retain the preventive estimates corresponding to it.

VI.

In any case, Savings and Loan Cooperative Societies may opt not to recognize guarantees if doing so results in higher reserves.

VII.

Guarantees must be duly constituted in the form and terms established in the applicable legal provisions.

VIII.

Upon receiving guarantees whose validity is subject to the fulfillment of terms and conditions by the creditor Society of the guarantee, and if these are not fulfilled, the guarantee shall not be taken into account for the purpose of reducing preventive provisions for credit risk.

Article 189 Bis 10.- Savings and Loan Cooperative Societies, when calculating preventive provisions for credit risk, may adjust the value of the Loss Severity considering guarantees constituted with payment means of immediate liquidity that comply with what is established in Annex C Bis 1, item I, in accordance with the following:

The Loss Severity adjusted by guarantees constituted with payment means of immediate liquidity (SP*) corresponds to:

Where:

SP i * =

Loss Severity of the i-th position adjusted by guarantees constituted with payment means of immediate liquidity.

SP i =

As per Article 189 Bis 7 of these provisions.

EI i * =

Exposure to Default of the i-th credit after risk coverage determined in accordance with what is described in fraction II of this article for the recognition of financial guarantees referred to in Annex C Bis 1 of these provisions. Savings and Loan Cooperative Societies shall continue calculating the Exposure to Default without taking into account the coverage through said guarantee, unless otherwise specified in these provisions.

EI i =

Exposure to Default of the i-th credit, as indicated in Article 189 Bis 8 of these provisions.

II.

Savings and Loan Cooperative Societies shall determine a risk-adjusted value of their exposures (EI*).

For this purpose, Savings and Loan Cooperative Societies shall apply the following formula:

Where:

EI* =

Risk-adjusted value of exposures.

EI =

Exposure to Default as indicated in Article 189 Bis 8 of these provisions.

C =

Book value of the guarantee constituted with payment means of immediate liquidity that covers the operation.

Hfx =

8% in case of different denomination between the currencies of the exposure amount and the guarantee received, and 0 (zero)% in any other case.

Hc =

Adjustment factor corresponding to the guarantee constituted with payment means of immediate liquidity received, in accordance with what is stated in Annex C Bis 2 of these provisions and in the following paragraph.

When the admissible guarantees for a given operation are constituted by a basket of assets, the adjustment factor (Hc) of the above formula shall be determined as the weighted average of the individual factors corresponding to each of the assets that make up the basket in question, in accordance with the following:

Where:

H c =

Adjustment factor for admissible guarantees constituted by a basket of assets.

a i =

Weighting of the "i" title or instrument integral to the portfolio.

H i =

Adjustment factor corresponding to said asset "i", as stated in Annex C Bis 2 of these Provisions.

Article 189 Bis 11.- Savings and Loan Cooperative Societies, when calculating preventive provisions for credit risk, may adjust the value of the Loss Severity considering non-financial guarantees that comply with what is established in items II and III of Annex C Bis 1 of these provisions.

Savings and Loan Cooperative Societies may obtain an effective Loss Severity (SP i **) according to the following methodology:

The effective Loss Severity (SPi**) for the i-th credit shall be determined by comparing the coefficient C i GNF with the minimum admissible coverage level (C*) and the over-coverage level (C**); as well as by the type of non-financial guarantee in question or other assimilable instruments in accordance with the following table:

Effective Loss Severity for Preferred Positions

Type of non-financial guarantee or assimilable instrument

(C*) Minimum admissible coverage level

(C**) Over-coverage level to recognize a lower SP

(SP i ) Effective Loss Severity corresponding to C

Receivables including fiduciary rights

125%

35%

Commercial and residential real estate

30%

140%

35%

Movable property and others

30%

140%

40%

Guarantee or administration trust, or both, in all cases with Own Income as a source of payment

100%

200%

10%

II.

The coefficient C i GNF for the i-th credit shall be the result of dividing the value of the non-financial guarantee received by the estimated exposure to default according to the expression indicated below:

Where:

= Coefficient of the non-financial guarantee for the i-th credit.

C i =

Value of the non-financial guarantee, which must correspond to the last available valuation of said guarantee.

In the case of real estate or movable property, a value that does not exceed the current reasonable value of the guarantee shall be considered, in the terms of Annex C Bis 1 of these provisions. In the event of having two or more guarantees of the same type, the value of these shall be considered jointly.

In the case of own income assigned to an administration and source of payment trust or any other type of legal instrument that fulfills the same purposes, the committed amount of the next 12 months shall be considered. In the event that the trust has a reserve account that acts as backing for the payment of the corresponding credit, this shall be added to the aforementioned annual amount.

EIE i =

Estimated Exposure to Default of the i-th credit.

When the EIE i is guaranteed with participations in own income assigned to an administration and source of payment trust or any other type of legal instrument that fulfills the same purposes, it shall be considered as the estimated debt flow of the next 12 months (including principal and interest).

In the event that the debt is directly or indirectly related to a variable rate and does not have any interest rate hedging mechanism, the estimated annual debt flow shall be multiplied by 110 (one hundred ten) %.

III.

For the purpose of determining the applicable SPi**, non-financial guarantees shall only be considered when they comply with the requirements of Annex C Bis 1 of these provisions and the coefficient C i GNF is greater than or equal to C*, that is, when said coefficient reaches or exceeds the minimum admissible coverage level.

IV.

For each type of guarantee, the SPi** and the levels C* and C** established in the table contained in fraction I of this article shall be used.

The operation shall be directly assigned the SPi** related to the type of guarantee, when the coefficient C i GNF is greater than or equal to C**, that is, when said coefficient reaches or exceeds the over-coverage level.

VI.

For credits whose coefficient C i GNF is between the levels C* and C**, the following shall apply:

For each credit, the fully covered portion shall be identified by dividing the value of the non-financial guarantee by the level C** corresponding to the type of non-financial guarantee (C i / C**), in accordance with the table contained in fraction I of this article. To this covered portion, the SP i ** associated with the referred level C** shall be assigned.

The exposed portion shall be obtained by subtracting from the EIEi the fully covered portion determined in accordance with the previous subsection a). To this portion, an SPi shall be assigned in accordance with Article 189 Bis 7 of these provisions.

VII.

Operations where C i GNF is less than C* shall be assigned an SPi** equal to the result of applying what is established in Article 189 Bis 7 of these provisions.

When guarantees granted by financial entities are received, whose validity is subject to the fulfillment of terms and conditions by the creditor Society of the guarantee and these are not fulfilled, the guarantee shall not be taken into account for the purposes of what is established in this article.

Article 189 Bis 12.- Savings and Loan Cooperative Societies shall use the same Probability of Default (PD) for all credits of the same borrower.

In the event of joint obligors or guarantors, Savings and Loan Cooperative Societies shall apply the following criteria:

In the event of a single joint obligor or guarantor who responds for the entirety of the borrower's responsibility, the Probability of Default of the borrower may be replaced by that of the joint obligor or guarantor, obtained in accordance with the methodology corresponding to said obligor.

II.

In the event that there are 2 or more guarantors who individually respond for the entirety of the borrower's responsibility, for the substitution, the Probability of Default of the borrower shall be considered, that which results as the lower among the Probabilities of Default of the obligors, after following the procedure indicated in fraction I of this article.

III.

Savings and Loan Cooperative Societies may recognize the protection of guarantors who cover part of the credit balance, employing the following procedure:

The portion covered by each of the guarantors and the exposed portion of the credit shall be identified.

The reserves of the portion covered by each of the guarantors shall be determined using the Probability of Default obtained in accordance with the previous fraction I.

The reserves of the exposed portion shall be determined using the Probability of Default and the Loss Severity of the borrower, in accordance with this section.

In cases where the Society does not have information to determine the probability of default of the joint obligor or guarantor, they shall calculate it in accordance with what is established in Article 112 of the Single Banking Circular.

Article 189 Bis 13.- In the event that Savings and Loan Cooperative Societies have Step and Measure Coverage Schemes or First-Loss Coverage Schemes for a commercial credit or for a portfolio of identified commercial credits with similar characteristics, only persons contained in groups 1, 2, and 3 indicated in Annex C, item V, of these provisions shall be recognized, for the purpose of portfolio classification, applying the following procedure:

Savings and Loan Cooperative Societies that are beneficiaries of a Step and Measure Coverage Scheme shall constitute the amount of preventive provisions applying the following procedure:

They shall constitute the amount of preventive provisions for the exposed portion of the credit resulting from the application of the following formula:

Where:

R PaMed_i =

Amount of reserves to be constituted for the i-th covered credit.

Reservas Etapa Z i =

Amount of reserves to be constituted in accordance with Article 189 Bis 3 of these provisions, where Z corresponds to the credit risk stage 1, 2, or 3 depending on whether it is the i-th credit.

% Cob PaMed_i =

Percentage covered according to the Step and Measure Coverage Scheme contract corresponding to the i-th credit in particular.

Additionally, Savings and Loan Cooperative Societies shall constitute the amount of preventive provisions corresponding to the covered portion of the credit, in accordance with the following:

In the event that Protection Providers from group 1 are available, the percentage of estimates corresponding to the covered portion shall be 0.5%.

In the event that Protection Providers from group 2 are available, the percentage of estimates corresponding to the covered portion shall be 1%.

In the event that Protection Providers from group 3 are available, the preventive provisions corresponding to the covered portion of the credit shall be constituted in accordance with the following formula:

Where:

RPC PaMed_i =

Amount of reserves to be constituted for the covered portion for the i-th credit.

EI i =

Exposure to Default of the i-th credit as indicated in Article 189 Bis 8 of these provisions.

% Cob PaMed_i = Percentage covered according to the Step and Measure Coverage Scheme contract corresponding to the i-th credit in particular.

PI GA_i = Probability of Default of the guarantor of the i-th credit, in the terms of the methodology described in this section.

SP GA_i = The Loss Severity of the guarantor of the i-th credit, in accordance with Article 189 Bis 7 of these provisions.

II.

Savings and Loan Cooperative Societies that are beneficiaries of a First-Loss Coverage Scheme shall constitute reserves for the portfolio after recognizing the coverage of the First-Loss Scheme (RPC PP), using the following procedure:

They shall determine the covered percentage and the percentage of total uncovered reserves of the portfolio benefiting from the First-Loss Coverage Scheme, in accordance with the following:

The percentage covered by the First-Loss Coverage Scheme (%Cob PP) shall be determined.

Where:

Mto_Cob PP =

Limited amount intended to cover the first losses that might be generated from the default of a credit or a portfolio with a certain number of credits.

= Sum of the outstanding balances of the credits, in accordance with Article 189 Bis 8 of these provisions, when the First-Loss Coverage Scheme covers a portfolio of credits.

In the event that the scheme covers a single credit, the denominator shall be replaced by the outstanding balance of said credit.

The percentage of total uncovered reserves of the portfolio benefiting from the First-Loss Coverage Scheme is the difference between the percentage of total reserves of the portfolio before recognizing the coverage benefit and the percentage covered by the First-Loss Coverage Scheme (Dif pp). This difference provides the percentage of total reserves of the portfolio that is not covered by the scheme and is obtained from the following expression:

Where:

% RVAS CoP =

Percentage of total reserves of the credit or portfolio benefiting from the First-Loss Coverage Scheme.

RVAS CoP =

Total reserves of the credit or of the "n" credits of the portfolio before recognizing the coverage of the First-Loss Scheme, that is, without considering mitigants of the Loss Severity applicable, as stated in the guarantee scheme contract in effect on the classification date, which shall be calculated in accordance with the following expression:

= Sum of the outstanding balances of the credits, in accordance with Article 189 Bis 8 of these provisions, when the First-Loss Coverage Scheme covers a portfolio of credits.

In the event that the scheme covers a single credit, the denominator shall be replaced by the outstanding balance of said credit.

Reservas Etapa Z i =

Amounts of reserves to be constituted in accordance with Article 189 Bis 3 of these provisions, where Z corresponds to the credit risk stage 1, 2, or 3, depending on the case.

% Cob PP =

Value obtained in accordance with what is established in the previous item 1.

They shall obtain the amount of reserves of the exposed portion of the portfolio after recognizing the benefit of the coverage of the First-Loss Coverage Scheme (RPE pp), adhering to the following:

If the value of Dif pp is equal to or less than zero, Savings and Loan Cooperative Societies shall not constitute reserves for the portfolio benefiting from the First-Loss Coverage Scheme, except for what is established in subsection c) below.

If the value of Dif pp is greater than zero, Savings and Loan Cooperative Societies shall constitute reserves up to the amount that, added to the value of the guarantee, equals the total reserve amount of the portfolio, that is:

RPE PP = RVAS_Portafolios - Mto_Cob PP

Where:

RPE PP =

Amount of reserves to be constituted by the proportion of the portfolio covered.

RVAS_Portafolios= Total reserves of the "n" credits of the portfolio before recognizing the coverage of the First-Loss Scheme, that is, without considering mitigants of the Loss Severity applicable as stated in the guarantee scheme contract in effect on the classification date.

Mto_Cob PP =

Limited amount intended to cover the first losses that might be generated from the default of a credit or a portfolio with a certain number of credits.

Additionally, Savings and Loan Cooperative Societies, for the portfolio benefiting from the First-Loss Coverage Scheme of identified credits with similar characteristics, shall constitute the amount of preventive provisions corresponding to the covered portion of the credit, in accordance with the following:

In the event that Protection Providers from group 1 are available, the percentage of estimates corresponding to the covered portion shall be 0.5%.

In the event that Protection Providers from group 2 are available, the percentage of estimates corresponding to the covered portion shall be 1%.

In the event that Protection Providers from group 3 are available, the preventive provisions corresponding to the covered portion of the credit shall be constituted by multiplying the Probability of Default and the Loss Severity of the guarantor by the minimum amount between the total reserves of the "n" credits of the portfolio before recognizing the coverage of the First-Loss Scheme and the limited amount intended to cover the first losses that might be generated from the default of a credit or a portfolio with a certain number of credits.

Where:

RPC PP =

Amount of reserves to be constituted by the proportion of the portfolio covered.

PI GA =

Probability of Default of the guarantor in the terms of the methodology described in this section.

SP GA =

The Loss Severity of the guarantor in accordance with Article 189 Bis 7 of these provisions.

Mto_Cob PP =

Limited amount intended to cover the first losses that might be generated from the default of a credit or a portfolio with a certain number of credits.

RVAS_Portafolios =

Total reserves of the "n" credits of the portfolio before recognizing the coverage of the First-Loss Scheme, that is, without considering mitigants of the Loss Severity applicable as stated in the guarantee scheme contract in effect on the classification date.

In the event that the exposed portion of the credit corresponds to a Probability of Default lower than that corresponding to the covered portion, as stated in this article, Savings and Loan Cooperative Societies may use the lower Probability of Default for the entire operation.

For Savings and Loan Cooperative Societies to recognize guarantees and assign the corresponding estimate to the covered tranches of the credit or portfolio, there must be evidence of compliance with the terms and conditions established by the Protection Providers regarding the information they require, as well as compliance with the processes, if any, established in the corresponding contracts.

Article 189 Bis 14.- In the case of credits intended to finance the primary activity of the agricultural sector that have agricultural and animal damage insurance, which comply with the characteristics referred to in Annex C Bis 1, item X of these provisions, Savings and Loan Cooperative Societies may multiply the estimates corresponding to the direct borrower by a factor of 95%, as long as no insurance claim is filed.

For the purposes of the previous paragraph, "credits intended to finance the primary activity of the agricultural sector" shall be understood as those directed to the primary production of the agricultural, livestock, forestry, and fishing sectors, as well as to the industrial, commerce, and service sectors when these are integrated into the primary activity of the initially mentioned sectors, whose branches and sub-branches of economic activity correspond to those designated as sector 11 of the North American Industry Classification System 2018 (NAICS) of the National Institute of Statistics and Geography (INEGI), or its successor.

In the event that the lending Society files a claim with the entity granting the insurance and said entity accepts it, as long as the covered amount has not been executed or paid and, therefore, the credit has not been written off from the Society's balance sheet, it may calculate the estimates by multiplying the outstanding balance of the covered credit by 0.5% when the aforementioned insurance-granting entity has an Investment Grade rating.

Guarantees constituted in accordance with what is established in this article may cover the entirety or a certain percentage of the outstanding balance of one or more credits when the deposit contracts or modifications thereto provide that there is no possibility of making withdrawals or disposing of said guarantees during the validity of the credits, and that these can be covered from such deposits or values.

Article 189 Bis 15.- Savings and Loan Cooperative Societies, when classifying credits that have 2 or more guarantees, once the initial classification has been assigned to each credit, may segment the outstanding balance of the credit into the parts

that result from applying the following criteria:

They will determine the portion of the balance covered by 2 or more guarantees, whether they are means of payment with immediate liquidity, non-financial guarantees, Step-by-Step Coverage Schemes or First Loss Coverage Schemes, as well as the exposed portion.

II.

They will apply to the covered portion of the balance, depending on the type of guarantees granted, the following procedure:

If it has 2 or more Step-by-Step Coverage Schemes or First Loss Coverage Schemes, each Protection Provider must respond for the guaranteed portion of the credit balance, provided that there are no exceptions or defenses of priority order for collection among the Protection Providers themselves.

If it has 2 or more guarantees constituted with means of payment with immediate liquidity or non-financial guarantees, each of them must cover the guaranteed portion of the credit balance, provided that it has been expressly agreed in the contracts giving rise to the guarantee the portion of the credit that will be guaranteed with each encumbered asset.

In the case of combinations of Step-by-Step Coverage Schemes or First Loss Coverage Schemes and means of payment with immediate liquidity or non-financial guarantees, each of them may be considered, provided that these are executable at the time of rating and meet the requirements established in items a) and b) of this subsection.

" Article 192.-

. . .

I. to V. . . .

VI.

. . .

a) and b)

. . .

Are holders of credits that are in a credit portfolio with credit risk stage 3 and it is not possible to locate the borrower.

d) to h)

. . .

VII.

. . .

. . . "

" FOURTH TITLE

ON ACCOUNTING, VALUATION OF SECURITIES

AND OTHER FINANCIAL INSTRUMENTS, FINANCIAL

INFORMATION AND ITS DISCLOSURE

Chapter I

On accounting criteria

Article 194.- Savings and Loan Cooperative Societies with Operation Levels I to IV shall comply with the accounting criteria referred to in the provisions of this Chapter.

Unless otherwise specified, the terms defined in article 1 of these provisions are not applicable to this Chapter, nor to Annex E of these provisions. Likewise, the terms defined in Annex E of these provisions are not applicable to the rest of these.

. . .

Article 195.- The accounting criteria for Savings and Loan Cooperative Societies with operation levels I to IV, contained in Annex E of these provisions, are divided into the series and criteria indicated below:

Series A. . . .

Series B.

. . .

B-1

Cash and cash equivalents.

B-2

(Repealed).

B-3

. . .

B-4

. . .

B-5

. . .

B-6

. . .

B-7

. . .

B-8

. . .

Series C.

. . .

C-1

(Repealed).

C-2.

(Repealed).

C-3

Securitization operations.

Series D.

. . .

D-1

Statement of financial position.

D-2

Statement of comprehensive income.

D-3

Statement of changes in equity.

D-4

. . .

In the event that there are systemic conditions that could affect the solvency or stability of more than one Savings and Loan Cooperative Society with operation levels I to IV, the Commission may issue special accounting criteria.

. . .

In any case, Savings and Loan Cooperative Societies must disclose in the notes to the financial statements and in public communications of financial information, the following:

That they have authorization from the Commission to apply the special accounting record referred to, by being in a process of financial rehabilitation or corporate restructuring, or having a special accounting criterion in terms of what is provided in this article, paragraphs second and third, specifying the period for which they have authorization to apply the criterion or record.

II.

A broad explanation of the special accounting criteria or records applied, as well as those that should have been made in accordance with the accounting criteria.

III.

The amounts that would have been recorded and presented, both in the statement of financial position and in the statement of comprehensive income, had they not had authorization to apply the special criterion or accounting record.

IV.

A detailed explanation regarding the concepts and amounts for which the accounting charge was made.

If applicable, the impact that the application of such records and special accounting criteria generates in their solvency and liquidity indicators.

In the case of annual financial statements, such disclosure must be made through a specific note.

The Commission may revoke the special criteria or records referred to in the article, when the Society does not comply with the following three aspects:

The disclosure requirements mentioned above.

II.

The disclosure and additional information required by the Commission.

III.

The specifications in the application of the authorized record or accounting criterion.

Chapter II

On the valuation of Securities and other financial instruments

Article 196.- The provisions provided in this Chapter aim to establish the requirements that Savings and Loan Cooperative Societies must follow in matters of valuation of Securities and other financial instruments that form part of their statement of financial position.

Article 197.- . . .

I. and II.

. . .

III.

Updated Price for Valuation, at the market or theoretical price for each of the Securities, obtained from the Account Statements that financial entities deliver to Savings and Loan Cooperative Societies, or at the market or theoretical price obtained based on algorithms, technical and statistical criteria, contained in a methodology developed by a Price Provider.

IV.

Price Provider, to the legal entity authorized by the Commission to operate with such character, in terms of the Securities Market Law.

Direct Valuation to Vector, to the procedure of multiplying the number of titles or contracts in position by the Updated Price for Valuation reported in the Account Statement, determined by the financial entities in which the Society maintains investment accounts or, if applicable, the one made by the Society using the Updated Price for Valuation provided by a Price Provider.

VI.

Securities, those considered as such by the Securities Market Law.

Article 197 Bis.- Savings and Loan Cooperative Societies may use for the valuation of their Securities and other financial instruments, the Updated Price for Valuation provided by a Price Provider, or the one obtained from Account Statements.

The option that Savings and Loan Cooperative Societies select from those described in the first paragraph of this article must be applied for complete fiscal years.

In the event that Savings and Loan Cooperative Societies are using the Updated Price for Valuation provided by a Price Provider and decide to resume the use of Account Statements, they must notify the Commission of this situation, at least ten calendar days in advance.

Article 198.-

Savings and Loan Cooperative Societies must apply Direct Valuation to Vector on Securities and other financial instruments that, in accordance with their investment regime and applicable provisions, may form part of their statement of financial position.

Regarding credit portfolio, Savings and Loan Cooperative Societies must comply with the valuation rules established in the accounting criteria referred to in Chapter I of this Title, as well as with the applicable provisions in matters of credit portfolio rating referred to in these provisions.

Article 199.- (Repealed).

Article 200.- Savings and Loan Cooperative Societies will recognize Updated Prices for Valuation daily in their accounting for the determination of the fair value of Securities and other financial instruments that make up their statement of financial position, considering the information made known by financial entities or by their Price Provider, in terms of these provisions.

Article 200 Bis.- The Board of Directors of the Societies must approve the hiring of a single Price Provider for the purposes of this Chapter.

Article 200 Bis 1.-

Savings and Loan Cooperative Societies must notify in writing to the Commission, through free format and within ten business days following the celebration of the respective contract, the name of the Price Provider they hire, attaching a copy of the service contract.

In the event of substitution of the Price Provider, this must be notified to the Commission thirty calendar days in advance, using a free format and attaching a copy of the service contract.

Article 200 Bis 2.- Savings and Loan Cooperative Societies must request from their Price Provider the necessary information to comply with the information disclosure requirements regarding the determination of the Updated Price for Valuation, contained in the accounting criteria.

" Article 202.- Savings and Loan Cooperative Societies shall comply with the bases established in this Chapter for the formulation, publication and texts that will be noted at the foot of the basic financial statements, considering the following:

. . .

Savings and Loan Cooperative Societies must formulate their basic financial statements in accordance with the accounting criteria.

. . .

When these provisions refer to the concept of consolidated basic financial statements of Savings and Loan Cooperative Societies and these lack entities subject to consolidation in accordance with accounting criteria, it shall be understood that reference is made to individual financial statements.

II.

. . .

Savings and Loan Cooperative Societies shall express their basic financial statements in thousands of pesos, which shall be indicated in the header of these.

III.

. . .

Statement of financial position:

" The present statement of financial position was formulated in accordance with the accounting criteria for savings and loan cooperative societies with operation levels I to IV, issued by the National Banking and Securities Commission, based on what is provided in articles 32, 34 and 40 of the Law to Regulate the Activities of Savings and Loan Cooperative Societies, of general observance and mandatory, applied consistently, reflecting the operations carried out by the savings and loan cooperative society up to the aforementioned date, which were carried out and valued in compliance with sound financial practices and applicable legal and administrative provisions.

The present statement of financial position was approved by the board of directors under the responsibility of the executives who sign it. "

Statement of comprehensive income:

" The present statement of comprehensive income was formulated in accordance with the accounting criteria for Savings and Loan Cooperative Societies with operation levels I to IV, issued by the National Banking and Securities Commission, based on what is provided in articles 32, 34 and 40 of the Law to Regulate the Activities of Savings and Loan Cooperative Societies, of general observance and mandatory, applied consistently, reflecting all income and expenses derived from the operations carried out by the savings and loan cooperative society during the aforementioned period, which were carried out and valued in compliance with sound financial practices and applicable legal and administrative provisions.

The present statement of comprehensive income was approved by the board of directors under the responsibility of the executives who sign it. "

Statement of changes in equity:

" The present statement of changes in equity was formulated in accordance with the accounting criteria for savings and loan cooperative societies with operation levels I to IV, issued by the National Banking and Securities Commission, based on what is provided in articles 32, 34 and 40 of the Law to Regulate the Activities of Savings and Loan Cooperative Societies, of general observance and mandatory, applied consistently, reflecting all movements in the equity accounts derived from the operations carried out by the savings and loan cooperative society during the aforementioned period, which were carried out and valued in compliance with sound financial practices and applicable legal and administrative provisions.

The present statement of changes in equity was approved by the board of directors under the responsibility of the executives who sign it. "

. . .

Savings and Loan Cooperative Societies must include in the notes to the consolidated basic financial statements the facts and data that must be disclosed in accordance with the accounting criteria, stating such circumstance at the foot of said financial statements with the following statement: " The accompanying explanatory notes form an integral part of this financial statement " .

Likewise, Savings and Loan Cooperative Societies will note at the foot of the consolidated basic financial statements referred to in this article, the name of the Internet page corresponding to the Society itself, and must also indicate the link through which they can directly access the financial information referred to in the first paragraph of subsection VI of this article, as well as the Commission's site http:// www.gob.mx/cnbv where that financial information, in compliance with general provisions, is periodically provided to said Commission, as well as to the Auxiliary Supervision Committee.

Fourth paragraph.- (Repealed).

IV.

. . .

The consolidated basic financial statements with figures as of March, June and September must be presented for approval to the Board of Directors within the month immediately following the date they correspond to, accompanied by the necessary supporting complementary documentation, so that said Council has sufficient elements to know and evaluate the most important operations determining the fundamental changes occurred during the corresponding fiscal year.

Regarding the consolidated annual basic financial statements, they must be presented to said Council for approval within 90 calendar days following the closing of the respective fiscal year.

. . .

VI.

. . .

Savings and Loan Cooperative Societies must disseminate through their Internet page, the consolidated basic financial statements including their notes, with figures as of March, June and September of the fiscal year in question, within the month immediately following their respective closing date, as well as the consolidated annual basic financial statements audited with figures as of December of each year, including their notes, as well as the external audit report performed by the Independent External Auditor, within 90 calendar days following the closing of the respective fiscal year.

In addition to what is stated in the previous paragraph, Savings and Loan Cooperative Societies must make known to their Partners, through the Internet page corresponding to the Society itself, the explanatory notes referred to in subsection III of this article, the Capitalization Level on assets subject to risk as determined in accordance with the applicable prudential regulation contained in these provisions, as well as the result of the rating of their credit portfolio in the format that integrates Annex F of these provisions.

. . .

VII.

. . .

The Commission or the Auxiliary Supervision Committee may order corrections to the basic financial statements published in accordance with the previous subsection VI, as well as those received by the Commission for the purpose of publishing them on its Internet page, in the event that there are facts considered relevant in accordance with the accounting criteria for Savings and Loan Cooperative Societies with operation levels I to IV.

The financial statements regarding which the Commission or the Auxiliary Supervision Committee order corrections and which have already been published or disseminated, must be republished or disseminated through the same medium, with the pertinent modifications, within fifteen calendar days following the notification of the corresponding resolution, indicating the corrections made, their impact on the figures of the financial statements and the reasons that motivated them.

VIII.

. . .

" I, the undersigned, declare under oath that, within the scope of my functions, I prepared the information regarding the savings and loan cooperative society contained in this annual report which, to the best of my knowledge and belief, reasonably reflects its financial situation, its operating results, its changes in equity and its cash flows " .

The information that must be included in said report is complementary to that which appears expressly in the consolidated basic financial statements, so it will not only be necessary to mention the growth or decrease of the different items that make up the consolidated basic financial statements, but the reason for these movements, as well as those events known by the administration that could cause the disseminated information not to reflect the financial situation, operating results, changes in equity and cash flows of the Society.

Likewise, the report must identify any known trend, commitment or event that could significantly affect the Society's liquidity, its operating results or its financial situation, such as changes in market participation, incorporation of new competitors, regulatory modifications, launch and change in products, among others. It will also identify the recent behavior in the following concepts:

a) to d)

. . .

Policy on payment of surpluses or their reinvestment that the Society intends to follow in the future.

f) to h)

. . .

Relevant changes occurred in the main items of the statement of financial position of the last fiscal year and their explanation, as well as a general exposition of the evolution of said changes during the last three fiscal years.

Article 202 Bis.- In the case where Savings and Loan Cooperative Societies decide to make public, through their Internet page, any type of information that, in accordance with applicable provisions, is not obliged to disclose, the analytical detail and methodological bases must be accompanied, which allow to understand clearly said information facilitating thus an adequate interpretation.

Savings and Loan Cooperative Societies, when disseminating through the Internet page the information referred to in the previous article 202, must maintain it in said medium, at least for the five quarters following the date of the financial statement, in the case of information published quarterly, and for three years following said date, in the case of annual information.

Article 202 Bis 1.- Savings and Loan Cooperative Societies may disseminate on their Internet page the un-audited consolidated statement of financial position and statement of comprehensive income, provided that they have been approved by the Board of Directors and it is specified in notes such circumstance. Such dissemination may be carried out until such time as the audited financial statements referred to in article 202 of these provisions are available. "

" Article 269.-

. . .

II.

Up to 70 % may be invested in shares representing the share capital of investment societies in Debt Instruments, other than those indicated in subsection I of this article, which have a Risk Grade Rating of 2 for the long term in the local scale in accordance with Annex J of these provisions and, whose average duration of their investment portfolio or securities portfolio is not greater than 3 years.

III.

Up to 30 % may be invested in shares representing the share capital of investment societies in Debt Instruments, other than those indicated in subsection I of this article, which have a Risk Grade Rating of 3 for the long term in the local scale in accordance with Annex J of these provisions and, whose average duration of their investment portfolio or securities portfolio is not greater than 3 years.

. . . "

" Article 302.-

. . .

Series R01

. . .

A-0111

Financial situation of the Protection Fund

Series R03

Investments in financial instruments

A-0311

Investments in financial instruments of the deposit insurance account

Series R04

. . .

Series R21

. . .

A-2113

Classification of savings and loan cooperative societies with basic operation level by capitalization category

Series R22

. . .

A-2211

Quota contributions to the Protection Fund for deposit insurance account

A-2212

Quota contributions to the Protection Fund for auxiliary supervision

B-2221

Late quota contributions to the Protection Fund for deposit insurance account

B-2222

Late quota contributions to the Protection Fund for auxiliary supervision

C-2231

Inspection visits

D-2241 " Notification requirements for registration "

" Article 305.- . . .

The information must comply with the validations established in SITI, as well as the quality standards indicated by the Commission through said system; in addition, it must present consistency between the information contained in the various regulatory reports applicable in which the same information is included with a different level of integration.

Likewise, the information must be sent only once and will be received assuming that it meets all the required characteristics, for which it cannot be modified, and SITI must generate an electronic receipt.

. . .

The Protection Fund must notify by electronic sending to the address " cesiti@cnbv.gob.mx " , the name of the

person responsible for the quality and sending of the information referred to in this Chapter, in the manner established in Annex N of these provisions. The appointments must fall upon officials who are within the two lowest hierarchies below that of Director or General Manager, President of the Auxiliary Supervision Committee or the President of the Cooperative Savings Protection Committee, who have responsibility for the management of information. Likewise, they may appoint more than one person as responsible, depending on the type of information involved.

The Protection Fund may request new user keys or access to regulatory reports in the SITI, by email to the address cesiti@cnbv.gob.mx , in the same manner as indicated in Annex N.

Once the email referred to in this article has been sent, the Commission will notify the Protection Fund, through the same means, within five business days following receipt of the request, the confirmation of the registration of the responsible person, as well as the access of the users of the requested regulatory reports.

The appointment or replacement of any of the persons responsible for the sending and quality of the information referred to in this article must be notified to the Commission in the terms previously stated, within three business days following their appointment or replacement. "

" Article 307.- . . .

Series R01

. . .

Series R03

Investments in financial instruments

I-0391

Disaggregation of investments in financial instruments and reports

Series R04

. . .

A-0417

. . .

A-0419

. . .

C-0451

High of commercial, consumer and housing credits

C-0452

Follow-up of commercial, consumer and housing credits

C-0453

Low of commercial, consumer and housing credits

C-0454

Reserves of consumer, housing and microcredit credits

C-0455

Reserves of commercial credits held by legal entities and individuals with business activity and

financial entities

I-0453

(Repealed)

Series R08

. . .

Series R10 Reclassifications

A-1011

Reclassifications in the statement of financial position

A-1012

Reclassifications in the statement of comprehensive income

Series R12 Consolidation

A-1219

Consolidation of the statement of financial position of the savings and loan cooperative society with its

subsidiaries

A-1220

Consolidation of the statement of comprehensive income of the savings and loan cooperative society with its

subsidiaries

Series R13 Financial Statements

A-1311

Statement of changes in equity

A-1316

Statement of cash flows

B-1321

Statement of financial position

B-1322

Statement of comprehensive income

Series R17

. . .

Series R20

. . .

Series R21

. . .

Series R24

Operational information

B-2422

. . .

D-2441

General information on the use and frequency of financial services

D-2442

(Repealed)

D-2443

. . .

Series R26

. . .

Article 308.- Savings and Loan Cooperative Societies will provide the Commission and the Auxiliary Supervision Committee with the information referred to in Article 307 of these provisions, with the periodicity indicated below:

Monthly:

The information related to series R01, R03, R04, R08 exclusively regarding report D-0842,

R10, R12, R13, exclusively regarding reports B-1321 and B-1322, R20, R21 and R26 no later

on the last day of the month immediately following that to which they correspond.

II.

Quarterly:

The information related to series R08, exclusively regarding report D-0841, series R13

exclusively regarding reports A-1311 and A-1316, and series R24, with figures for the months of

March, June, September and December of each year, no later on the last day of the month immediately following that to which

they correspond.

Article 310.- . . .

The information must comply with the validations established in the SITI, as well as the quality standards

indicated by the Commission through said system; furthermore, it must present consistency between the information contained in the

diverse applicable regulatory reports in which the same information is included with a different level of integration.

Likewise, the information must be sent only once and will be received assuming it meets all characteristics

required, by virtue of which it cannot be modified, and the SITI must generate an electronic acknowledgment of receipt.

. . .

Savings and Loan Cooperative Societies must notify by email to the address

" cesiti@cnbv.gob.mx " , the name of the person responsible for the quality and sending of the information

referred to in the

present Chapter, in the manner indicated in Annex O of these provisions. The appointments must fall upon

officials who are within the hierarchy lower than that of Director or General Manager and who have charge of the

responsibility for the management of information. Likewise, they may appoint as responsible more than one person, in

function of the type of information involved.

Savings and Loan Cooperative Societies may request new user keys or access to regulatory reports

in the SITI, by sending an email to the address " cesiti@cnbv.gob.mx " in the same manner as

indicated in Annex O.

Once the email referred to in this article has been sent, the Commission will notify the Savings

and Loan Cooperative Societies by the same means, within five business days following receipt of the

request, the confirmation of the registration of the responsible person, as well as the access of the users of the regulatory reports

requested.

following their appointment or replacement. "

TRANSITORY PROVISIONS

FIRST.- This Resolution will enter into force on January 1, 2025, with the exception of the modifications to the

criterion " B-5 Assets adjudicated " contained in Annex E, which will enter into force on the first day of the calendar month

immediately following the date of publication of this Resolution in the Official Journal of the Federation.

SECOND.- Savings and Loan Cooperative Societies, regarding the effects caused by accounting changes

due to the application of this Resolution, must adhere to what is established in the Financial Information Standard B-1 " Accounting changes and corrections of errors " , applicable to Savings and Loan Cooperative Societies by virtue of what is established in criterion A-2 " Application of particular standards " , contained in the aforementioned Annex E.

Savings and Loan Cooperative Societies must disclose in notes to the financial statements the main

changes in accounting regulations that affect or could significantly affect said financial statements, as well as

the adoption mechanism and the adjustments carried out in the determination of the initial effects of the application of the

Accounting Criteria contained in this Resolution.

THIRD.- The basic consolidated quarterly and annual financial statements that, pursuant to this

Resolution, are required from Savings and Loan Cooperative Societies, corresponding to the period ended on

December 31, 2025, may not be presented comparatively with each quarter of the 2024 fiscal year nor for the period

ended on December 31, 2024.

FOURTH.- The tests that Savings and Loan Cooperative Societies carry out pursuant to the

paragraphs 45 and 46 of criterion B-4 " Credit portfolio " contained in Annex E of the " General Provisions

applicable to savings and loan cooperative societies " , to determine if the credit portfolio portfolios

valid as of December 31, 2024, meet the assumption that the cash flows of the contracts correspond

only to payments of principal and interest, must be authorized by the credit committee of the Savings and Loan Cooperative Society.

Subsequently, said tests and their results must be delivered in writing to the National Banking and Securities Commission no later than February 28, 2025.

FIFTH.- Any reference to the " balance sheet " or to the " income statement " contained in the " General Provisions

applicable to savings and loan cooperative societies " , upon entry into force of this Resolution,

must be understood to refer to the " statement of financial position " and to the " statement of comprehensive income " , respectively.

Likewise, references to past-due portfolio will be understood as portfolio with credit risk stage 3. This is in

consistency with the " Accounting Standards applicable to Savings and Loan Cooperative Societies, contained

in Annex E.

SIXTH.- Savings and Loan Cooperative Societies, in order to constitute the total amount of allowances

for credit risks that arise from the use of the methodologies that are replaced with this

instrument, must observe the determinations of this transitional article.

Initial financial effect will be understood as the difference resulting from subtracting the reserves that must be constituted

pursuant to this instrument, applying the methodology in effect from January 1, 2025, using the total balance of the

commercial credit portfolio as of December 31, 2024; minus, the reserves that were constituted with the methodology

in effect until December 31, 2024, using the balance of the commercial credit portfolio as of December 31, 2024.

This calculation must be performed upon entry into force of this Resolution.

The societies may opt for one of the following alternatives for the constitution of allowances

for credit risks:

Recognize in equity, within the result of periods prior to January 31, 2025, the effect

initial financial derived from applying for the first time the credit portfolio classification methodology that

corresponds, provided that it is disclosed in the corresponding quarterly and annual financial statements of the

fiscal year 2025, as well as in any public communication of financial information, at minimum the following:

That it opted to perform the total recognition of the initial financial effect upon entry into force of this

Resolution;

A broad explanation of the accounting record made for the recognition of said effect;

A detailed explanation about the items and amounts for which the accounting adjustment was made.

II.

Recognize in equity, within the result of previous periods, the initial financial effect; that is,

the amount of reserves for the commercial credit portfolio corresponding to the month of calculation, deferred for a term of

24 months counted from January 31, 2025, according to the following formula:

Where:

= Amount of reserves to recognize in equity for the commercial credit portfolio

corresponding in month .

= Initial Financial Effect

For such effect, the entities must recognize in the statement of financial position 100% of the initial effect for the

allowance for credit risks and a deferred charge for the same amount that will decrease

monthly against the result of previous periods, until completing the recognition of the initial effect on December 31

of 2026.

Regarding this, the societies must disclose in the corresponding quarterly and annual financial statements of the

fiscal years 2025 and 2026, the effect derived from what is provided in this section, as well as in any public communication

of financial information, at minimum the following:

That it opted to perform the deferred recognition of the initial financial effect, derived from the application of the

present provisions, in a term of 24 months.

A detailed explanation about the items and amounts for which the accounting adjustment was made and its effect

on the capitalization index and its components.

The societies must have constituted 100% of the amount of the reserves derived from the use of the

methodologies applicable to the commercial credit portfolio, pursuant to this Resolution, by December 31 of the

Respectfully

Mexico City, March 20, 2024.- President of the National Banking and Securities Commission, Dr. Jesús de la

Fuente Rodríguez .- Rubric.

ANNEX A

3-Year Financial Projections on the statement of financial

position and the statement of comprehensive income

FINANCIAL STATEMENTS PROJECTIONS

Name of the requesting society or, if applicable, proposed name

BASES OF THE PROJECTIONS

Assumptions (See Table 1)

Year 1

Year 2

Year 3

1.1 National GDP (annual growth)

0.00%

1.2 Reference interest rates (nominal at year-end)

Year 1

Year 2

Year 3

e.g. 28-day Cetes.

0.00%

1.3 Interest rates offered to the public (nominal at year-end)

In case of using different reference rates; state your rate

weighted average.

Year 1

Year 2

Year 3

Credits

Deposits

Credit titles issued

Financial information (figures in thousands of $)

Financial information must be prepared in accordance with the accounting criteria for cooperative societies

of savings and loans established for this purpose and must correspond to the level of operations requested and to the quantity

in UDIS of total assets, net of their corresponding depreciations and reserves, that the respective society has at

the date of the request.

Figures at:

Year 1

Year 2

Year 3

STATEMENT OF FINANCIAL POSITION

ASSETS

Cash and cash equivalents

Investments in financial instruments

Repo debtors

Credit portfolio with credit risk stage 1

Credit portfolio with credit risk stage 2

Credit portfolio with credit risk stage 3

Credit portfolio valued at fair value

(+/-) Deferred items

Allowance for credit risks

Benefits to receive in securitization operations

Other receivables (net)

Assets adjudicated (net)

Long-term assets held for sale or for

distribution to members

Prepayments and other assets

Properties, furniture and equipment (net)

Right-of-use assets for properties, furniture and

equipment (net)

Permanent investments

Intangible assets (net)

Right-of-use assets for intangible assets (net)

Commercial credit

TOTAL ASSETS

LIABILITIES

Traditional funding

Demand deposits

Time deposits

Global funding account without movements

Bank loans and from other organizations

Collaterals sold or given as guarantee

Obligations in securitization operations

Lease liability

Other payables

Liabilities related to groups of assets held for sale

Financial instruments that qualify as liability

Obligations associated with the withdrawal of components of

properties, furniture and equipment

Employee benefits liability

Deferred credits and advance collections

TOTAL LIABILITIES

EQUITY

CONTRIBUTED CAPITAL

Social capital

Ordinary contribution certificates

Voluntary surplus certificates

Certificates for risk capital

Contributions for future capital increases formalized

by the General Assembly of Members

Effect due to incorporation into the regime of societies

cooperative of savings and loans

RETAINED EARNINGS

Reserve fund

Other capital reserves

Accumulated results

Other comprehensive income

Participation in OCI of other entities

TOTAL EQUITY

TOTAL LIABILITIES AND EQUITY

STATEMENT OF COMPREHENSIVE INCOME

Figures

from:

to:

Interest income

Interest expenses

Net monetary position result (financial margin)

FINANCIAL MARGIN

Allowance for credit risks

FINANCIAL MARGIN ADJUSTED FOR CREDIT RISKS

Commissions and fees charged

Commissions and fees paid

Intermediation result

Other operating income (expenses)

Administrative and promotional expenses

OPERATING RESULT

Participation in the net result of other entities

RESULT FROM CONTINUING OPERATIONS

Discontinued operations

NET RESULT

Other Comprehensive Income

Participation in OCI of other entities

COMPREHENSIVE RESULT

See table 2

Number of depositors

Number of borrowers

Number of branches

Performance indicators

Year 1

Year 2

Year 3

Liquidity Coefficient (expressed in %)

((Demand deposits + bank securities with maturity less than 30 days + government securities with maturity less than 30 days)) /short-term liabilities) *

Leverage (expressed in %)

(Total Assets/Total Liabilities)

Delinquency (expressed in %)

(Balance of credit portfolio with credit risk stage 3 / (Credit portfolio with credit risk stage 1 + Credit portfolio with

credit risk stage 2 + Credit portfolio with

credit risk stage 3)

Capitalization Level (expressed in %)

(Net Capital/Risk-weighted Assets) *

Coverage (expressed in %)

(Allowance for credit risks/Credit portfolio with

credit risk stage 3)

ROE (expressed in %)

(Net Result/Equity)

ROA (expressed in %)

(Net Result/Total Assets)

Determined in accordance with the prudential regulation issued by the

Commission.

Segmentation see table 3

Credit portfolio (credit portfolio with credit risk stage 1 + credit portfolio with

credit risk stage 2 + credit portfolio with

credit risk stage 3 + credit portfolio valued at fair value)

(Figures in thousands of $)

Commercial credits

Consumer credits

Housing credits

TOTAL

Direct funding

(Figures in thousands of $, including their respective interests)

Demand deposits

Time deposits

Credit titles issued

TOTAL

TABLE 1

Year 1 refers to the first full year of operation once they are authorized by the Commission. Years 2

and 3 must be considered based on the calendar year, that is from January to December.

Reference rates are those used to agree the terms of their funding and credit operations.

Rates offered to the public are the average rate offered to users for their

deposits and their credits.

TABLE 2

The society will estimate its number of depositors and the number of people to whom a credit will be granted and the

branches based on its General Operation Plan.

TABLE 3

The society must segment by its type both direct funding and the placement of credits.

ANNEX B

FORMAT OF THE STATEMENT OF FINANCIAL POSITION AND STATEMENT OF COMPREHENSIVE INCOME

FINANCIAL STATEMENTS

Savings and loan cooperative societies that on the date of presentation of the authorization request

are carrying out savings and loan operations

Financial information (figures in thousands of $)

Financial information must be prepared, in accordance with the accounting criteria established for this purpose and must

correspond to the level of operations requested and to the quantity in UDIS of total assets, net of their

corresponding depreciations and reserves, that the respective society has at the date of the request.

Figures at:

Historical

Update

Total

STATEMENT OF FINANCIAL POSITION

ASSETS

Cash and cash equivalents

Investments in financial instruments

Repo debtors

Credit portfolio with credit risk stage 1

Credit portfolio with credit risk stage 2

Credit portfolio with credit risk stage 3

Credit portfolio valued at fair value

(+/-) Deferred items

Allowance for credit risks

Benefits to receive in securitization operations

Other receivables (net)

Assets adjudicated (net)

Long-term assets held for sale or for distribution to the

members

Prepayments and other assets

Properties, furniture and equipment (net)

Right-of-use assets for properties, furniture and equipment (net)

Permanent investments

Intangible assets (net)

Right-of-use assets for intangible assets (net)

Commercial credit

TOTAL ASSETS

LIABILITIES

Traditional funding

Demand deposits

Time deposits

Global funding account without movements

Bank loans and from other organizations

Collaterals sold or given as guarantee

Obligations in securitization operations

Lease liability

Other payables

Liabilities related to groups of assets held for sale

Financial instruments that qualify as liability

Obligations associated with the withdrawal of components of property, plant, and equipment

Liability for employee benefits

Deferred credits and advance payments

TOTAL LIABILITY

ACCOUNTING EQUITY

CONTRIBUTED CAPITAL

Social capital

Ordinary contribution certificates

Voluntary surplus certificates

Certificates for risk capital

Contributions for future capital increases formalized by its General Assembly of Partners

Effect from incorporation into the savings and loan cooperative society regime

EARNED CAPITAL

TOTAL ACCOUNTING EQUITY

LIABILITY + ACCOUNTING EQUITY

STATEMENT OF COMPREHENSIVE INCOME

Figures

From

Interest income

Interest expense

Net monetary position result (financial margin)

FINANCIAL MARGIN

Preventive estimate for credit risks

FINANCIAL MARGIN ADJUSTED FOR CREDIT RISKS

Charges and fees collected

Charges and fees paid

Intermediation result

Other income (expenses) from operations

Administration and promotion expenses

OPERATING RESULT

Participation in the net result of other entities

RESULT OF CONTINUOUS OPERATIONS

Discontinued operations

NET RESULT

Other Comprehensive Results

Participation in OCI of other entities

COMPREHENSIVE RESULT

Number of depositors

Number of borrowers

Number of branches

Performance Indices

Liquidity Coefficient (expressed in %)

((Demand deposits + bank securities with a term of less than 30 days + government financial instruments with a term of less than 30 days) / short-term liabilities) *

Leverage (expressed in %)

(Total Assets / Total Liabilities)

Delinquency (expressed in %)

(Balance of the credit portfolio with credit risk stage 3 / (Credit portfolio with credit risk stage 1 + Credit portfolio with credit risk stage 2 + Credit portfolio with credit risk stage 3)

Capitalization Level (expressed in %)

(Net Capital / Risk-bearing Assets) *

Coverage (expressed in %)

(Preventive estimate for credit risks / Credit portfolio with credit risk stage 3)

ROE (expressed in %)

(Net Result / Accounting Equity)

ROA (expressed in %)

(Net Result / Total Assets)

Determined in accordance with the prudential regulation issued by the Commission.

Segmentation

Credit portfolio (credit portfolio with credit risk stage 1 + credit portfolio with credit risk stage 2 + credit portfolio with credit risk stage 3 + credit portfolio valued at fair value)

(Figures in thousands of $)

Commercial credits

Consumer credits

Housing credits

TOTAL

Traditional collection

(Figures in thousands of $, including their respective interests)

Demand deposits

Time deposits

Issued credit instruments

TOTAL

The information refers to the date of preparation of the financial statements that must be presented along with the authorization request, which may not be older than three months from the date of submission of said request.

The society will indicate its number of depositors and the number of people to whom credit is granted and the branches it has.

ANNEX C

PROCEDURE FOR THE QUALIFICATION AND CONSTITUTION OF PREVENTIVE ESTIMATES FOR CONSUMER, HOUSING, AND PRODUCTIVE MICROCREDITS

Consumer credit portfolio

Savings and Loan Cooperative Societies must qualify and constitute the corresponding preventive estimates for their consumer credit portfolio, with figures as of the last day of each calendar month, adjusting to the following procedure:

They must classify from their initial recognition the entirety of their consumer credit portfolio into stages (stage 1, stage 2, and stage 3) of credit risk, depending on the significant increase in credit risk that they evidence based on the number of days of delay or delinquency elapsed from the day of the first amortization of the credit that has not been covered by the borrower as of the date of qualification.

For each credit risk stage, they must maintain and constitute the preventive estimates that result from applying to the total amount of their consumer credit portfolio (including the interest they generate) the percentages of preventive estimates, according to the following table:

Credit risk stage

Days of delinquency

Percentage (%) of preventive estimates

Stage 1

1 to 7

8 to 30

Stage 2

31 to 60

61 to 89

Stage 3

90 to 120

121 to 180

181 or more

100

The amount subject to qualification must not include accrued but uncollected interest, recorded in off-balance sheet accounts, of credits that are in stage 3.

Likewise, credits that meet the terms established for this effect in Accounting Criterion B-4 "Credit Portfolio" and this Annex must be classified in stage 3.

II.

Microcredits

Regarding Microcredits, Savings and Loan Cooperative Societies must qualify and constitute the corresponding preventive estimates for their credit portfolio, with figures as of the last day of each calendar month, adjusting to the following procedure:

They must classify from their initial recognition the entirety of their microcredit portfolio into stages (stage 1, stage 2, and stage 3) of credit risk, depending on the significant increase in credit risk that they evidence based on the number of days of delay or delinquency elapsed from the day of the first amortization of the credit that has not been covered by the borrower as of the date of qualification.

For each credit risk stage, they must maintain and constitute the preventive estimates that result from applying to the total amount of their microcredit portfolio (including the interest they generate) the percentages of preventive estimates, according to the following table:

Credit risk stage

Weeks of delinquency

Percentage (%) of preventive estimates

Stage 1

0.5

Stage 2

Stage 3

20 or more

100

Credit risk stage

Fortnights of delinquency

Percentage (%) of preventive estimates

Stage 1

0.5

Stage 2

Stage 3

10 or more

100

Credit risk stage

Months of delinquency

Percentage (%) of preventive estimates

Stage 1

0.50

Stage 2

Stage 3

5 or more

100

The amount subject to qualification must not include accrued but uncollected interest, recorded in off-balance sheet accounts, of credits that are in stage 3.

Likewise, credits that meet the terms established in Accounting Criterion B-4 "Credit Portfolio" and this Annex must be classified in stage 3.

III.

Housing credit portfolio

Savings and Loan Cooperative Societies must qualify and constitute the corresponding preventive estimates for their housing credit portfolio, with figures as of the last day of each calendar month, adjusting to the following procedure:

They must classify from their initial recognition the entirety of their housing credit portfolio into stages of credit risk, depending on the significant increase in credit risk that they evidence based on the number of days of delay or delinquency elapsed from the day of the first amortization of the credit that has not been covered by the borrower as of the date of qualification.

For each credit risk stage, they must maintain and constitute the preventive estimates that result from applying to the total amount of their housing credit portfolio (including the interest they generate) the percentages of preventive estimates, according to the following table:

Credit risk stage

Days of delinquency

Percentage (%) of preventive estimates

Stage 1

0.35

1 to 30

1.05

Stage 2

31 to 60

2.45

61 to 89

8.75

Stage 3

90 to 120

17.50

121 to 150

33.25

151 to 180

34.30

181 to 1460

More than 1460

100

The amount subject to qualification must not include accrued but uncollected interest, recorded in off-balance sheet accounts, of credits that are in stage 3.

Likewise, credits that meet the terms established in Accounting Criterion B-4 "Credit Portfolio" and this Annex must be classified in stage 3.

IV.

Considerations for the computation of days of delay

For the purposes of determining the risk stages described in sections I, II, and III of this annex, societies may consider the following:

Savings and Loan Cooperative Societies that have any element to determine that a credit must migrate from stage 1 to stage 2, or from stage 1 to stage 3, or from stage 2 to stage 3, may do so without the need to comply with what is contained in the tables of sections I, II, and III of this annex, for which they must have defined and formalized the criteria under which such migration can be carried out within their policy and procedure manuals, as well as their manuals and always provided that these criteria are applied consistently.

Savings and Loan Cooperative Societies must document in a register or log the migration of stages based on the aforementioned criteria, including at minimum the identification of the personnel responsible for approval, the criterion under which the migration was carried out, as well as the date from which the migration was made. The Commission may order Savings and Loan Cooperative Societies to rectify the reserves constituted in accordance with the foregoing, when in its judgment the policies and procedures are not applied consistently, or if they do not reflect the difference between the observed credit impairment and that identified by the Societies.

Savings and Loan Cooperative Societies may recognize reductions in the days of delinquency of credits that have been subject to restructuring or renewal, once there is sustained payment in accordance with what is established in the Accounting Criteria. When making such modifications, they will adjust to the policies approved for such effect by the Savings and Loan Cooperative Society itself.

Credits granted by Savings and Loan Cooperative Societies, which are in stage 3 and have been subject to restructuring or renewal, must consider their stay within the mentioned stage as long as there is no evidence of sustained payment. This is in terms of what is provided in Accounting Criterion B-4 "Credit Portfolio" of annex E of these provisions.

Due to the foregoing, the debtor must comply in a timely and proper manner with the making of payments given the renewal or restructuring of the credit carried out, and the Savings and Loan Cooperative Society will suspend the sum of days of delinquency from the celebration of the agreement.

The days of delinquency accumulated prior to the restructuring or renewal will continue to be accounted for as long as there is no evidence of sustained payment and their accumulation will be reactivated if the debtor does not make the payments agreed upon on the deadlines established in the agreement. Delinquency must start to be calculated the day after the deadline following the default and the days elapsed between the date of celebration of the agreement and the date of default must not be considered as days of delinquency.

Savings and Loan Cooperative Societies may recognize reductions in the days of delinquency derived from the application of Step and Measure Coverage Schemes, First Loss Coverage Schemes, non-financial guarantees, and personal guarantees of credits that have been subject to restructuring or renewal when there is sustained payment, considering what is stipulated in section V of this annex.

Adjustments to preventive estimates and recognition of guarantees

When Savings and Loan Cooperative Societies have guarantees that meet what is provided in annex C Bis 1 of these provisions, they may recognize them for the purpose of reducing the preventive estimates of the credit or credits in question, considering the following:

Take the necessary measures so that the guarantee can be executed and adjudicated at the moment it is placed in credit risk stage 3 in accordance with what is established in this annex. In the event that the management for the adjudication and execution of the guarantee does not begin at the moment the credit is classified as a portfolio with credit risk stage 3, Savings and Loan Cooperative Societies must cease to recognize the coverage provided by said guarantee and will assign the preventive estimates corresponding to the days of delinquency recorded.

The guarantees constituted in terms of the previous paragraph may cover the total or a certain percentage of the outstanding balance of one or more credits, provided that in the deposit contracts or modifications to them it is foreseen that there is no possibility of making withdrawals or disposing of the referenced guarantees during the validity of the credits and that these can be covered from such deposits or values.

The Societies must ensure that the legal mechanism of delivery or assignment of the guarantees ensures that the Savings and Loan Cooperative Societies themselves maintain the right to execute the guarantees or to take legal possession of them, in the event of default, insolvency, or commercial bankruptcy of the counterparty or the custodian of the aforementioned guarantees, if applicable, or if any other event is stipulated in the documentation of the operation in question.

Upon receiving guarantees whose validity is subject to the fulfillment of terms and conditions by the Savings and Loan Cooperative Society creditor of the guarantee and fails to comply, the guarantee must not be taken into account for the purposes of reducing the preventive reserves for credit risk.

The uncovered portion will maintain the percentage of preventive estimates that corresponds to it.

Savings and Loan Cooperative Societies may opt not to recognize the guarantees if this results in higher preventive estimates.

Savings and Loan Cooperative Societies may in no case simultaneously take Step and Measure Coverage Schemes or First Loss Coverage Schemes and means of payment with immediate liquidity or non-financial guarantees from the same guarantor.

Financial guarantees

Regarding guarantees constituted with the means of payment with immediate liquidity provided for in annex C Bis 1, section I, subsections a), b), c), and d) of these provisions, from which the application of said resources to the total outstanding balance or to a certain percentage of the outstanding balance of the credit can be ensured, Savings and Loan Cooperative Societies may exempt the covered portion of the credit with such guarantees from the constitution of preventive estimates.

Regarding guarantees constituted with the means of payment with immediate liquidity provided for in annex C Bis 1, section I, subsections e) and f) of these provisions, from which the application of said resources to the total outstanding balance or, if applicable, to a certain percentage of the outstanding balance of the credit can be ensured, Savings and Loan Cooperative Societies will constitute for the covered portion the estimates corresponding to the percentage of 0.5 percent.

Non-financial guarantees

Savings and Loan Cooperative Societies that have non-financial guarantees that cover, at least, 50 percent of the outstanding balance of the credit as of the date of calculation of the preventive reserves, may recognize said guarantees for the purposes of provisioning their credit portfolio, up to the amount resulting from multiplying the recognition percentage provided in the following table by their last appraisal value, updated for depreciation in the case of movable goods:

Type of non-financial guarantee or assimilable instrument

Percentage (%) of recognition

Commercial and residential real estate

Movable goods and others

To determine the estimates corresponding to the covered portion of each credit or portfolios covered with non-financial guarantees and assimilable instruments, a provisioning percentage of 0.5 percent will be assigned.

Personal guarantees, Step and Measure Coverage Schemes, First Loss Coverage Schemes, and agricultural insurance.

Both in First Loss Coverage Schemes and in Step and Measure Coverage Schemes or personal guarantees, only the following groups of admissible coverage providers will be recognized for the purposes of portfolio qualification:

Group 1:

Development banking institutions.

Public trusts that are part of the Mexican financial system in accordance with article 3 of the Credit Institutions Law.

Trusts celebrated specifically for the purpose of sharing credit risk, in which development banking institutions act as settlors and trustees that have an express guarantee from the Federal Government.

The National Guarantee Fund for the Agricultural, Forestry, Fisheries, and Rural Sectors, or the one that replaces it.

National Infrastructure Fund, or the one that replaces it.

Central governments of foreign countries and their central banks that have a High Investment Grade.

Entities of the Federal Public Administration under direct budgetary control, state productive companies, or programs derived from a federal law that are part of the Federal Expenditure Budget.

Group 2:

National multiple banking institutions that have a rating of, at least, Investment Grade and the holding company of the accredited entity.

Other entities that are part of the Mexican financial system and insurance companies that have, at least, Investment Grade.

Central governments of foreign countries, their central banks, and international financial entities that have Investment Grade.

Other entities with at least Investment Grade, including in their case the holding companies, subsidiaries, or companies belonging to the same group.

Programs derived from a Federal Law that are established in the Federal Expenditure Budget.

Group 3:

Other guarantees from partners of the same Savings and Loan Cooperative Society.

When the coverage providers listed in group 1 are available, the percentage of estimates that will correspond to the covered portion will be 0.5 percent. Regarding coverage providers listed in group 2, an estimate percentage of 1 percent will be assigned to the covered portion. In the case of guarantees granted by the persons referred to in group 3, the percentage of estimates corresponding to the maximum days of default that said partner registers in other operations, applied to the estimate table of the covered operation, will be assigned to the covered portion.

In the event that the uncovered portion corresponds to a lower estimate percentage than that corresponding to the covered portion, as indicated in the previous paragraph, Savings and Loan Cooperative Societies may use the former for the entire operation.

In the event that Savings and Loan Cooperative Societies are beneficiaries under the First Loss Coverage Scheme or Step and Measure Coverage Scheme, they must consider the following:

Ensure that the credits that make up the portfolio covered by the guarantee received are clearly identified and have similar characteristics.

The covered portion will be assigned the weighting of the guarantee provider as established in groups 1, 2, and 3 of this section, while the rest of the position will retain the preventive estimates that correspond to it in accordance with this annex.

Calculate the estimate requirement for the credit or credits of the covered portfolio in accordance with the methodologies described in this annex, as applicable, and in the case of credit portfolios, sum the results of each of the credits to determine the total estimate requirement for said portfolio.

The total estimates calculated in accordance with subsection c) above must be compared with the value of the corresponding First Loss Coverage Schemes, in order to adjust as follows:

If the value of the First Loss Coverage Schemes is greater than or equal to the total estimate requirement for the credit or for the credit portfolio before the recognition of the own guarantees, the Savings and Loan Cooperative Society will only constitute the estimates that result from multiplying the percentage of estimates that corresponds to the coverage provider, in accordance with this Annex, by the amount of the estimates required for the credit or credit portfolio.

If the value of the First Loss Coverage Schemes is less than the total estimate requirement of the credit or credit portfolio before the recognition of the own guarantees, the Savings and Loan Cooperative Society must constitute estimates for the uncovered portion up to the amount necessary to reach the total of the required estimates, while for the covered portion they must constitute the estimates that result from multiplying the percentage of estimates that corresponds to the coverage provider, in accordance with this Annex, by the amount of the guarantee.

For Savings and Loan Cooperative Societies to recognize the guarantees and assign the corresponding reserve to the covered tranches of the credit or portfolio, there must be evidence of compliance with the terms and conditions established by the guarantors regarding the information they require, as well as

the compliance with the processes established in the corresponding contracts.

In the case of credits intended to finance the primary activity of the agricultural sector that have agricultural and animal damage insurance, which meets the characteristics referred to in subsection b) of fraction X, Annex C Bis 1, of these provisions, Savings and Loan Cooperative Societies may multiply the estimates corresponding to the direct borrower by a factor of 95 (ninety-five) percent, as long as no insurance claim is filed.

For the purposes of the preceding paragraph, credits to the agricultural and rural sector shall be understood as those directed to the primary production of the agricultural, livestock, forestry, and fishing sectors, as well as to the industrial, commerce, and services sectors, provided that these are integrated into the primary activity of the initially mentioned sectors whose branches and sub-branches of economic activity correspond to those designated as sector 11 of the North American Industry Classification System 2018 (NAICS) of the National Institute of Statistics and Geography (INEGI).

In the event that a claim is made to the entity granting the insurance by the lending Cooperative Savings and Loan Society and said entity accepts it without the covered amount having been executed or paid, and therefore the credit has not been removed from the financial statement of the Cooperative Savings and Loan Societies, these may calculate the estimates by multiplying the balance of the covered credit by 1 (one) percent, when the aforementioned insurance-granting entity has a rating assigned by a rating institution of at least investment grade on the national scale.

Use of multiple guarantees

Savings and Loan Cooperative Societies, when qualifying credits that have 2 or more guarantees, may recognize the coverage of said guarantees considering the following:

They will determine the portion of the balance covered by 2 or more guarantees, whether they are means of payment with immediate liquidity, non-financial guarantees, or Step-by-Step Coverage Schemes or First Loss Coverage Schemes, as well as the exposed or uncovered portion in the terms described.

The covered portion of the credit balance may be divided into 2 or more segments, based on the type of guarantees granted, provided that they comply with the following:

If there are 2 or more Step-by-Step Coverage Schemes or First Loss Coverage Schemes, each guarantor must respond for the guaranteed portion of the credit balance, provided that there are no exceptions or defenses of priority order among the guarititors themselves for collection.

If there are 2 or more guarantees constituted with means of payment with immediate liquidity or non-financial guarantees, each of them must cover the guaranteed portion of the credit balance, provided that it has been expressly agreed in the contracts giving rise to the guarantee the portion of the credit that will be guaranteed with each encumbered asset.

Regarding combinations of Step-by-Step Coverage Schemes or First Loss Coverage Schemes and means of payment with immediate liquidity or non-financial guarantees, each of them may be considered, provided that they are executable at the time of qualification and comply with the requirements established in subsections a) and b) of this section.

ANNEX C BIS

PROCEDURE FOR THE QUALIFICATION AND CONSTITUTION OF PREVENTIVE ESTIMATES OF SAVINGS AND LOAN COOPERATIVE SOCIETIES WITH BASIC OPERATION LEVEL

Savings and Loan Cooperative Societies with Basic Operation Level must qualify and constitute the preventive estimates corresponding to their portfolio with figures as of the last day of each calendar month, adjusting to the following procedure:

a) They must classify the entirety of their credit portfolio from initial recognition into credit risk stages (stage 1, stage 2, and stage 3), depending on the significant increase in credit risk they evidence, based on the number of days of delay or default elapsed from the day of the first amortization of the credit, which has not been covered by the borrower as of the date of qualification.

b) For each credit risk stage, they must maintain and, if applicable, constitute the preventive estimates resulting from applying to the total amount of their credit portfolio, including the interest they generate, the provisioning percentages indicated below:

Credit risk stage

Days of default

Percentage (%) of preventive estimates

Stage 1

1 to 7

8 to 30

Stage 2

31 to 60

61 to 89

Stage 3

90 to 120

121 to 180

181 or more

100

The amount subject to qualification must not include accrued but uncollected interest, recorded in off-balance sheet accounts, from credits that are in Stage 3.

Savings and Loan Cooperative Societies with Basic Operation Level may only recognize reductions in the days of default of credits that have been restructured, once there is sustained payment in accordance with what is established in the Accounting Criteria. When making such modifications, they will adjust to the policies approved for such effect by the society itself.

ANNEX C BIS 1

REQUIREMENTS THAT GUARANTEES MUST MEET TO BE RECOGNIZED FOR THE PURPOSES OF DETERMINING THE CAPITAL REQUIREMENT FOR CREDIT RISK

AND PREVENTIVE ESTIMATES FOR CREDIT RISKS

When Savings and Loan Cooperative Societies have guarantees constituted with means of payment with immediate liquidity (financial guarantees), Step-by-Step Coverage Schemes or First Loss Coverage Schemes, non-financial guarantees or similar instruments, personal guarantees, or credit insurance that comply with what is provided in this annex, they may reduce the percentage of preventive estimates of the credit or credits, as well as the capital requirements of the operations in question in accordance with what is established in title three, chapter II in their respective sections and in Annex C, fraction V of these provisions.

The eligible guarantees, as well as the requirements they must meet for such effects, are those indicated below:

Guarantees constituted with means of payment with immediate liquidity (financial guarantees).

Only guarantees constituted with means of payment with immediate liquidity will be considered when they are:

Cash money or cash deposits constituted by the borrower or by another member or a third party in the Cooperative Savings and Loan Society itself in favor of this, as well as means of payment with maturity equal to or greater than the term of the credit granted to the member in favor of the Society in question, taking the necessary measures so that the guarantee can be adjudicated and executed at the moment when the borrower is placed in the credit portfolio with credit risk stage 3, when the debtor or a third party constitutes a deposit in the Society itself and grants it an irrevocable mandate to apply the respective resources to the payment of credits, or when they are negotiable credit titles of immediate realization and wide circulation, and which in case of default, are available without any legal restriction for the Cooperative Savings and Loan Society and of which the debtor or any other person distinct from the society itself cannot dispose while the obligation subsists.

Securities and other financial instruments issued by the Bank of Mexico.

Financial instruments issued or guaranteed by the Federal Government.

Financial instruments and documents issued by the Institute for the Protection of Bank Savings, as well as obligations guaranteed by said institute.

Debt financial instruments issued by credit institutions or brokerage houses that have a credit rating issued by a recognized Rating Institution, greater than or equal to Risk Grade 3 of Annex J of these provisions.

Investments in shares representing the social capital of daily liquidity investment funds. For the purposes of this subsection, the aforementioned investments shall be understood in terms of articles 10, fraction I, subsection k) and 13, fraction II, subsection c) of these provisions.

II.

Non-financial guarantees and similar instruments.

Commercial or residential real estate whose guarantee is considered in an amount that does not exceed the current reasonable value at which the property could be sold through a private contract between a seller and a buyer.

Movable goods or other guarantees provided for in article 32 bis 1 of the Commerce Code, registered in the Unique Registry of Movable Guarantees referred to in the Commerce Code or deposited in general warehouses, including those goods granted in lease, regarding which there is no purchase option at the end of the contract term. The guarantee must be considered in an amount that does not exceed the current reasonable value, at which the good could be sold through a private contract between a seller and a buyer.

The guarantees provided for in article 32 bis 1 of the Commerce Code may not be previously registered in the Unique Registry of Movable Guarantees or covered by deposit certificates and pledge bonds issued by general warehouses and registered in the RUCAM.

Collection and fiduciary rights, understood as such to be value titles whose settlement must be carried out through the flows derived from the underlying assets, regarding which the Cooperative Savings and Loan Society must have ownership and disposal of the cash flows derived from the collection rights, in any foreseeable circumstance.

Included within the concept referred to in the previous paragraph are self-settling debts arising from the sale of goods or services linked to commercial operations, as well as amounts of any nature owed by buyers, suppliers, the Federal or State Public Administration, state productive enterprises, as well as other independent third parties not related to the sale of goods or services linked to a commercial operation. Admissible collection and fiduciary rights do not include those related to securitizations or sub-participations.

When the debtor makes payments directly to the assignor of the collection rights, trust, or collection administrator, the Cooperative Savings and Loan Society must periodically verify that these payments are forwarded to it within the terms included in the contract.

Participations in federal revenues or federal contributions, or both, corresponding to the federative entities or municipalities, which may be granted through:

Guarantee or administration trust, or both.

Irrevocable instructions or guarantee mandate contracts, or both.

Own revenues corresponding to the federative entities or municipalities, which may be granted through:

Guarantee or administration trust, or both.

Irrevocable instructions or guarantee mandate contracts, or both.

Deposit certificates and pledge bonds registered in the RUCAM, provided that the Cooperative Savings and Loan Society notifies the issuing general warehouse of said titles, that these were taken by said Cooperative Savings and Loan Society as guarantee and has the certification of the electronic file of the deposit certificate obtained in the RUCAM in which it is indicated that the corresponding annotations of the taking of the referred certificates and pledge bonds as guarantee by the Cooperative Savings and Loan Society were made.

For the purposes of what is provided by this annex, other similar instruments shall be understood as guarantee or administration trusts, or both, celebrated under article 382 of the General Law of Credit Titles and Operations, as well as irrevocable instructions or guarantee mandate contracts or both, referred to in article 2596 of the Federal Civil Code, both instruments contained in subsections d) and e) of this fraction.

III.

Savings and Loan Cooperative Societies, in order to use financial guarantees or non-financial guarantees and similar instruments for risk coverage purposes and for the qualification and constitution of credit reserves, must have available to the Commission evidence that accredits the following:

The subscription of contracts or other instruments documenting the constitution of the guarantees, in which the causes of default that generate the right of the Cooperative Savings and Loan Society to execute said guarantees are stated.

In the case of movable guarantees provided for in article 32 bis 1 of the Commerce Code, the consultation or certification obtained from the Unique Registry of Movable Guarantees, and regarding deposit certificates and pledge bonds, the consultation or, if applicable, the certification obtained from the Unique Registry of Certificates, Warehouses and Merchandise known by its acronym "RUCAM", referred to in article 22 Bis 6 of the General Law of Organizations and Auxiliary Credit Activities.

Regarding pledge bonds negotiated for the first time separately from the deposit certificate, Savings and Loan Cooperative Societies must have evidence that they complied with what is provided in article 236 of the General Law of Credit Titles and Operations. In the event that Savings and Loan Cooperative Societies take deposit certificates as guarantee, they must notify the general warehouses of such situation and have evidence thereof.

The adoption of necessary measures to ensure the conservation of the goods subject to the guarantees, which include their registration in the Public Property Registry corresponding; in the case of movable guarantees provided for in article 32 bis 1 of the Commerce Code, registration in the Unique Registry of Movable Guarantees, and in the case of participations in federal revenues, federal contributions, and other own revenues of states and municipalities, in the registry of loans and obligations of the corresponding federative entity, and in the Unique Registry referred to in the Law of Financial Discipline of the Federative Entities and Municipalities or the one that replaces it, as well as those necessary to exercise the right to compensation based on the transfer of ownership of non-financial guarantees.

Savings and Loan Cooperative Societies that take deposit certificates and pledge bonds must exercise the right consigned in the second paragraph of article 22 Bis 6 of the General Law of Organizations and Auxiliary Credit Activities and have the certification of the electronic file of the deposit certificate obtained in the RUCAM, in which it is indicated that the corresponding annotations of the taking of the referred certificates and pledge bonds were made.

The existence of risk management processes that, in addition to what is provided by title three, chapter II of these provisions, explicitly consider the legal, operational, liquidity, and market risks derived from the use of non-financial guarantees. These processes must comply with the requirements indicated in fraction VI of this annex.

The incorporation into credit policies and manuals derived from them, of guidelines and procedures for the administration of non-financial guarantees, in general, and elements for reducing estimation requirements, in specific. Regarding this, Savings and Loan Cooperative Societies must have policies to ensure that:

A frequent valuation of non-financial guarantees is carried out, in accordance with what is indicated in fraction VI of this annex, including tests and scenario analysis under unusual or extreme market conditions.

Updated information is available regarding the situation, location, and state of the non-financial guarantees received, as well as potential liquidation problems.

There is adequate risk diversification regarding non-financial guarantees.

Correct administration of guarantees is carried out, so that differences in maturity dates and the corresponding exposure periods are contemplated, once the non-financial guarantees expire.

Surveillance and attention to risks derived from external factors, which could affect the capacity of non-financial guarantees to face credit risk (for example, liquidity behavior in the non-financial guarantee market).

The governing bodies of the Cooperative Savings and Loan Society and the members know the policies related to the management and administration of risks, derived from the use of non-financial guarantees as credit risk coverage.

The establishment of methods and internal controls that ensure:

That the non-financial guarantees granted are not financial instruments issued by the same Common Risk Group to which the borrower belongs.

The observance of the conditions and terms established in the contracts, as well as the identification of any default by the counterparty, and consequently, the execution of the non-financial guarantees can be requested. For the purposes of the above, the default event defined in the contracts must consider situations where the debtor is in a credit portfolio with credit risk stage 3 in front of the Cooperative Savings and Loan Society, or when it is probable that the debtor will not fulfill all its credit obligations in front of the Society, the debtor has demanded the commercial bankruptcy of the debtor or the latter has requested it.

The taking of necessary measures to ensure the separation of non-financial guarantees from other assets when the guarantee is under the custody of a third party or the borrower itself.

IV.

The guarantees and similar instruments referred to in the previous fraction II of this annex, to guarantee their legal certainty, must at least:

Be duly constituted in favor of the Cooperative Savings and Loan Society in question:

In the case of participations in federal revenues, federal contributions, and other own revenues of the federative entities and municipalities, they must:

Have authorization from the local legislatures, in accordance with what is established in the corresponding local debt laws.

ii.

Be registered in the registry of loans and obligations of the corresponding federative entity.

iii.

Be registered in the Unique Registry referred to in the Law of Financial Discipline of the Federative Entities and Municipalities or the one that replaces it.

iv.

Have clear mechanisms for channeling resources in favor of the Cooperative Savings and Loan Societies for the payment of Financing, such as, a valid letter of irrevocable instruction to the Treasury of the Federation or through trusts or other structured products.

Have the opinion of an independent specialized legal firm, or that of the legal area of the Cooperative Savings and Loan Society, regarding the validity of the backing of the participations and contributions in federal revenues based on the documents backing the obligations of the federative entity or municipality with the Cooperative Savings and Loan Society.

vi.

Have the opinion of an independent specialized legal firm, or that of the legal area of the Cooperative Savings and Loan Society, in the case of credits guaranteed with own revenues, regarding the validity of the backing of said revenues.

In the case of real estate, they must:

Be legally enforceable in the jurisdiction and be duly constituted.

ii.

Be registered in the Public Property Registry in question.

iii.

Have agreements or clauses documenting the guarantees and allowing the Cooperative Savings and Loan Society in question to execute them.

In the case of collection and fiduciary rights, the documents or legal instruments in which they are stated must:

Ensure the enforceability of their yields.

ii.

Be binding on all parties and legally enforceable in the corresponding jurisdiction. Savings and Loan Cooperative Societies must monitor compliance with their terms, for which they will have the necessary mechanisms to allow such verification.

iii.

Establish certain and clearly defined procedures that allow the rapid collection of the cash flows generated by the collection rights. In any case, the procedures with which Savings and Loan Cooperative Societies must guarantee the observance of all pertinent conditions in the legal field for the declaration of client default and the rapid adjudication of the guarantee. Likewise, the documents or legal instruments in which the guarantees are stated must provide for the possibility of selling or assigning the collection rights to third parties without the prior consent of the debtors in cases where there are financial difficulties or default by the borrower.

Be free of liens with third parties or, in the contrary case, that the Cooperative Savings and Loan Society in question figures first in the order of payment, considering for such effect the appraisal of the guarantee.

Be easy to realize.

In the administration of movable and immovable goods, Savings and Loan Cooperative Societies must clearly document the characteristics that must be met to be accepted as non-financial guarantees and the policies for their administration, as well as ensure that the goods accepted as guarantee are insured in favor of the Cooperative Savings and Loan Society in question in case of damage or defects, and carry out continuous monitoring of the existence and degree of any preferential right over the property.

VI.

In the administration of risks related to the collateral referred to in fraction II of this annex, Savings and Loan Cooperative Societies must:

In the case of real estate, including residential use properties, related to credits that have been restructured or when it is probable that the debtor will not fulfill all their credit obligations to the Savings and Loan Cooperative Society, they must have an appraisal at least every three years or when market conditions are unstable at the discretion of the Commission, where the real existence and current physical state are evidenced, as well as the tracking of the existence and degree of any preferential right over the property.

The appraisals referred to in the previous paragraph must be carried out through valuation units or by professional appraisers, authorized by the Federal Mortgage Society, S.N.C., in accordance with what is established in the Transparency Law and the Promotion of Competition in Secured Credit regarding the authorization as a professional appraiser of real estate that is the object of secured credits for housing, and must be updated according to the policies of the Savings and Loan Cooperative Society in question.

When, as a result of the application of value estimates of the assets, some are identified whose value has decreased and new valuations are needed, the appraisal must be updated.

Likewise, when available information suggests that its value may have been significantly reduced, with respect to general market prices or when a default occurs, the real estate in question will not be considered as a credit risk mitigant.

In the case of receivables:

Have a clear process to determine the credit risk of receivables. This process must, among other aspects, include the analysis of the credit applicant's business and the economic sector in which it operates, considering the effects of the economic cycle, as well as the type of clients with whom it negotiates. In the event that they use information provided by the credit applicant to evaluate the credit risk of clients, Savings and Loan Cooperative Societies must examine the credit history of the credit applicant to corroborate its strength and credibility.

Ensure that the margin or coverage between the amount of the credit and the value of the receivables reflects all pertinent factors including the cost of adjudication, the degree of concentration of receivables coming from a single credit applicant, and the concentration risk with respect to the total positions of the Savings and Loan Cooperative Society in question.

Carry out a continuous and adequate monitoring process for each type of risk, whether direct or contingent, attributable to the guarantee used as coverage. This process must include reports on aging, control of commercial documents, debt base certificates, frequent audits of the guarantee, account confirmation, control of income from credited accounts, dilution analysis, and periodic financial analyses of both the credit applicant and the issuers of the receivables, especially in the case that the guarantee is formed by a small number of high-value receivables. Likewise, they must observe the concentration limits that the Savings and Loan Cooperative Society in question establishes for its guarantees in receivables, as well as the agreements related to the loan in question.

Ensure that the receivables pledged by a credit applicant are diversified. In the event that such receivables depend predominantly on the credit quality of the guarantor, the corresponding risks must be taken into consideration when establishing margins for the set of guarantees. Receivables coming from persons related to the credit applicant, including subsidiaries and employees, will not be recognized as risk coverages.

Have a documented collection process for receivables in situations of difficulty, including the necessary services to carry it out, even if the collection work is usually carried out by the credit applicant.

VII.

Assets granted under financial leasing may be recognized receiving the same treatment as admissible non-financial collateral, described in this annex, when Savings and Loan Cooperative Societies are not subject to residual value risk, which consists of the exposure of said Savings and Loan Cooperatives to a potential loss derived from the fall of the fair value of the asset below its estimated residual value at the beginning of the lease.

Savings and Loan Cooperative Societies must comply with the minimum requirements for the type of admissible collateral in question, in accordance with this annex, and additionally must observe the following criteria:

The lessor must carry out adequate risk management in accordance with the location of the asset, its use, its age, and its expected life cycle.

The lessor must have ownership of the asset, as well as the capacity to exercise its rights as owner in a timely manner.

The difference between the depreciation rate of the fixed asset and the amortization rate included in the lease payments must not be significant, in order to avoid overestimating the credit risk coverage attributed to the leased assets.

VIII.

Regarding Step-in and First-Loss Coverage Schemes, personal guarantees, credit insurance, or agricultural insurance, the following requirements must be met:

Have policies, procedures, and internal controls to carry out the coverage analysis that consider, at a minimum, the following:

The periodic evaluation of the credit quality of the entity providing Step-in and First-Loss Coverage Schemes, credit insurance, or agricultural insurance. For these purposes, it must consider, at a minimum, the monitoring and analysis of the Ratings assigned by Rating Agencies.

Regarding the Step-in Coverage Scheme or First-Loss Coverage Schemes, personal guarantees, credit insurance, or agricultural insurance, they must evaluate the way in which these operations were structured and the ease of their execution, considering, where applicable, other direct and contingent obligations on the Savings and Loan Cooperative Society or the entity providing these.

Have contracts or other instruments that document the constitution of the guarantees in which the assumptions and the procedure to exercise the guarantee are stated. Regarding this, the contracts, documents, or instruments in which the guarantees are stated must:

Ensure that the Savings and Loan Cooperative Society in question maintains the right to execute the guarantees legally in the event of default, insolvency, commercial bankruptcy, or any other similar event, and that the contract or instrument in which they are documented does not contain any clause that allows the Protection Provider to unilaterally cancel the coverage or increase the cost of the guarantee in the event of a deterioration in the credit quality of the covered position.

Be irrevocable and unconditional, so the contracts or instruments in which they are stated cannot contain any clause that allows the Protection Provider to exempt itself from paying in a timely manner in the event that the original counterparty presents any default. In any case, the contracts or other documents can only be modified with the agreement of the Savings and Loan Cooperative Society.

Be mandatory for the parties involved and legally enforceable in the corresponding jurisdictions.

Provide that, upon the occurrence of a default or non-payment by the debtor, the Savings and Loan Cooperative Society can immediately initiate actions against the Protection Provider regarding the pending payment obligations. Likewise, the contracts, documents, or instruments in which the guarantees are stated must stipulate that the guarantor can make a single payment covering the total amount of the pending obligations on the debtor, or can assume the future payment of the obligations on the debtor. In any case, the obligation of the Protection Provider must be established in the documentation formalizing the operation.

Comply with the legal requirements applicable to obtain and maintain the right to exercise Step-in and First-Loss Coverage Schemes, personal guarantees, credit insurance, and agricultural insurance, as well as carry out the necessary monitoring with the objective of ensuring compliance with said requirements.

Not recognize Step-in and First-Loss Coverage Schemes, personal guarantees, credit insurance, and agricultural insurance that are granted reciprocally between whoever provides any of these risk mitigation techniques and the Savings and Loan Cooperative Society beneficiary itself.

Reveal in notes to the financial statements the way in which they use Step-in and First-Loss Coverage Schemes to cover credit risk. This disclosure must be published in a general and aggregated manner, highlighting the amount covered by the Step-in Coverage Scheme or First-Loss Coverage Scheme.

IX.

Regarding Step-in and First-Loss Coverage Schemes or personal guarantees, Savings and Loan Cooperative Societies must ensure, at least, the following:

It must be an explicitly documented obligation assumed by the Protection Provider.

It cannot be unilaterally cancelled by the Protection Provider.

The Protection Provider must cover any type of payments that the debtor is obligated to make by virtue of the legal instrument regulating the operation.

Regarding credit insurance or agricultural insurance, the following must be attended to:

Savings and Loan Cooperative Societies, with respect to credit insurance, must at least comply with the following:

The insurance provider must be a specialized institution authorized by the National Commission of Insurance and Sureties to grant insurance and have at least Investment Grade in accordance with Annex J of these provisions.

The contracts or insurance policies of the insurance must:

Consider the conditions of partial or total default of a credit applicant.

ii.

Be legally enforceable in the corresponding jurisdiction. For this effect, they must allow the Savings and Loan Cooperative Society beneficiary to execute the insurance under the conditions and deadlines agreed, unless:

The Savings and Loan Cooperative Society in question fails to pay the insurance premium or the corresponding consideration for the granting of the guarantee.

It modifies without authorization of the granting entity the agreed conditions of the covered credits.

It cancels or transfers the insured credits under conditions different from those agreed, or commits any fraud related to the secured credit.

iii.

Not include clauses that allow the entity granting the insurance:

Cancel or revoke unilaterally, except for what is provided in sub-clause ii. of this clause.

Increase the cost of the insurance in the event of a deterioration in the credit quality of the covered position.

Object to or omit payment upon any default of the credit applicant, except for what is provided in sub-clause ii., sub-number 2) of this clause.

Cover, in addition to the principal, the ordinary interest corresponding by virtue of the credit contract.

The payment of the premium is up to date in accordance with what is contractually established.

In the case of coverage with agricultural insurance, the following must be considered:

Regarding credits intended to finance the primary activity of the agricultural sector, crop and animal damage insurance may be recognized as credit risk mitigants, when they comply with the following requirements:

Comply with the requirements established in clause a) of fraction X of this annex.

The contracts or policies include the Savings and Loan Cooperative Society as the direct beneficiary of the insurance, or there is some legal instrument that provides for such circumstance.

The insured amount covers, at least, the outstanding balance of the credit.

The corresponding insurance covers, at least, the following agricultural risks:

Frost.

ii.

Flood.

iii.

Clogging.

iv.

Heat wave.

Low temperatures.

vi.

Lack of floor to harvest.

vii.

Hail.

viii.

Fire.

ix.

Excess humidity (rain).

Impossibility to sow.

xi.

Drought.

xii.

Earthquake.

xiii.

Hurricane.

xiv.

Cyclone.

xv.

Tornado.

xvi.

Tromba.

xvii.

Strong winds.

ANNEX C BIS 2

STANDARD ADJUSTMENT FACTORS FOR FINANCIAL COLLATERAL

The following adjustment factors are expressed in percentages, assuming daily valuation of the asset at market prices, daily margin replenishment, and a holding period of 10 business days:

Adjustment Factors and Instruments and Assets

Instruments and Assets

Adjustment Factors

Risk Grade

ANNEX J

Remaining Maturity

Issuers with explicit Federal Government guarantee

Other Issuers

Less than or equal to 1 year

0.5

Greater than 1 and up to 5 years

Greater than 5 years

2, 3

includes unranked bank securities

Less than or equal to 1 year

Greater than 1 and up to 5 years

Greater than 5 years

All

Shares and convertible titles of investment funds

Securities with risk grades 5 or 6.

Investment Societies

The applicable adjustment factor will be the highest presented by the instruments in which the Society is permitted to invest.

Cash

ANNEX E

ACCOUNTING CRITERIA FOR SAVINGS AND LOAN COOPERATIVE SOCIETIES

CONTENT

SERIES A.

Criteria relative to the general scheme of accounting for savings and loan cooperative societies

A - 1

Basic scheme of the set of accounting criteria applicable to savings and loan cooperative societies

A - 2

Application of particular norms

A - 3

Application of general norms

A - 4

Supplementary application to accounting criteria

Series B.

Criteria relative to the concepts that make up the financial statements

B - 1

Cash and cash equivalents

B - 2

Repealed

B - 3

Repo transactions

B - 4

Credit portfolio

B - 5

Adjudicated assets

B - 6

Guarantees

B - 7

Custody and administration of assets

B - 8

Mandates

Series C.

Criteria applicable to specific concepts

C - 1

Repealed

C - 2

Repealed

C - 3

Securitization operations

Series D.

Criteria relative to the basic financial statements

D - 1

Statement of financial position

D - 2

Statement of comprehensive income

D - 3

Statement of changes in equity

D - 4

Statement of cash flows

A-1 BASIC SCHEME OF THE SET OF ACCOUNTING CRITERIA APPLICABLE TO SAVINGS AND LOAN COOPERATIVE SOCIETIES

Objective

This criterion aims to define the basic scheme of the set of accounting guidelines applicable to savings and loan cooperative societies (the entities).

Concepts that make up the basic structure of accounting in the entities

The accounting of the entities will adjust to the basic structure that, for the application of Financial Reporting Standards (NIF), was defined by the Mexican Council of Financial Reporting Standards, A.C. (CINIF), in NIF A-1 "Conceptual framework of financial reporting standards" (NIF A-1) or the one that replaces it.

In virtue of this, the entities will consider in the first instance the norms contained in NIF A-1, as well as what is established in criterion A-4 "Supplementary application to accounting criteria".

In this way, the entities will observe the accounting guidelines of the NIF, except when at the discretion of the National Banking and Securities Commission (CNBV) it is necessary to apply a specific regulation or accounting criterion, taking into consideration that the entities carry out specialized operations.

The CNBV regulation referred to in the previous paragraph will be at the level of recognition, valuation, presentation, and in its case, revelation norms, applicable to specific items within the financial statements of the entities, as well as those applicable to their preparation.

The application of accounting criteria, nor the concept of supplementarity, will not proceed in the case of operations that by express legislation are not permitted or are prohibited, or well, are not expressly authorized to the entities.

A-2 APPLICATION OF PARTICULAR NORMS

Objective and scope

This criterion aims to specify the application on the particular norms of the NIF, as well as clarifications to them.

The subject matter of this criterion is:

the application of some of the particular norms made known in the NIF, and

the clarifications to the particular norms contained in the NIF.

Financial Reporting Standards

In accordance with what is established in criterion A-1 "Basic scheme of the set of accounting criteria applicable to savings and loan cooperative societies", the entities will observe, until there is an express pronouncement by the CNBV, the particular norms contained in the bulletins or NIF detailed below, or in the NIF that replace or modify them:

Series NIF B "Norms applicable to financial statements as a whole"

Accounting changes and corrections of errors ................................................

B-1

Segment financial information .........................................................

B-5

Business combinations ........................................................................

B-7

Consolidated or combined financial statements ............................................

B-8

Financial information at interim dates ..................................................

B-9

Effects of inflation ..............................................................................

B-10

Disposal of long-lived assets and discontinued operations

.......................................................................................

B-11

Offsetting financial assets and financial liabilities ......................................

B-12

Subsequent events after the date of the financial statements .................................

B-13

Conversion of foreign currencies ...........................................................

B-15

Determination of fair value ..............................................................

B-17

Series NIF C "Norms applicable to specific concepts of financial statements"

Investment in financial instruments ..........................................................

C-2

Accounts receivable .................................................................................

C-3

Prepayments ..................................................................................

C-5

Property, plant and equipment ....................................................................

C-6

Investments in associates, joint ventures and

other permanent investments ..................................................................

C-7

Intangible assets ..................................................................................

C-8

Provisions, contingencies and commitments ...................................................

C-9

Equity .....................................................................................

C-11

Financial instruments with characteristics of liability and

equity ..............................................................................................

C-12

Related parties ................................................................................

C-13

Transfer and derecognition of financial assets ...................................................

C-14

Impairment of long-lived assets ..............................................................

C-15

Impairment of financial instruments receivable ............................................

C-16

Obligations associated with the removal of property,

plant and equipment ..................................................................................

C-18

Financial instruments payable .............................................................

C-19

Financial instruments to collect principal and interest ...................................

C-20

Joint control agreements ...................................................................

C-21

Series NIF D "Norms applicable to income determination problems"

Revenue from contracts with customers .............................................................

D-1

Costs from contracts with customers ...............................................................

D-2

Employee benefits .......................................................................

D-3

Leases .....................................................................................

D-5

Capitalization of comprehensive financing income .....................................

D-6

Likewise, the glossary of terms of the NIF will be applicable, with respect to the NIF detailed in this paragraph.

Additionally, the entities will observe the NIF issued by the CINIF on topics not foreseen in the accounting criteria for savings and loan cooperative societies, provided that:

they are in force;

they are not applied in advance to their validity;

they do not contravene the philosophy and general concepts established in the accounting criteria

for savings and loan cooperative societies, and

there is no express pronouncement by the CNBV.

Clarifications to the particular norms contained in the NIF

Taking into consideration that the entities carry out specialized operations, it is necessary to establish clarifications that adapt the particular norms of recognition, valuation, presentation, and in its case, revelation, established by the CINIF. In virtue of this, the entities, while observing what is established in the previous paragraphs, must adjust to the following:

B-5 Segment financial information

Entities must, where appropriate, segregate their activities according to the minimum segments indicated below:

a) Credit operations.- Corresponds to credits placed directly with individuals.

b) Treasury and investment operations.- Corresponds to investment operations carried out by the entity on its own account, such as: foreign exchange trading, investments in financial instruments, and repurchase agreements.

c) Operations on behalf of third parties.- Those through which the entity participates as an intermediary, such as: foreign exchange trading, receipt or issuance of payment orders and transfers; as well as the distribution and payment of products, services, and government programs.

B-9 Financial information at interim dates

6 The provisions of NIF B-9 "Financial information at interim dates" must be applied to the financial information issued at interim dates, including the quarterly information that must be published or disseminated through the Internet page corresponding to the society itself, in accordance with the General Provisions applicable to the activities of Savings and Loan Cooperative Societies published by the CNBV (the Provisions).

7 For the purposes of disclosing information issued at interim dates, entities must observe the provisions regarding the disclosure of financial information contained in criterion A-3 "Application of general standards" (Criterion A-3).

B-10 Effects of inflation

Determination of the monetary position

8 In the event of an inflationary environment based on what is stated in NIF B-10 "Effects of inflation" (NIF B-10), entities must disclose the initial balance of the main monetary assets and liabilities used to determine the monetary position of the period, differentiating, if applicable, those that affect from those that do not affect the financial margin.

Price index

9 Entities must use the value of the Investment Unit (UDI) as the price index.

Result from monetary position

10 The result from monetary position (REPOMO) that has not been capitalized in terms of what is established in NIF B-10, must be presented in the statement of comprehensive income in a specific item within the financial margin when it comes from financial margin items; otherwise, it will be presented within the item of other income (expenses) of the operation.

B-11 Disposal of long-lived assets and discontinued operations

11 Entities must disclose the breakdown of the net amount generated by discontinued operations required in NIF B-11 "Disposal of long-lived assets and discontinued operations" (NIF B-11), as well as the amount of income from continuing operations and from discontinued operations attributable to the controlling interest, instead of presenting such information in the statement of comprehensive income.

B-15 Conversion of foreign currencies

12 In the application of NIF B-15 "Conversion of foreign currencies", the exchange rate to be used to establish the equivalence of the national currency with the United States dollar will be the closing day exchange rate on the date of the transaction or preparation of the financial statements, as applicable, published by the Bank of Mexico on its Internet page, www.banxico.org.mx or the one that replaces it.

13 In the case of currencies other than the United States dollar, they must convert the respective currency to United States dollars. To carry out this conversion, they will consider the quotation that applies to the corresponding currency in relation to said dollar in international markets, as established by the Bank of Mexico in the applicable regulation.

14 Likewise, the amount of transactions denominated in foreign currency by the most relevant currencies for the entity, as well as the exchange rate used and its equivalent in national currency, must be disclosed in notes to the financial statements, in accordance with what is stated in the two preceding paragraphs.

B-17 Determination of fair value

15 Societies, in the determination of fair value, will consider the following:

a) regarding the securities or financial instruments referred to in article 198 of the Provisions, entities will not apply what is established in this NIF, being obliged to adhere at all times to what is established in Chapter II, of Title Fourth of the Provisions, and

b) in the case of assets or liabilities other than those indicated in the previous paragraph, NIF B-17 "Determination of fair value" (NIF B-17) must be applied when another particular NIF or accounting criterion requires or allows valuations at fair value and/or disclosures regarding the same.

C-2 Investment in financial instruments

16 The exception to irrevocably designate, upon initial recognition, a financial instrument to collect and sell, to be subsequently valued at its fair value with effects in the net result referred to in paragraph 32.6 of NIF C-2 "Investment in financial instruments" (NIF C-2), will not be applicable to entities.

Reclassifications

17 Entities that carry out reclassifications of their investments in financial instruments under section 44 of NIF C-2, must inform this fact in writing to the CNBV within the 10 business days following the authorization issued for such purposes by its Risk Committee or its equivalent, detailing the change in the business model that justifies it.

C-3 Accounts receivable

Scope

18 NIF C-3 "Accounts receivable" (NIF C-3) will only be applicable to the "other accounts receivable" referred to in paragraph 20.1 of said NIF.

19 For the purposes of NIF C-3, accounts receivable derived from the operations referred to in:

a) criteria B-3 "Repurchase agreements" (Criterion B-3) and B-4 "Credit portfolio" (Criterion B-4), issued by the CNBV, and

b) paragraph 52 of this criterion, relating to accounts receivable arising from operating lease operations, shall not be included.

The foregoing, since the recognition, valuation, presentation, and disclosure standards applicable are contemplated in the aforementioned criteria or in the NIFs that correspond.

Operations between the entity and its branches

20 The concepts resulting from operations between the entity and its branches will be cleared at least by the close of each month, so they must not have a balance on that date.

C-9 Provisions, contingencies, and commitments

Scope

21 What is established in NIF C-9 "Provisions, contingencies, and commitments" (NIF C-9) will not be applicable for the determination of guarantees granted, in which case the indication in criterion B-6 "Guarantees" will be followed.

C-11 Equity

22 In notes to the financial statements, in addition to what is established, the main characteristics and restrictions of the Social Reserve Fund constituted in accordance with applicable legislation must be disclosed.

C-12 Financial instruments with characteristics of liability and equity

23 According to the basic differences between liability and equity established in NIF C-12 "Financial instruments with characteristics of liability and equity" (NIF C-12), and that the excess or voluntary certificates referred to in the General Law of Cooperative Societies grant to their holders the same rights and obligations as those conferred by contribution certificates to their partners, savings and loan cooperative societies must recognize said excess or voluntary certificates as part of their share capital.

24 Notwithstanding the foregoing, the interest generated by said excess or voluntary certificates must be recognized as other accounts payable as they accrue, against the results of the exercise in the item of other income (expenses) of the operation.

C-13 Related parties

25 For the purposes of complying with the disclosure standards contained in NIF C-13 "Related parties" (NIF C-13), entities must additionally consider as a related party:

a) members of the board of directors, the supervisory board, the credit committee, or its equivalent;

b) persons other than key management personnel or relevant executives or employees who, with their signature, can generate obligations for the entity;

c) legal entities in which the key management personnel or relevant executives of the entity are board members or administrators or occupy any of the first three hierarchical levels in said legal entities, and

d) legal entities in which any of the persons indicated in the preceding subsections, as well as in NIF C-13, have command power, understood as the de facto capacity to decisively influence the agreements adopted in shareholders' meetings or board of directors sessions, or in the management, conduct, and execution of the business of the entity in question or of the legal entities it controls.

26 In addition to the disclosures required by NIF C-13, entities must disclose in aggregate, through notes to the financial statements, for related party operations that may be carried out, the following information:

a) a generic description of the operations, such as:

· credits granted or received;

· deposits payable on demand or at term received;

· operations with financial instruments where the issuer and the holder are related parties;

· provision and receipt of services;

· guarantees granted and received;

· sale and acquisition of credit portfolio, and

· those carried out through any person, trust, entity, or other legal figure, when the counterparty and source of payment of said operations depend on a related party.

b) any other information necessary for the understanding of the operation, and

c) the total amount of employee benefits granted to key management personnel or relevant executives of the entity.

27 Disclosure of related party operations is only required if they represent more than 5% of the net capital of the month prior to the date of preparation of the corresponding financial information. Net capital will be determined in accordance with the capital requirements established through the Provisions.

C-14 Transfer and derecognition of financial assets

28 Regarding the collateral received referred to in paragraph 44.7 of NIF C-14 "Transfer and derecognition of financial assets" (NIF C-14), the recipient must recognize the received collateral in off-balance sheet accounts. In cases where the recipient has the right to sell or pledge the collateral, the transferor must reclassify the asset, presenting it as restricted.

Recognition of financial assets

29 When the transfer results in a derecognition of the financial asset by the transferor, the receiving entity must recognize a financial asset (or portion thereof) or a group of financial assets (or portion of said group) in its statement of financial position, if and only if, it acquires the rights and contractual obligations related to said financial asset (or portion thereof). To do so, the entity must:

a) recognize the received financial assets at their fair value, which presumably corresponds to the price agreed upon in the transfer operation. Subsequently, said assets must be valued according to the corresponding criterion in accordance with their nature;

b) recognize the new rights obtained or new obligations incurred as a result of the transfer, valued at their fair value;

c) derecognize the consideration granted in the operation at its net book value (for example, considering any associated estimate) and recognizing in the results of the exercise any unamortized item related to said consideration, and

d) recognize in the results of the exercise any difference, if any, arising from the transfer operation.

C-16 Impairment of financial instruments receivable

Scope

30 For the purposes of NIF C-16 "Impairment of financial instruments receivable" (NIF C-16), assets derived from the operations referred to in Criterion B-4, issued by the CNBV, shall not be included, since the standards for the valuation, presentation, and disclosure of such assets are contemplated in the aforementioned criterion.

Estimation of expected credit losses

31 For those accounts receivable other than those related to credit portfolio, entities must, if applicable, create an estimate that reflects their degree of uncollectability. Such estimate must be obtained by applying what is provided in section 42 of NIF C-16.

32 Regarding operations with immediate collection documents not collected referred to in criterion B-1 "Cash and cash equivalents" (Criterion B-1), 15 calendar days following the date on which they were transferred to the item that gave rise to them, they will be classified as overdue debts and their estimate for the total amount thereof must be constituted simultaneously.

33 When the entity uses the practical solutions referred to in paragraph 42.6 of NIF C-16, the constitution of estimates must be for the total amount of the debt and must not exceed the following terms:

a) 60 calendar days following their initial registration, when they correspond to unidentified debtors, and

b) 90 calendar days following their initial registration, when they correspond to identified debtors.

34 No estimate of expected credit losses will be constituted for:

a) tax balances in favor, and

b) creditable value added tax.

35 Expected credit losses for the impairment of investments in financial instruments as indicated in section 45 of NIF C-2 must be determined in accordance with what is established in NIF C-16. Regarding this, although the CNBV does not establish specific methodologies for its determination, it would be expected that the expected credit losses for the impairment of titles issued by a counterparty, be consistent with the impairment determined for credits granted to the same counterparty.

C-19 Financial instruments payable

Scope

36 For the purposes of NIF C-19 "Financial instruments payable" (NIF C-19), liabilities related to the operations referred to in Criterion B-3 are not included, as they are contemplated in said criterion.

Traditional collection

37 The principal and interest of collection operations must continue to be recognized within the item of traditional collection as accounts with no movement:

a) that have not had movement by withdrawals or deposits, as well as,

b) those made with minors whose parents or guardians are not partners of the entity and, upon reaching the age of majority, do not opt to become partners, nor withdraw their contributions.

The foregoing, until they prescribe in favor of the entity's equity in accordance with applicable legislation. At the moment they prescribe in accordance with said legislation, the amount recognized as accounts with no movement must be canceled against the results of the exercise, in the item of other income (expenses) of the operation.

Bank loans and from other organizations

38 Entities must disclose in notes to the financial statements the total amount of bank loans, as well as that of other organizations, indicating the type of currency, as well as the maturity terms, guarantees, and average weighted rates to which they are subject, if applicable.

39 In the case of credit lines received by the entity in which not the entire authorized amount is exercised, the unused portion of them must not be presented in the statement of financial position. However, entities must disclose through notes to the financial statements the unused amount, attending to what is established in Criterion A-3, regarding the disclosure of financial information.

Other accounts payable

40 In notes to the financial statements, in addition to what is established, the main characteristics and restrictions of the Social Welfare Fund, and the Cooperative Education Fund, constituted in accordance with applicable regulation, must be disclosed.

Initial recognition of a financial instrument payable

41 What is established in paragraph 41.1.1 item 4 of NIF C-19, regarding using the market rate as the effective interest rate in the valuation of the financial instrument payable when both rates are substantially different, will not be applicable.

Financial instruments payable valued at fair value

42 The exception to irrevocably designate, upon initial recognition, a financial instrument payable to be subsequently valued at its fair value with effect in the net result referred to in section 42.2 of NIF C-19, will not be applicable to entities.

C-20 Financial instruments to collect principal and interest

43 For the purposes of NIF C-20 "Financial instruments to collect principal and interest" (NIF C-20), assets originated by the operations referred to in Criterion B-4, issued by the CNBV, shall not be included, since the standards for recognition, valuation, presentation, and disclosure for the initial and subsequent recognition of such assets are contemplated in said criterion.

Initial recognition of a financial instrument to collect principal and interest

44 What is established in paragraph 41.1.1 item 4 of NIF C-20 regarding using the market rate as the effective interest rate in the valuation of the financial instrument to collect principal and interest when both rates are substantially different, will not be applicable.

Fair value option

45 The option to irrevocably designate, upon initial recognition, a financial instrument to collect principal and interest, to be subsequently valued at its fair value with effect in the net result referred to in paragraph 41.3.4 of NIF C-20, will not be applicable to entities.

Loans to officials and employees

46 Interest originating from loans to officials and employees will be presented in the statement of comprehensive income in the item of other income (expenses) of the operation.

D-3 Employee benefits

47 Through notes to the financial statements, the identification of obligations for employee benefits must be disclosed in: short-term direct benefits, long-term direct benefits, termination benefits, and post-employment benefits.

D-5 Leases

Finance leases

Scope

48 What is established in this NIF will not be applicable to credits granted by the entity for finance lease operations, being the subject of Criterion B-4, with the exception of what is established in paragraph 62 of said Criterion B-4.

49 For the purposes of the requirements established in paragraph 42.1.4 item c) and item d) of NIF D-5, it will be understood that the lease term covers most of the economic life of the underlying asset, if such lease covers at least 75% of its useful life. Likewise, the present value of the lease payments is substantially all of the fair value of the underlying asset, if such present value constitutes at least 90% of said fair value.

Operating leases

Accounting for the lessor

50 For the amount of amortizations that have not been settled within 30 calendar days following the payment due date, the lessor must create the corresponding estimate, suspending the accumulation of rents, keeping control in off-balance sheet accounts in the item of other registration accounts.

51 The lessor must present the account receivable in the item of other accounts receivable in the statement of financial position, and the lease income in the item of other income (expenses) of the operation in the statement of comprehensive income.

52 A-3 APPLICATION OF GENERAL STANDARDS

Objective and scope

This criterion aims to specify the establishment of general application standards that entities must observe.

1 The subject of this criterion is the establishment of general standards that must be considered in the recognition, valuation, presentation, and disclosure applicable for accounting criteria for savings and loan cooperative societies.

Restricted assets

2 These are considered as such all assets regarding which there are circumstances by which they cannot be disposed of or used, and must remain in the same item from which they originated. Likewise, those assets arising from operations that are not settled on the same day, i.e., received with a value date different from the negotiation date, will be considered part of this category.

3 For this type of assets, this fact and their balance by type of operation must be disclosed in a note to the financial statements.

Goods promised for sale or with reservation of ownership

4 In cases where a promise of purchase or sale contract with reservation of ownership is entered into, the good must be recognized as restricted, according to the type of good in question, at the same book value it had on the date of signing said contract, even if a higher price was agreed upon. Said good will follow the same valuation, presentation, and disclosure standards, in accordance with the accounting criteria corresponding to it.

5 Payments received on account of the good will be recorded in the liability as an advance payment.

6 On the date the good promised for sale or sold with reservation of ownership is alienated, the profit or loss generated must be recognized in the results of the exercise as other income (expenses) of the operation.

7 In the event that the contract is rescinded, the good will cease to be recognized as restricted and those advance payments over which the entity can dispose or must settle in accordance with the conditions of the contract, will be recognized in the results of the exercise as other income (expenses) of the operation, or as other accounts payable, as applicable.

Clearing accounts

8 Regarding the active and passive operations carried out by entities, for example, in matters of investments in financial instruments and repurchase agreements, once these reach their maturity and while the corresponding settlement is not received or delivered, as agreed in the respective contract, the

amount of matured operations receivable or payableable must be recorded in clearing accounts

(debtors or creditors for operation settlement).

Likewise, for operations where immediate settlement or same-day value date is not agreed upon, including foreign exchange sales and purchases, at the trade date the amount receivable or payableable must be recorded in clearing accounts, until their settlement is effected. The estimation of expected credit losses corresponding to the aforementioned receivable amounts must be determined in accordance with what is established in NIF C-16.

For purposes of the presentation of financial statements, clearing accounts will be presented in the item of other receivable accounts (net) or other payableable accounts, as appropriate. The balance of debtor and creditor clearing accounts may be offset in terms of what is established by the offsetting rules provided in NIF B-12 "Offsetting of financial assets and financial liabilities" (NIF B-12).

With respect to the operations referred to in paragraph 10, the balance receivable or payableable must be disclosed, for each type of operation from which they originate (foreign exchange, investments in financial instruments, repos, etc.), specifying that these are operations agreed upon where settlement remains pending.

Estimates and various provisions

Estimates or provisions with undefined and/or unquantifiable purposes must not be created, increased or decreased against the results of the period. In all cases, entities must comply with the regulation that the CNBV indicates regarding the determination of estimates and/or provisions.

Accrued interest

Accrued interest for the different asset or liability items must be presented in the statement of financial position together with their corresponding principal.

Recognition or cancellation of assets and/or liabilities

The recognition or cancellation in the financial statements of assets and/or liabilities, including those originating from foreign exchange sales and purchases, investments in financial instruments and repos, will be carried out on the date that they economically affect the entity, regardless of the date on which they are carried out.

Disclosure of financial information

With regard to the disclosure of financial information, what is established in NIF A-1, Chapter 80 "Presentation and disclosure" must be taken into account, regarding the fact that the responsibility to provide information about the economic entity rests with its administration. Such information must meet certain fundamental qualitative and enhancement characteristics, such as relevance, faithful representation, comparability, verifiability, timeliness and understandability based on what is provided in NIF A-1, Chapter 40 "Qualitative characteristics of financial statements" (NIF A-1, Chapter 40).

Entities in compliance with the disclosure standards provided in these accounting criteria must consider materiality in terms of NIF A-1, Chapter 40, that is, they must show the most important aspects of the entity recognized accounting-wise as stated by that characteristic associated with relevance.

The foregoing implies, among other elements, that materiality requires the exercise of professional judgment regarding the circumstances that determine the facts reflected in the financial information. In the same sense, an appropriate balance must be obtained between the qualitative characteristics of financial information in order to meet the objective of the financial statements, for which an optimal point must be sought rather than the achievement of maximum levels of all qualitative characteristics.

However, with regard to materiality, this will not be applicable to information: a) required by the CNBV through general provisions issued for that purpose, different from those contained in these criteria; b) additional specific information required by the CNBV, related to its supervision activities, and c) required through the issuance or authorization, as appropriate, of special accounting criteria or records.

Disclosures related to the determination of fair value

Societies, regarding the updated price for valuation provided by the price provider in the determination of fair value in accordance with Chapter II of Title Four of the Provisions, in addition to what is stated in the accounting criteria or the corresponding NIFs, must disclose, at a minimum, the following: a) the level of the hierarchy of the updated price for valuation (or fair value hierarchy) within which the determinations of fair value are classified, in accordance with the following: i. Level 1, highest level, corresponding to prices obtained exclusively with Level 1 input data; ii. Level 2, prices obtained with Level 2 input data, and iii. Level 3, lowest level, for those prices obtained with Level 3 input data. b) in the event that there is any change in the valuation model, that change and the reasons for making it must be disclosed; c) when there are changes from one period to another in the classification of the hierarchy of the updated price for valuation with respect to the same value or financial instrument: i. the amounts of transfers between Level 1 and Level 2 of the hierarchy of the updated price for valuation, and ii. the amounts of transfers to or from Level 3 of the hierarchy of the updated price for valuation. d) for those updated prices for valuation classified in Level 3, a reconciliation of opening balances with closing balances must be performed, disclosing separately the changes during the period attributable to total gains or losses of the period recognized in net income and those recognized in other comprehensive income (OCI); e) when there is a significant decrease in volume or level of activity related to the normal market activity for a certain value or financial instrument, or in the presence of disorderly conditions, the adjustments that have been applied to the updated price for valuation, if any, must be explained, and f) the name of the price provider, which in its case provided the updated price for valuation or the name of the financial institution that issues the statement of account where the societies maintain investments.

Quantitative information must be disclosed in tabular format, unless another format is more appropriate.

Valuation of UDI

The value made known by the Bank of Mexico in the Official Gazette of the Federation, applied on the date of valuation, must be used.

A-4 SUPPLEMENTARY APPLICATION TO ACCOUNTING CRITERIA

Objective and scope

This criterion aims to clarify the application of the standards contained in NIF A-1, Chapter 90 "Supplementarity" (NIF A-1, Chapter 90) issued by CINIF, considering that, in applying it, the financial information is being prepared and presented in accordance with the accounting criteria for savings and loan cooperative societies.

Definition

For the purposes of the accounting criteria for savings and loan cooperative societies, the process of supplementarity applies when, in the absence of specific accounting standards issued by the CNBV in particular, and by CINIF in general, these are covered by a formal and recognized set of standards.

Concept of supplementarity and basic standard

In the absence of a specific accounting criterion of the CNBV for entities, and secondarily for credit institutions, or in a broader context, of the NIFs, the bases for supplementarity provided in NIF A-1, Chapter 90, mentioned above, will be applied, together with what is provided in the provisions of this criterion.

Other supplementary regulation

Only in the event that the International Financial Reporting Standards (IFRS) referred to in NIF A-1, Chapter 90, do not provide a solution to accounting recognition, one may opt for a supplementary standard that belongs to any other regulatory scheme, provided that it meets all the requirements indicated in the cited NIF A-1, Chapter 90, for a supplementary standard, as well as those provided in paragraph 6 of this criterion, applying supplementarity in the following order: a) Generally Accepted Accounting Principles (GAAP) definitive, applicable in the United States of America, and b) any accounting standard that is part of a formal and recognized set of standards.

For the purposes of the previous paragraph, it is considered that the GAAP applicable in the United States of America include both official (authoritative) and unofficial (nonauthoritative) sources, in accordance with what is established in Topic 105 of the Accounting Standards Codification (ASC) (Codification) of the Financial Accounting Standards Board (FASB), in the following order: a) official sources: the Codification, rules or interpretations of the Securities and Exchange Commission (SEC), Staff Accounting Bulletins, and SEC positions regarding the Consensus of the Board on Emerging Issues of the FASB (FASB Emerging Issues Task Force, EITF), and b) unofficial sources: widely recognized and preponderant practices either generally or in a specific industry, FASB Concepts Statements, documents of the American Institute of Certified Public Accountants (AICPA) Issues Papers, pronouncements of professional associations or regulatory agencies, and questions and answers of the Technical Information Service included in AICPA Technical Practice Aids.

Requirements of a supplementary standard and rules of supplementarity

In addition to what is established in the aforementioned NIF A-1, Chapter 90, the standards that are applied supplementarily must comply with the following: a) they cannot be applied in advance; b) they must not contravene the philosophy and general concepts established in the accounting criteria for savings and loan cooperative societies; c) the supplementarity process, if any, provided within each of the standards used supplementarily will not be applicable, except when such supplementarity meets the aforementioned subparagraphs and has the authorization of this CNBV, and d) the standards that have been applied in the supplementarity process will be replaced, at the moment that a specific accounting criterion is issued by the CNBV or an NIF on the topic in which said process was applied.

Disclosure standards

Entities that follow the supplementary process recorded in this criterion must communicate in writing to the vicepresidency of the CNBV in charge of their supervision, as well as to the Auxiliary Supervision Committee, within 10 calendar days following their application, the accounting standard that has been adopted supplementarily, as well as its basis of application and the source used. Additionally, entities must disclose via notes to the financial statements, the information requested in the cited NIF A-1, Chapter 90, and the quantification of its impacts on the financial statements.

B-1 CASH AND CASH EQUIVALENTS

Objective and scope

This criterion aims to define the specific standards relative to the recognition, valuation, presentation and disclosure in the financial statements of the items that make up the item of cash and cash equivalents in the statement of financial position of the entities.

Definitions

Cash .- Legal tender and foreign currency in cash, as well as deposits in financial entities made in the country or abroad available for the operation of the entity; such as, funds in checking accounts, bank drafts, telegraphic or postal transfers and remittances in transit.

Cash equivalents .- Short-term, highly liquid values, easily convertible to cash that are subject to insignificant risks of changes in their value and are held to meet short-term commitments rather than for investment purposes; they may be denominated in national or foreign currency; for example: immediate collection documents and highly liquid financial instruments.

Highly liquid financial instruments .- Securities whose disposal is expected within a maximum of 48 hours from their acquisition, generate returns and have insignificant risks of changes in their value.

Deposits in financial entities represented or invested in securities, that do not meet the assumptions provided in the two previous paragraphs, will be subject to NIF C-2.

Recognition standards

Cash must be initially recognized at its fair value, which is its nominal value.

All cash equivalents, in their initial recognition, must be valued at their fair value.

The returns generated by cash and cash equivalents will be recognized in the results of the period as they accrue.

Immediate collection documents "firm" will be recognized in accordance with the following: a) in the case of transactions with entities in the country, they must not contain unpaid items after 2 business days from the operation that gave rise to them, nor those that having been deposited in banks have been subject to return, and b) when they correspond to transactions with entities abroad, they must be recorded in cash and cash equivalents only if they are collectible within a maximum term of 5 business days.

When the documents indicated in the previous paragraph have not been collected within the aforementioned terms (2 or 5 days as appropriate), the amount of these will be transferred to the item that gave rise to it, that is, if they originate from: a) various debtors, the provisions of NIF C-3 or NIF C-20 must be attended to, as appropriate, or b) credit portfolio, the provisions of Criterion B-4 must be attended to.

Immediate collection documents "subject to good collection", for operations carried out with entities in the country or abroad, will be recorded in off-balance sheet accounts in the item of other registration accounts.

Acquired currencies that are agreed to be settled on a date subsequent to the trade date of the sales and purchase operation, will be recognized on that trade date as restricted cash and cash equivalents (currencies to be received), while, the sold currencies will be recorded as an outflow of cash and cash equivalents (currencies to be delivered). The counterparty must be a clearing account, creditor or debtor, as appropriate, in accordance with what is established in Criterion A-3.

Valuation standards

Cash must be maintained valued at its nominal value, while cash equivalents must be valued at their fair value.

Highly liquid financial instruments must be valued based on what is established in the standards on financial instruments, according to the business model that corresponds to each type of instrument.

Presentation standards

Statement of financial position

The item of cash and cash equivalents must be shown in the statement of financial position of the entities as the first item that makes up the asset, including restricted cash and cash equivalents.

In the event that there is an overdraft in checking accounts reported in the statement of account issued by the corresponding credit institution, the amount of the overdraft must be presented in the item of other payableable accounts, even if other checking accounts with the same credit institution are maintained. Similarly, if the compensated balance of currencies to be received with currencies to be delivered or any concept that makes up the item of cash and cash equivalents, were to show a negative balance, said concept must be presented in the item of other payableable accounts.

Statement of comprehensive income

The returns generated by deposits in financial entities, as well as the valuation effects of those constituted in foreign currency, will be presented in the statement of comprehensive income, as an interest income or expense, while the results from valuation and sale and purchase of foreign exchange will be grouped in the item of intermediation results, which refers to criterion D-2 "Statement of comprehensive income" (Criterion D-2).

Disclosure standards

The item of cash and cash equivalents will be disaggregated via notes to the financial statements including, as appropriate, cash, deposits in financial entities made in the country and abroad and, finally, other cash equivalents. Likewise, the following rules must be observed, as appropriate: a) when any item within the item has a restriction regarding availability or purpose to which it is destined, its amount, the reasons for its restriction and the probable date on which this will expire must be disclosed; b) in the event that the balance of cash and cash equivalents is presented in the liability, in terms of what is stated in paragraph 16, this fact and the causes that gave rise to it must be disclosed; c) the existence of cash and cash equivalents denominated in foreign currency must be disclosed, indicating its amount, type of currency involved, settlement term, exchange rates used for its conversion and its equivalent in national currency, and d) disclose the effect of subsequent events that, due to their importance, have substantially modified the valuation of cash and cash equivalents in foreign currency and in highly liquid financial instruments, between the date of the financial statements and the date on which these are authorized for issuance, in accordance with NIF B-13 "Events after the reporting period".

B-3 REPOS

Objective and scope

This criterion aims to define the specific standards relative to the recognition, valuation, presentation and disclosure in the financial statements, of repo operations.

The treatment of operations that, in accordance with what is established in NIF C-14, meet the requirements to derecognize the financial assets subject to the same, by virtue of the transfer of risks, benefits and control of said financial assets, is not the object of this criterion, so it must comply with what is established in NIF C-2.

Definitions

Financial asset .- A right arising from a contract, which grants monetary economic resources to the entity. Therefore, it includes, among others: a) cash or cash equivalents; b) financial instruments generated by a contract, such as an investment in a debt or equity instrument issued by a third party; c) a contractual right to receive cash or any other financial instrument from another entity, or d) a contractual right to exchange financial assets or financial liabilities with a third party on favorable terms for the entity.

Substantially similar financial assets .- Those financial assets that, among others, maintain the same primary obligor, identical form and type (thus generating substantially the same risks and benefits), same maturity date, identical contractual interest rate, similar collateral, same outstanding balance.

Derecognition of financial assets .- The total or partial elimination of a financial asset, previously recognized in the statement of financial position of an entity, which takes place when that item no longer meets the definition of an asset, that is, when the entity loses control over it.

Collateral .- The safeguard constituted by an asset or group of assets to guarantee the payment of the agreed consideration. For the purposes of repo operations, the collateral will at all times be those permitted in accordance with current regulation.

Consideration .- Cash and cash equivalents, the right to receive all or specific portions of cash flows from a trust, entity or other figure, equity financial instruments or any other type of asset that is obtained in a transfer of financial assets, including any obligation incurred. For the purposes of repo operations, the consideration will at all times be those permitted in accordance with current regulation.

Amortized cost .- A historical cost valuation basis applicable to financial assets and financial liabilities, and reflects the present value of future cash flows. For variable rate instruments, the discount rate is updated to reflect changes in the same. The amortized cost of a financial asset or a financial liability is updated over time to describe subsequent changes, such as the accrual of interest, the impairment of the financial asset and collections and payments.

Equity financial instruments .- Any document or security, originated by a contract that evidences the participation or the option to participate in the net assets of an entity.

Effective interest method .- It is used in the calculation of the amortized cost of a financial instrument to distribute its effective interest income or expense in the corresponding periods of the life of the financial instrument.

Cash-oriented repo operations .- Transaction motivated by the need of the reporting party to obtain cash financing and the intention of the reporting entity to invest its excess cash.

Value-oriented repo operations .- Transaction motivated by the need of the reporting entity to temporarily access certain specific financial instruments and the intention of the reporting party to increase the returns on its investments in financial instruments.

Fixed price at maturity .- It is that right or obligation, as the case may be, represented by the price agreed plus the interest for the repo, agreed upon in the operation.

Agreed price .- Represents the right or obligation to receive or deliver resources, agreed at the start of the operation.

Reporting party (Reportada):

That entity that receives cash, through a repo operation, in which it transfers

financial assets as collateral, with the obligation to return the cash and agreed repo interest to the reporter at the end of the operation.

Reporter.- The entity that delivers cash, through a repo operation, in which it receives financial assets as collateral, with the obligation to return them to the reported party at the end of the operation and receiving the cash plus the agreed repo interest.

Repo.- Operation by means of which the reporter acquires for a sum of money the ownership of certificates of credit, and undertakes to transfer to the reported party the ownership of as many titles of the same kind, within the agreed term and against reimbursement of the same price plus a premium. The premium remains in benefit of the reporter, unless otherwise agreed.

Effective interest rate.- It is the rate that exactly discounts the estimated future cash flows that will be collected or settled during the expected life of a financial instrument in the determination of its amortized cost; its calculation must consider the contractual cash flows and the transaction costs related.

Repo rate.- It is the rate agreed upon which determines the payment of interest for the use of cash in the repo operation.

Fair value.- It is the exit price that, at the valuation date, would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants.

Characteristics

Economic and legal substance of repo operations

For legal purposes, repo operations are considered as a sale where an agreement to repurchase the transferred financial assets is established. However, the economic substance of the repo operations is that of a collateralized financing, where the reporter delivers cash as financing, in exchange for obtaining financial assets that serve as protection in case of default.

In this regard, the financial assets granted as collateral by the reported party, which do not meet the requirements to be derecognized in terms of what is established by NIF C-14, continue to be recognized in their statement of financial position, since they retain the risks, benefits and control of them; that is, if there were any change in the fair value, accrual of interest or dividends were declared on the financial assets granted as collateral, the reported party is the one who is exposed, and therefore recognizes, such effects in its financial statements.

In contrast, those operations where economically the reporter acquires the risks, benefits and control of the transferred financial assets cannot be considered as repo operations, being subject to NIF C-2.

Intentionality of repo operations

In repo operations there are generally two types of intentions, either from the reported party or from the reporter: the "cash-oriented" or the "value-oriented".

In a "cash-oriented" repo, the intention of the reported entity is to obtain financing in cash, using financial assets as collateral for this purpose; on the other hand, the reporter obtains a return on its investment at a certain rate and, not seeking any specific value, receives financial assets as collateral to mitigate the credit risk exposure it faces with respect to the reported party.

In this sense, the reported party pays the reporter interest on the cash received as financing, calculated based on the agreed repo rate (which is usually lower than the rate existing in the market for uncollateralized financing). On the other hand, the reporter achieves returns on its investment whose payment is secured through the collateral.

In a "value-oriented" repo, the intention of the reporter is to temporarily access certain specific values that the reported party possesses (for example, if the reporter through a previous repo operation in which it acts as the reported party, contracted an obligation on a value similar to the object of the new operation), providing cash as collateral, which serves to mitigate the exposure to the risk faced by the reported party with respect to the reporter.

In this regard, the reported party pays the reporter the agreed interest at the repo rate for the implicit financing obtained on the cash it received, where said repo rate is generally lower than what would have been agreed in a "cash-oriented" repo.

In repo operations, a agreed price is usually agreed whose value is above or below the cash exchanged, so the difference existing between the exchanged cash and the agreed price has the purpose of protecting the counterparty that is exposed to the risks of the operation (for example, against market risk). If the operation is "cash-oriented", the reported party generally grants financial assets as collateral at an agreed price lower than the market value, so its fair value is higher with respect to the cash received; in contrast, if it is "value-oriented" the reporter will generally receive titles as collateral at an agreed price higher than the market value, so its fair value is below the cash granted.

The delivery of collateral can occur at the beginning of the operation or during the life of the repo with respect to variations in the fair value of the granted collateral.

Considering all the above, however, the economic intention, the accounting treatment of the "cash-oriented" or "value-oriented" repo operations is the same.

Recognition and valuation rules

Reporter

On the date of contracting the repo operation, acting as the reporter entity, it must recognize the outflow of cash and cash equivalents, or a creditor settlement account, registering a receivable account measured initially at the agreed price, which represents the right to recover the cash delivered.

During the life of the repo, the receivable account referred to in the previous paragraph, will be valued at its amortized cost, by recognizing the repo interest in the results of the period as it accrues, in accordance with the effective interest method, affecting said receivable account.

The financial assets that the reporter has received as collateral must be treated in accordance with what is established in the following section.

Collateral granted and received other than cash

The collateral granted by the reported party to the reporter (other than cash), must be recognized as follows:

a) the reporter will recognize the received collateral in off-balance sheet accounts, following for its valuation the guidelines established in the accounting criterion for savings and loan cooperative societies that corresponds;

b) the reporter, when selling the collateral, must recognize the resources derived from the transaction, as well as a payable account for the obligation to return the collateral to the reported party (measured initially at the agreed price) which will be valued at its fair value (any difference between the price received and the value of the payable account will be recognized in the results of the period);

c) in the event that the reported party fails to meet the conditions established in the contract and therefore cannot claim the collateral, the reporter must recognize in its statement of financial position the entry of the collateral, as established in these criteria according to the type of asset involved, against the receivable account referred to in paragraph 32, or in its case, if it had previously sold the collateral, it must derecognize the payable account referred to in subsection b), relative to the obligation to return the collateral to the reported party;

d) the reporter must recognize the collateral in its financial statements only in off-balance sheet accounts, with the exception of what is established in subsection c) above, that is, when the risks, benefits and control of the collateral have been transferred due to the default of the reported party, and

e) the off-balance sheet accounts recognized for received collateral by the reporter must be cancelled when the repo operation reaches its maturity or there is default by the reported party.

In the case of operations where the reporter sells the received collateral, it must keep in off-balance sheet accounts the control of said sold collateral, following for its valuation the guidelines of the accounting criterion for savings and loan cooperative societies that corresponds.

The off-balance sheet accounts recognized for received collateral that in turn have been sold by the reporter must be cancelled when the entity acquires the sold collateral to return it to the reported party, or if there is default by the counterparty.

Presentation rules

Statement of financial position

The receivable account that represents the right to receive the cash, as well as the accrued interest must be presented within the statement of financial position, under the item of debtors for repo.

The collateral received from the reported party must be presented in off-balance sheet accounts under the item of collateral received by the entity.

The payable account referred to in subsection b) of paragraph 35, which represents the obligation of the reporter to return to the reported party the collateral that it had sold, must be presented within the statement of financial position, under the item of sold or pledged collateral.

The off-balance sheet accounts referred to in paragraph 36, with respect to those collateral received by the reporter that in turn have been sold, must be presented under the item of received and sold collateral or pledged collateral by the entity.

Statement of comprehensive income

The accrual of repo interest derived from the operation will be presented under the item of interest income.

The difference referred to in subsection b) of paragraph 35 that, if any, was generated by the sale will be presented under the item of intermediation result.

The fair value valuation of the payable account referred to in subsection b) of paragraph 35, which represents the obligation of the reporter to return to the reported party the collateral that it had sold, will be presented under the item of intermediation result.

Offsetting of financial assets and liabilities

For the purposes of offsetting between financial assets and liabilities acting as the reporter entity, it must comply with what is stated in NIF B-12.

Disclosure rules

Entities must disclose through notes to the financial statements, the information corresponding to the repo operations in the following manner:

a) that relating to the total amount of operations carried out;

b) amount of repo interest recognized in the results of the period;

c) average terms in the contracting of outstanding repo operations;

d) type and total amount by type of asset of the received collateral;

e) of the received and in turn sold collateral, the total amount by type of asset, and

f) the agreed rate in relevant operations.

B-4 CREDIT PORTFOLIO

Objective and scope

The present criterion aims to define the particular rules relative to initial and subsequent recognition, valuation, presentation and disclosure in the financial statements of the credit portfolio of the entities.

This criterion also includes the accounting guidelines relative to the recognition and presentation of the preventive estimation for credit risks.

The following are not subject to this criterion:

a) the establishment of the methodology for the qualification and constitution of the preventive estimation for credit risks;

b) the accounting rules relative to financial instruments, which are traded in recognized markets and that the entity maintains in its own position, even if they are linked to credit operations, being subject to NIF C-2 or NIF C-20, as the case may be, and

c) receivables from members and other receivables, which are subject to NIF C-3.

Definitions

Borrower.- The member or legal entity to whom a credit is granted and who is obligated to pay the capital and other benefits agreed with the grantor.

Aforo.- The amount of the nominal value of the credit rights transferred in a financial factoring operation, which the receiver does not finance to the factored or transferor and which is obligated to deliver to this latter, once the collection of the portfolio subject to factoring is carried out.

Financial lease.- It is that which transfers to the lessee substantially all the risks and benefits inherent to the ownership of the underlying asset.

Portfolio qualification.- Methodology used by entities to determine the credit risk associated with the credits granted by them.

Payment capacity.- For the purposes of this criterion, it will be understood that payment capacity exists when the conditions that, for savings and loan cooperative societies for this purpose established by the Provisions are met.

Credit risk portfolio stage 1.- Are all those credits whose credit risk has not increased significantly since their initial recognition until the date of the financial statements and that are not in the circumstances to be considered stage 2 or 3 in terms of this criterion.

Credit risk portfolio stage 2.- Includes those credits that have shown a significant increase in credit risk since their initial recognition until the date of the financial statements in accordance with what is provided in the calculation models of the preventive estimation for credit risks established or permitted in the Provisions, as well as what is provided in this criterion.

Credit risk portfolio stage 3.- Are those credits with credit impairment originated by the occurrence of one or more events that have a negative impact on the future cash flows of said credits in accordance with what is provided in this criterion.

Write-off.- It is the cancellation of the credit when there is evidence that the formal collection efforts have been exhausted, and as a consequence, the entity's administration determines that it has no reasonable expectations of recovering it, either totally or partially.

Assignment of credit rights.- Those financing operations by virtue of which the ownership of credit rights is transmitted to any entity. Acquisitions of credit portfolios will not be considered operations of Assignment of credit rights.

Consolidation of credits.- It is the integration into a single credit, of two or more credits granted by the same entity to the same borrower.

Amortized cost.- It is a historical cost valuation basis applicable to financial assets and financial liabilities, and reflects the present value of future flows. For variable rate instruments, the discount rate is updated to reflect changes in it. The amortized cost of a financial asset or of a financial liability is updated over time to describe subsequent changes, such as the accrual of interest, the impairment of the financial asset and collections and payments.

Transaction costs.- Are incremental costs directly attributable to the acquisition or generation of a credit, that is, those in which the entity would not have incurred if it had not acquired or generated the credit, proceed directly from the transaction and are an essential part of it. Additionally, transaction costs attributable to the restructuring or renewal of the credit will be considered.

Credit.- It is a transaction by which an entity delivers to a borrower an amount of cash as financing, which must be returned by the borrower within a certain term, adding, an amount for concept of interest. This without prejudice to what the applicable legal provisions establish.

Housing credits.- To the direct credits denominated in national currency or in investment units (UDIs), as well as the interest they generate, granted to individuals and destined for the acquisition, construction, remodeling or improvement of housing without commercial speculation purpose that carry a mortgage guarantee on the borrower's housing. Additionally, credits granted for such purposes to exempted persons of the entities and those liquidity credits guaranteed by the borrower's housing are included.

Commercial credits.- The following direct or contingent credits denominated in national currency or in UDIs, as well as the interest they generate, are considered as such:

a) credits and microcredits granted to their borrowers who are individuals with business activity and destined for their commercial activity;

b) credits from financial factoring operations;

c) productive microcredit;

d) credits from financial leasing operations that are destined for their commercial activity with their borrowers, and

e) liquidity loans granted to other savings and loan cooperative societies in conformity with the applicable legislation.

Consumer credits.- To direct credits, including liquidity ones that do not carry real estate guarantee, denominated in national currency or in UDIs, as well as the interest they generate, granted to individuals, derived from credit card operations, personal loans, payroll loans (distinct from those granted via credit card), credits for the acquisition of durable consumer goods (known as ABCD), which includes among others the auto credit and financial leasing operations that are celebrated with individuals; including those credits granted for such purposes to exempted persons of the entities.

Restricted credits.- Those credits are considered as such with respect to which there are circumstances by which they cannot be disposed of or used, and must be presented as restricted; for example, the credit portfolio that the transferor entity grants as guarantee or collateral in securitization operations.

Debtor of the credit rights.- The individual or legal entity to whom the credit rights transferred from the factored (transferor) to the factor (receiver) in a financial factoring operation are originally exigible.

Preventive estimation for credit risks.- An affectation that is made against the results of the period and which measures that portion of the credit that is estimated will not have collectability viability.

Factored (Transferor).- The individual or legal entity that transfers the credit rights it has in its favor, whose payment obligation is borne by the debtor of the credit rights subject to financial factoring.

Financial factoring.- Operation by virtue of which the factor agrees with the factored, who may be an individual or legal entity, to acquire credit rights that the latter has in its favor for a determined or determinable price, in national currency or UDIs, regardless of the date and the form in which it is paid, it being possible to agree that the factored remains obligated to respond for the punctual and timely payment of the credit rights transmitted to the factor.

Factor (Receiver).- The entity that acquires the credit rights in favor of the factored (Transferor).

Credit line.- It is an agreement that, by its contractual conditions, has the characteristic of putting at the member's disposal a credit; that is, a certain amount of money for a determined period of time, including overdraft lines in deposits with immediate exigibility.

Effective interest method.- It is the one used in the calculation of the amortized cost of the credit portfolio to distribute its effective interest income or expense in the corresponding periods of the life of the credit portfolio.

Productive microcredit.- It is that credit granted by the entity to its borrowers or to groups of borrowers, destined to finance their productive activity and whose source of payment constitutes the flows originated by said productive activity. In any case, the groups of borrowers mentioned must be jointly or severally liable.

Discount operation.- Operation by virtue of which the discounting entity undertakes to anticipate to the discounted party the amount of a credit, against a third party and with future maturity, in exchange for the alienation in favor of the discounting entity of said credit, decreased by an interest in favor of the discounting entity.

Payment.- Real delivery of the thing or quantity due or the provision of the service that has been agreed. Financial income from accrual derived from financial leasing, financial factoring operations, nor interest that is capitalized will not be considered as payment.

Write-offs, discounts, forgiveness, bonuses and discounts that are made to a credit or group of credits are not considered payments.

Sustained credit payment.- Borrower's payment compliance without delay for the total exigible amount of principal and interest, in accordance with what is established in the sustained credit payment section, contained in this criterion.

Restructuring.- It is that renegotiation from which any modification to the original conditions of the credit results, among which are:

· change of the interest rate established for the remaining term of the credit;

· change of accounting unit;

· concession of a waiting period with respect to the fulfillment of payment obligations according to the original terms of the credit;

· extension of the credit term;

· modification of the agreed payment scheme, or

· expansion of guarantees that cover the credit in question.

Renewal.- It is that renegotiation in which the balance of a credit is settled partially or totally by the de debtor, its joint and several obligors or another person who by their patrimonial links constitutes common risks with the debtor, through the increase in the original amount of the credit, or with the product derived from another credit contracted with the same entity or with a third party who by their patrimonial links with the latter constitutes common risks.

Notwithstanding the above, a credit will not be considered renewed by the provisions that are made during the validity of a pre-established credit line, as long as the borrower has settled the

totality of the payments due to it in accordance with the original conditions of the credit.

Credit risk.- For the purposes of this standard, it is defined as the potential loss due to the non-payment of a borrower or counterparty in the operations carried out by the entities, including the real or personal guarantees granted to them, as well as any other mitigation mechanism used by the entities.

Outstanding balance.- For the purposes of this standard, it is composed of the amount effectively granted to the borrower, adjusted by the accrued interest that has been recognized in accordance with what is established in this standard, other financed concepts, principal and interest collections, as well as by the write-downs, forgiveness, bonuses and discounts that have been granted.

Effective interest rate.- It is the rate that exactly discounts the estimated future cash flows to be collected during the expected life of a credit in the determination of its amortized cost; its calculation must consider the contractual cash flows and the related transaction costs.

Unsecured residual value.- It is the part of the residual value of the underlying asset, whose realization by the lessor is not assured or that is only guaranteed by a related party of the same.

Recognition and valuation standards

Business model

The business model refers to how the society administers or manages the credit portfolio to generate cash flows. That is, the entity's business model determines whether the cash flows will proceed from the obtaining of contractual cash flows, from the sale of the credit portfolio, or from both.

The entity's business model to administer or manage the credit portfolio is a matter of fact and not of mere intention or assertion. It is generally observable through the activities carried out by the entity to achieve the objective of the business model.

The credit portfolio must be recognized in terms of this standard, if the objective of the business model is to hold it to collect contractual cash flows and the terms of the contract provide for cash flows on predetermined dates, which correspond only to payments of principal and interest on the amount of principal outstanding. If the above is not met, it must be treated in accordance with what is established in NIF C-2.

To determine if the contractual cash flows of the credit portfolio will be realized through their collection, it is necessary to consider the frequency, value and timing of credit portfolio sales in previous periods, the reasons for said sales and the expectations on future sales activity. However, isolated sales do not determine the business model; instead, information on past sales and expectations on future sales provide evidence related to the way in which the entity's stated objective to administer or manage the credit portfolio is achieved and, specifically, how the cash flows are realized. The entity must consider information on past sales in the context of the reasons for said sales and the conditions that existed at that time compared to the current ones.

The business model may be to hold the credit portfolio to collect its cash flows, even if the entity sells it when there is an increase in its credit risk. Regardless of its frequency and value, sales originating from an increase in the credit risk of the credit portfolio are not inconsistent with a business model whose objective is to hold it to collect contractual cash flows, because the quality of credit risk is relevant in terms of the entity's capacity to collect contractual cash flows. Credit risk management activities that seek to minimize potential credit losses due to credit deterioration are an integral part of a business model.

The entity must document the tests it performs to determine that a credit or portfolio of credits meets the assumption that the contract's cash flows correspond only to payments of principal and interest, or that due to its characteristics it must be valued at fair value.

Credits or credit portfolios previously evaluated, whose contractual conditions are modified and in the case of new products, must be subject to the tests referred to in the previous paragraph, and must be authorized by the entity's Credit Committee, as well as communicated in writing to the CNBV within the 10 calendar days prior to their application, detailing the justification for their classification within the business model for collection of principal and interest, for negotiation or for collection and sale.

The entity must periodically evaluate, in accordance with its established policies for such purposes, the characteristics of its business model to classify the credit portfolio based on its objective. The aforementioned policies must be duly documented.

The CNBV may, at any time, order that financial instruments that had been valued at fair value be valued at their amortized cost, when in its judgment there are elements to conclude that their business model is to hold them to collect the corresponding contractual cash flows to their principal and interest.

Initial recognition

The transaction price corresponding to the net financed amount must be quantified, which results from adding or subtracting from the original amount of the credit, the insurance that has been financed, the transaction costs, commissions, interest and other items charged in advance. Such transaction price corresponds to the fair value of the credit portfolio at initial recognition and will be the basis for applying the effective interest method with the effective interest rate; that is, it is the basis for the calculation of the amortized cost of the credit portfolio for its subsequent recognition.

The balance in the credit portfolio will be the amount effectively granted to the borrower and will be recorded independently of the transaction costs, as well as the items charged in advance referred to in the previous paragraph, which will be recognized as a deferred charge or credit, as appropriate and must be amortized against the results of the exercise during the life of the credit, in accordance with the effective interest rate. In the case of commissions charged and transaction costs related to the granting of credit cards, they must be recognized directly in the results, at the time of granting the credit.

For the purposes of the previous paragraph, transaction costs include, among others, fees and commissions paid to agents, advisors and intermediaries, appraisals, investigation expenses, as well as the credit evaluation of the debtor, evaluation and recognition of guarantees, negotiations for the terms of the credit, preparation and processing of credit documentation and closing or cancellation of the transaction, including the proportion of compensation to employees directly related to the time invested in the development of those activities. On the other hand, transaction costs do not include premiums or discounts, which are part of the fair value of the credit portfolio at the time of the transaction.

Any other expense that is not associated with the granting of the credit such as those related to promotion, advertising, potential partners, administration of existing credits (follow-up, control, recoveries, etc.) and other auxiliary activities related to the establishment and monitoring of credit policies, will be recognized directly in the results of the exercise as they accrue in the item corresponding to them according to the nature of the expense.

The commissions charged and transaction costs originating from a credit line will be recognized at that moment as a deferred credit or charge, which will be amortized against the results of the exercise for the period corresponding to the term granted in the credit line. In the event that the credit line is cancelled, the outstanding balance to be amortized must be recognized directly in the results of the exercise in the corresponding item on the date the line is cancelled.

Determination of the effective interest rate

To determine the effective interest rate, the entity must follow the following steps:

determine the amount of estimated future cash flows to be received. - By summing the principal and the interest that will be received in accordance with the credit's payment scheme, during the contractual term, or in a shorter term if there is a probability of payment before the maturity date or other circumstance that justifies the use of a shorter term;

determine the effective interest. - By deducting from the estimated future cash flows to be received, determined in accordance with the previous paragraph, the net financed amount, determined in accordance with the previous paragraph 50, and

determine the effective interest rate. - It represents the relationship between the amount referred to in the previous paragraph 1 and the net financed amount referred to in paragraph 50 above.

When in terms of the previous paragraph 1, the entity uses a term shorter than the contractual one, it must have sufficient evidence of the circumstances that justify the application of this option.

The effective interest rate may be determined for a portfolio of credits as long as the contractual terms, as well as the costs and income associated with their granting are identical for the entire portfolio.

When in accordance with the terms of the contract, the interest rate is modified periodically, the effective interest rate calculated at the beginning of the period may be the one used during the entire life of the credit, that is, it should not be redetermined for each period. The above must be supported by the accounting policies of each entity.

There is a presumption that future cash flows and the expected life of the credit can be reliably estimated; however, in those cases where it is not possible to reliably estimate the future cash flows or the estimated life of the credit(s), the entity must use the contractual cash flows. The above must be duly documented and authorized by the entity's credit committee.

Acquisition of credit portfolios

On the commitment date, that is, the one on which the entity commits to acquire the credit portfolio, it must be recognized in accordance with the type of portfolio that the transferor had classified it; applying the following steps:

determine the fair value of the acquired credit portfolio, which corresponds to the price of the transaction, and

the transaction costs must be added to the aforementioned fair value. This amount corresponds to the value at which the acquired credit portfolio must be recognized, being the basis for applying the effective interest method with the effective interest rate.

The amount determined in the previous paragraph 2 minus the amount of the preventive estimate for credit risks, determined in accordance with what is stated in this standard, which must take into account the defaults that the credit has presented since its origin, represents the amortized cost of the acquired credit portfolio.

The balance to be recorded for the acquired portfolio will be the one indicated in paragraph 1 of the previous paragraph and will be recorded independently of the transaction costs, which will be recognized as a deferred charge, and must be amortized against the results of the exercise during the life of the credit, in accordance with the effective interest rate.

The calculation of the effective interest rate referred to in the immediate previous paragraph, must be carried out as follows:

the amount of estimated future cash flows to be received for principal and interest in accordance with the agreed payment scheme during the contractual term, or in a shorter term, if there is a probability of payment before the maturity date or other circumstance that justifies the use of a shorter term, must be determined, and

the effective interest rate must be determined, which corresponds to the relationship between the amount determined in the previous paragraph 1 and the amount determined in step 2 of paragraph 59.

In the event that there is any difference between the value of the acquired credit portfolio on the commitment date and on its settlement date, it must be recognized as part of the interest to be collected.

Financial leasing operations

In financial leasing operations, in which the entity acts as lessor, it will recognize at the beginning of the contract within its credit portfolio the contractual value of the leasing operation plus the unsecured residual value that will accumulate for the benefit of the lessor, against the cash outflow. The financial income to be accrued will be recognized based on the outstanding balance of the credit against the results of the exercise, in the item of interest income, in accordance with NIF D-5 "Leases".

For the security deposits received by the lessor, it must register the cash inflow against the corresponding liability.

When the lessee chooses to participate in the sale price of the goods to a third party, the entity will recognize the income corresponding to it at the time of the sale against the results of the exercise as other income (expenses) of the operation.

Financial factoring operations

At the beginning of the operation, the value of the received portfolio will be recognized in the asset against the cash outflow, the agreed underwriting recognized as other accounts payable, and, if applicable, the financial income to be accrued that derives from factoring operations.

The financial income to be accrued referred to in the previous paragraph, will be determined, if applicable, by the difference between the value of the received portfolio deducted from the underwriting and the cash outflow. Such financial income to be accrued must be recognized within the item of deferred credits and advance collections and recognized in the statement of comprehensive income in accordance with the effective interest rate, attending to what is established in the previous paragraph 55.

In the event that the operation generates interest, these will be recognized as they accrue.

The amount of advances that, if any, are granted will be recognized as part of the financial factoring operations, within the concept of commercial credits.

Subsequent recognition

In subsequent recognition, the credit portfolio must be valued at its amortized cost, which must include increases by the accrued effective interest, decreases by the amortization of transaction costs and items charged in advance, as well as decreases by principal and interest collections and by the preventive estimate for credit risks.

Commissions that are recognized after the granting of the credit, those that are generated as part of the maintenance of said credits, as well as those that are charged for credits that have not been placed, will be recognized against the results of the exercise on the date they accrue. In the case of commissions charged for credit card annual fees, they will be recognized as a deferred credit and will be amortized over a period of 12 months against the results of the exercise in the item of commissions and fees charged.

Reclassifications

The entity must reclassify the credit portfolio only in the case that its business model is modified. Such changes must be infrequent and determined by the highest authority of the entity in operational decision-making, that is, by the general manager or operations manager, or a group of executives and must be the result of external or internal changes that are significant for the entity's operations and that can be demonstrated to third parties.

The reclassifications must be communicated in writing to the CNBV, within the 10 business days following their determination, detailing the change in the business model that justifies them. The reclassification must be made prospectively and must not modify previously recognized gains or losses.

If the entity reclassifies a credit portfolio valued at fair value with effect in results, to be valued at its amortized cost, its fair value at the date of reclassification must be its initial amortized cost, calculating the effective interest rate in terms of paragraph 61 of this standard.

If the entity reclassifies a credit portfolio valued at fair value with effect in other comprehensive income, said effect must be cancelled against the value of the credit portfolio, so that it remains valued at its amortized cost, as if it had always been recognized on this basis.

Renegotiation of credit portfolio

If the entity restructures a credit with credit risk stages 1 and 2, or by means of a renewal it partially liquidates it, it must determine the gain or loss in the renegotiation as follows:

determine the book value of the credit without considering the preventive estimate for credit risks;

determine the new future cash flows, on the amount restructured or partially renewed, discounted at the original effective interest rate, and

recognize the difference between the book value and the cash flows determined in subsection b) above as a deferred charge or credit against the gain or loss from credit portfolio renegotiation in the statement of comprehensive income.

The amount of the restructured or partially renewed credit will serve as the basis for applying the original effective interest rate, which must only be adjusted, if applicable, to include, the transaction costs, commissions and other items charged in advance generated in the renegotiation. The deferred items referred to in paragraph 51 pending amortization, as well as those originating in the renegotiation, will be amortized during the new term of the credit based on the effective interest rate.

For the purposes of paragraph 75, the book value of the credit is considered to be the amount effectively granted to the borrower, adjusted by the accrued interest, other financed concepts, principal and interest collections, as well as by the write-downs, forgiveness, bonuses and discounts that have been granted, and if applicable, the transaction costs and items charged in advance.

The determination of the gain or loss from renegotiation referred to in paragraph 75, will not be applicable to credit cards, to the credits referred to in paragraph 54, or to credits with credit risk stage 3.

If the entity renews a credit, it will be considered that there is a new credit so the previous credit must be written off in the case of a total renewal.

Credit lines

In the case of credit lines that the entity has granted, in which not all of the authorized amount is exercised, the unused part of them must remain recognized in off-balance sheet accounts.

Other considerations of subsequent recognition

Partial payments received in kind to cover the amortizations (principal and/or interest) accrued, overdue or written off, will be registered in accordance with what is established in standard B-5 "Assets Adjudicated" (Standard B-5).

Categorization of the credit portfolio by credit risk level

Credit portfolio with stage 1 credit risk

Credits granted and acquired by the entity will be recognized in this category, as long as they do not meet the categorization criteria referred to in the sections of Transfer to credit portfolio with stage 2 credit risk and Transfer to credit portfolio with stage 3 credit risk.

Transfer to credit portfolio with stage 2 credit risk

Credits must be recognized as credit portfolio with stage 2 credit risk, attending to what is provided in the Provisions, with the exception of the credits described in the following paragraph.

Transfer to credit portfolio with stage 3 credit risk

The outstanding balance in accordance with the payment conditions established in the credit contract, must be recognized as credit portfolio with stage 3 credit risk when:

it is known that the borrower is declared in commercial bankruptcy, in accordance with the Commercial Bankruptcy Law.

Without prejudice to what is provided in this paragraph, credits that continue to receive payment in terms of what is provided by section VIII of article 43 of the Commercial Bankruptcy Law, as well as credits granted under the protection of article 75 in relation to sections II and III of article 224 of the aforementioned Law, will be transferred to credit portfolio with stage 3 credit risk when they incur in the circumstances provided for in the following paragraph 2.

the amortizations of non-revolving consumer credits, microcredits and housing credits, which have been partially paid, as long as the debts correspond to:

Credits with

Calendar days overdue

Single payment of principal and interest

at maturity

30 or more days in principal and interest

Single payment of principal at

maturity and with periodic

interest payments

90 or more days in interest, or

30 or more days in principal

Periodic partial payments of

principal and interest

90 or more days in principal or interest

For the purposes of what is provided in this paragraph, the payment made in each billing period will be used to liquidate first the oldest overdue billing and then the subsequent one, if there is one, and so on until the most recent billing.

the amortizations of credits that are not considered in the previous paragraph, whose amortizations have not been fully liquidated in the terms originally agreed, as long as the debts correspond to:

Credits with

Calendar days overdue

Single payment of principal and interest

at maturity

30 or more days in principal and interest

Single payment of principal at

maturity and with periodic

interest payments

90 or more days in interest, or

30 or more days in principal

Periodic partial payments of

principal and interest

90 or more days in principal or interest

the immediate collection documents referred to in Standard B-1, will be reported as portfolio

with credit risk Stage 3 when they had not been collected according to the deadline established in the aforementioned Criterion B-1.

Credits regarding which entities have some element to determine that they must migrate from Stage 1 or 2 to Stage 3 shall be recognized as credit portfolio with credit risk Stage 3, in accordance with what is provided in the Provisions.

With respect to the deadlines referred to in paragraphs 2 and 3 of paragraph 84, monthly periods may be used, regardless of the number of days each calendar month has, in accordance with the following equivalences:

One calendar month 30 days

Three calendar months 90 days

Likewise, regarding credits where the payment conditions established in the credit contract stipulate payments with a frequency less than one calendar month, for the purpose of the aforementioned deadlines, entities must consider the following equivalences:

Contractual payment frequency Equivalence

Biweekly 2 fortnights More than 6 fortnights

Bi-fortnightly (every 14 days) 2 fortnights More than 6 fortnights

Decadal (every 10 days) 3 decades More than 9 decades

Weekly 4 weeks More than 13 weeks

Likewise, if the fixed deadline falls on a non-working day, said deadline shall be understood as concluded on the next working day.

In the case of credit portfolio acquisitions, for the determination of the days overdue and their corresponding transfer to credit portfolio with credit risk Stage 3 as indicated in paragraphs 84 to 86, the defaults presented by the borrower since their origination must be taken into account.

Credits with credit risk Stage 3 or Stage 2 in which the pending payable balances (principal and interest, among others) are fully settled, or, if they are restructured or renewed credits, those that comply with sustained payment of the credit, shall be returned to credit portfolio with credit risk Stage 1.

Renegotiations

Credits with credit risk Stage 2 or Stage 3 that are restructured or renewed cannot be classified in a stage with lower credit risk as a result of said restructuring or renewal, until there is evidence of sustained payment.

Credits with single principal payment at maturity, regardless of whether interest is paid periodically or at maturity, that are restructured during their term or renewed at any time, must be transferred to the immediate next category with higher credit risk, and remain in that stage until there is evidence of sustained payment, in accordance with what is established in this criterion.

Drawn credit lines that are restructured or renewed at any time must be transferred to the immediate next category with higher credit risk, unless there are elements that justify the debtor's payment capacity and there is:

full settlement of all due interest, and

coverage of all payments to which the debtor is obligated under the contract as of the date of restructuring or renewal.

In the case of commercial credits, the elements that justify payment capacity must be duly documented and integrated into the credit file.

Regarding disbursements made under a credit line, when they are restructured or renewed independently of the credit line that covers them, they must be evaluated in accordance with this section taking into account the characteristics and conditions applicable to the restructured or renewed disbursement or disbursements.

As a result of the evaluation referred to in the previous paragraph, if it is concluded that one or more of the disbursements granted under a credit line must be transferred to the immediate next category with higher credit risk as a result of their restructuring or renewal, and such disbursements, individually or collectively, represent at least 25% of the total drawn balance of the credit line as of the date of restructuring or renewal, the total drawn balance, as well as subsequent disbursements, must be transferred to the immediate next category with higher credit risk.

The total drawn balance of the credit line may be transferred to a classification with lower credit risk when there is evidence of sustained payment of the disbursements that originated said transfer, and all due obligations of the total credit line have been met as of the evaluation date.

Credits with credit risk Stage 1 and 2 with characteristics different from those indicated in paragraphs 90 to 94 above that are restructured or renewed, without at least 80% of the original credit term having elapsed, may remain in the same category, only when:

the borrower has covered all accrued interest as of the date of renewal or restructuring;

the borrower has covered the principal of the original credit amount that should have been covered as of the date of renewal or restructuring, and

the grace period, if any, provided for in the original credit conditions has not been extended.

When it concerns credits with credit risk Stage 1 and 2, with characteristics different from those indicated in paragraphs 90 to 94 above that are restructured or renewed during the final 20% of the original credit term, they must be transferred to the immediate next category with higher credit risk unless the borrower has:

settled all accrued interest as of the date of renewal or restructuring;

covered the principal of the original credit amount that should have been covered as of the date of renewal or restructuring, and

covered 60% of the original credit amount.

In case the conditions described in paragraphs 95 or 96 above are not met, as applicable, the credit must be transferred to the immediate next category with higher credit risk from the moment it is restructured or renewed and until there is evidence of sustained payment.

The requirement referred to in paragraphs 95 and 96 above in their corresponding subsections a) shall be considered met when, having covered the accrued interest as of the last cutoff date, the time elapsed between said date and the restructuring or renewal does not exceed the lesser of half the current payment period and 90 days.

Credits with credit risk Stage 1 and 2 that are restructured or renewed more than once must be transferred to credit portfolio with credit risk Stage 3, unless, in addition to the conditions established in paragraphs 95 and 96 above, as applicable, the entity has elements that justify the debtor's payment capacity. In the case of commercial credits, such elements must be duly documented and integrated into the credit file.

When there is a pending balance corresponding to profit or loss due to renegotiation and the credit must be transferred to credit portfolio with credit risk Stage 3 in accordance with the previous paragraph, the entity must recognize said balance in the results of the period.

100

In the case where a restructuring or renewal consolidates various credits granted by the same entity to the same borrower, each of the consolidated credits must be analyzed as if they were restructured or renewed separately, and if such analysis concludes that one or more of said credits would have been transferred to credit portfolio with credit risk Stage 2 or Stage 3 as a result of said restructuring or renewal, then the total balance of the consolidated credit must be transferred to the category corresponding to the credit subject to consolidation with higher credit risk.

101

Credits classified in the credit risk Stage 2 as a result of a restructuring or renewal must be evaluated periodically to determine if there is an increase in their risk that originates that they must be transferred to the credit risk Stage 3 stage in terms of paragraph 84 above.

102

Restructurings that, as of the date of the operation, present payment compliance for the total due amount of principal and interest and only modify one or more of the following original credit conditions shall not be subject to transfer to a category with higher credit risk as a result of their restructuring:

Guarantees: only when they imply the expansion or substitution of guarantees with others of better quality.

Interest rate: when the agreed interest rate is improved for the borrower.

Currency or unit of account: provided that the rate corresponding to the new currency or unit of account is applied.

Payment date: only in the case that the change does not imply exceeding or modifying the payment frequency. In no case shall the change in the payment date allow for payment omission in any period.

Expansion of the credit line: only in the case of consumer credits granted through revolving credit lines.

Sustained payment of the credit

103

Sustained payment of the credit is evidenced when the borrower covers the total due amount of principal and interest without delay, with a minimum of three consecutive amortizations of the credit's payment scheme when they are amortizations of 60 days or less, or the payment of two amortizations in the case of credits with periods between 61 and 90 natural days, and in the case of credits with amortizations that cover periods greater than 90 natural days, the payment of one amortization.

104

When the amortization periods agreed in the restructuring or renewal are not homogeneous, the number of periods representing the longest term must be considered, for the purposes of accrediting sustained payment.

105

For restructurings where the payment frequency is modified to shorter periods, the number of amortizations of the original credit scheme must be considered.

106

In the case of consolidated credits, if in accordance with paragraph 101, two or more credits had originated the transfer to credit portfolio with credit risk Stage 2 or Stage 3, to determine the required amortizations, the original payment scheme of the credit whose amortizations equate to the longest term must be attended to.

107

In all cases, in demonstrating that there is sustained payment, the entity must have available to the CNBV and the Auxiliary Supervision Committee evidence justifying that the borrower has payment capacity at the time the restructuring or renewal is carried out to meet the new credit conditions.

108

The elements that must be taken into account for the purposes of the previous paragraph are at least the following: the intrinsic default probability of the borrower, the guarantees granted for the restructured or renewed credit, the payment priority vis-à-vis other creditors, and the borrower's liquidity in the new financial structure of the financing.

109

Regarding credits with single principal payment at maturity, regardless of whether interest payment is periodic or at maturity, it is considered that there is sustained payment of the credit when any of the following scenarios occur:

the borrower has covered at least 20% of the original credit amount at the time of restructuring or renewal, or

the amount of accrued interest has been covered in accordance with the payment scheme for restructuring or renewal corresponding to a term of 90 days and at least said term has elapsed.

110

Credits that are restructured or renewed more than once, that have been agreed with single principal payment at maturity, regardless of whether interest payment is periodic or at maturity, will evidence sustained payment of the credit when:

the borrower covers at least 20% of the pending principal as of the date of the new restructuring or renewal;

the amount of accrued interest has been covered in accordance with the new payment scheme for restructuring or renewal corresponding to a term of 90 days and at least said term has elapsed, and

the entity has elements that justify the debtor's payment capacity. In the case of commercial credits, such elements must be duly documented and integrated into the credit file.

111

The early payment of amortizations of restructured or renewed credits, other than those with single principal payment at maturity, regardless of whether interest is paid periodically or at maturity, is not considered sustained payment. This is the case of amortizations of restructured or renewed credits that are paid without the natural days equivalent to the periods required in accordance with paragraph 104 having elapsed.

112

In all cases, credits that as a result of a restructuring or renewal are transferred to a stage with higher credit risk must remain a minimum of three months in said stage to evidence sustained payment and consequently be transferred to the immediate next stage with lower credit risk, except when it concerns restructured or renewed credits that were granted for a term of 6 months or less and that are not restructured or renewed consecutively for the same term. The foregoing shall not be applicable to credits with principal payment at maturity, regardless of whether interest payment is periodic or at maturity, in which case paragraph 110 shall apply.

Suspension of interest accumulation

113

The accumulation of accrued interest on credit operations must be suspended at the moment the outstanding balance of the credit is considered as having credit risk Stage 3.

Likewise, the pending amortization balance of transaction costs, as well as items paid in advance established in paragraph 51, and if existing, the effect of the pending profit or loss in renegotiation to be amortized against the results of the period, must be recognized.

114

The suspension of interest accumulation established in the previous paragraph shall be applicable to credits that contractually capitalize interest to the debt amount.

115

While the credit remains in credit portfolio with credit risk Stage 3, interest control will be kept in off-balance sheet accounts. If said interest or financial income is collected, it will be recognized directly in the results of the period in the item of interest income, canceling in the case of financial leasing and financial factoring operations, and the corresponding financial income to be accrued.

116

In case the interest registered in off-balance sheet accounts in accordance with the previous paragraph is forgiven or written off, it must be canceled from off-balance sheet accounts without affecting the item of preventive estimate for credit risks.

Preventive estimate for credit risks

117

The amount of the preventive estimate for credit risks must be determined based on the different methodologies established or authorized by the CNBV for each type of credit and level of credit risk through the Provisions, as well as by additional estimates required in various regulations and those ordered and recognized by the CNBV, and must be recognized in the results of the period corresponding to the period.

118

The additional estimates recognized by the CNBV referred to in the previous paragraph are those constituted to cover risks that are not foreseen in the different credit portfolio classification methodologies, and over which, prior to their constitution, entities must inform the CNBV of the following:

origin of the estimates;

methodology for their determination;

amount of estimates to be constituted, and

time estimated to be necessary.

119

Regarding credits with credit risk Stage 3 in which the capitalization of previously registered accrued interest not collected in off-balance sheet accounts is agreed in their restructuring, the entity must create an estimate for 100% of said interest. The estimate may be canceled when there is evidence of sustained payment.

120

The estimate of expected credit losses corresponding to items directly related to the credit portfolio such as legal expenses, will be determined by applying the same risk percentage assigned to the associated credit, in accordance with what is established in the Provisions.

Credits denominated in UDIS

121

For the case of credits denominated in UDIS, the estimate corresponding to said credits will be denominated in the original unit of account that corresponds.

Write-offs, eliminations, and recoveries of credit portfolio

122

The entity must periodically evaluate whether a credit with credit risk Stage 3 must remain in the statement of financial position, or rather, be written off. In any case, there must be evidence of formal collection efforts that have been exercised, as well as elements that evidence the practical impossibility of recovering the credit in accordance with the entity's internal policies duly established in its credit manual.

123

The write-off referred to in the previous paragraph will be carried out by canceling the credit balance, determined as uncollectible by administration, against the preventive estimate for credit risks. When the credit to be written off exceeds the balance of its associated estimate, before carrying out the write-off, said estimate must be increased up to the amount of the difference.

124

In addition to what is established in paragraph 123, the entity may opt to eliminate from its assets those credits with credit risk Stage 3 that are 100% provisioned in accordance with what is indicated in paragraphs 118 and 119, even if they do not meet the conditions to be written off. For such purposes, the entity must cancel the outstanding balance of the credit against the preventive estimate for credit risks.

125

Any recovery resulting from previously written-off or eliminated credits in accordance with the previous paragraphs must be recognized in the results of the period, in the item of preventive estimate for credit risks, unless the recoveries come from payments in kind, whose treatment must be carried out in terms of Criterion B-5.

126

The costs and expenses incurred for the recovery of credit portfolio must be recognized as an expense within the item of other income (expenses) of the operation.

Discounts, forgiveness, bonuses, and discounts on the portfolio

127

Discounts, forgiveness, bonuses, and discounts, that is, the amount forgiven of the credit payment in partial or total form, will be recorded charged to the preventive estimate for credit risks. In case the amount of these exceeds the balance of the estimate associated with the credit, estimates must previously be constituted up to the amount of the difference.

128

The treatment disposed in the previous paragraph will be applicable to those amounts that the entity forgives the borrower, resulting from an increase in credit risk. Not so, for example, discounts and bonuses, which are not associated with the increase in credit risk, which must be reduced from the income that gave rise to them.

Cancellation of excesses in the preventive estimate for credit risks

129

When the balance of the preventive estimate for credit risks has exceeded the amount required in accordance with paragraphs 118 and 119, the differential must be canceled in the period in which such excesses occur, against the results of the period, affecting the same concept or item that originated it, that is, the preventive estimate for credit risks.

Sale of credit portfolio

130

For credit portfolio sale operations in which the conditions established to derecognize a financial asset in accordance with NIF C-14 are not met, the entity must keep in the asset the amount of the sold credit and recognize in the liability the amount of resources coming from the recipient.

131

In cases where a sale of credit portfolio is carried out, in which the conditions to derecognize a financial asset established in NIF C-14 are met, the estimate associated with it must be canceled.

Presentation standards

Statement of financial position

132

the portfolio will be grouped according to its level of credit risk, that is, with credit risk Stage 1 or with credit risk Stage 2 and with credit risk Stage 3, according to the type of credit granted, whether commercial, consumer, or housing credits, and in turn, classified according to the destination of the credit. Regarding this, when two or more classification options are viable in accordance with this criterion, the one that is consistent with that used for the purposes of calculating its preventive estimate for credit risks must be applied;

the preventive estimate for credit risks must be presented in a separate item, subtracted from that of the credit portfolio;

the amount of transaction costs and income associated with the granting of credit that form part of the effective interest determined in accordance with this criterion, must be presented net as a separate item, affecting the total of the credit portfolio;

the financial asset representing the financing granted to the transferor referred to in criterion C-3 "Securitization Operations" will be presented as part of the commercial portfolio;

interest collected in advance must be presented together with the portfolio that gave rise to it;

the liability for guarantee deposits will be presented in the item of other accounts payable;

within the item of other accounts payable, if its relative importance warrants it, the credit balances of credits will be presented, for example, when there is a balance in favor coming from revolving credits because the borrower made a payment greater than the due amount;

the liability derived from credit portfolio sale operations will be presented in the item of bank loans and from other organizations;

the unused amount of the credit lines that the entity has granted will be presented in off-balance sheet accounts in the item called credit commitments, and

the amount of accrued interest not collected from credit portfolio with credit risk Stage 3 will be presented in off-balance sheet accounts, in the item of accrued interest not collected derived from credit portfolio with credit risk Stage 3

derivatives from credits that remain in the portfolio with stage 3 credit risk, as well as

accrued financial income not collected from financial leasing operations,

financial factoring, that remain in the portfolio with stage 3 credit risk.

Statement of Comprehensive Income

133

Interest income shall be grouped together, comprising accrued interest, financial income accrued in

financial leasing and financial factoring operations, and the result from the revaluation of UDIS

(creditor balance) and the gain from the effect of credit portfolio renegotiation. Likewise, interest expense shall be grouped

together, comprising the result from the revaluation of UDIS (debtor balance) and the loss from the effect of

credit portfolio renegotiation.

134

The estimated provision for credit risks, as well as the result from the revaluation of UDIS originating from the

UDIS-denominated estimate, shall be presented as a specific line item, immediately after the financial margin.

135

Commissions and fees charged shall include commissions other than those associated with

the granting of credit, including commissions charged for credit card annual fees.

136

The gain or loss derived from the sale of credit portfolios shall be presented in the line item of other income

(expenses) from operations, as applicable.

Disclosure Standards

137

Through notes to the financial statements, the following shall be disclosed at a minimum:

main policies and procedures established for the granting, acquisition, sale, control

and recovery of credits, as well as those related to the evaluation and monitoring of credit

risk;

the characteristics of the business model to determine that the credit portfolio should be

valued at amortized cost, as well as a brief description of the tests referred to in

paragraph 46 above;

in the case of reclassifications due to changes in the business model, it shall be disclosed:

the date of reclassification;

ii.

a detailed explanation of the changes in the business model and a qualitative

description of its effect on the entity's financial statements;

iii.

the amount reclassified into each of those categories or outside of them, and

iv.

the category from which the credit portfolio exits and into which it enters.

main policies for classifying the credit portfolio as restricted, as well as a brief

description of the reasons therefor;

policies and procedures established to determine concentrations of credit risk;

breakdown of the total balance of the credit portfolio by credit risk level stage 1, stage 2 and

stage 3, as well as by type of credit (business or commercial activity, liquidity loans to

other savings and loan cooperative societies, consumer, and medium or residential and social

interest), distinguishing those denominated in national currency and UDIS;

the amount of credits that the entity has migrated from stage 1 or stage 2 to stage 3, in

accordance with what is established in the Provisions;

amount and nature of guarantees received, and the terms and conditions associated with the

collateral;

identification by type of credit (business or commercial activity, liquidity loans to other

savings and loan cooperative societies, consumer, and medium or residential and social

interest), of the balance of the portfolio with stage 3 credit risk from the date it was

classified as such, in the following timeframes: 1 to 180 calendar days, 181 to 365 calendar

days, 366 calendar days to 2 years and more than 2 years in such classification;

in aggregate, the percentage of concentration and main characteristics of the portfolio by

sector, region or economic group, understanding the latter as groups of natural and legal

persons who, due to their patrimonial or liability links, constitute common risks, as well as

the amount exposed to risk by the portfolio sharing such characteristics;

the amounts of transaction costs, as well as the elements justifying their direct relationship

with the granting of credit;

explanation of the main variations in the portfolio with stage 3 credit risk identified, among

others: restructurings, renewals, adjudications, haircuts, eliminations, write-offs,

transfers to and from portfolio with stage 3 credit risk and stage 1 and stage 2;

amount of those credits that, in terms of numeral 1 of paragraph 84 above, have remained

in the portfolio with stage 3 credit risk due to continuing to receive payment in terms of

what is provided in fraction VIII of article 43 of the Law on Business Bankruptcy Proceedings, or

by having been granted under the protection of article 75 in relation to fractions II and III of

article 224 of the aforementioned Law. Said amount shall be disclosed stratified, if applicable,

by each article and, if applicable, fraction;

brief description of the methodology for determining estimated provisions for credit risks;

balance of the estimated provision for credit risks, broken down according to the

methodologies for the rating of the credit portfolio, as well as by type of credit (business

or commercial activity, liquidity loans to other savings and loan cooperative societies, consumer,

and medium or residential and social interest);

movements made to the estimated provision for credit risks during the

exercise due to its creation, write-offs, eliminations, cancellations, haircuts,

forgiveness, recoveries and adjudications, among others, for each type of credit and for each

credit risk stage;

amount derived from the cancellation of the estimated provision for credit risks, and the

reasons that motivated such cancellation;

amount and origin of the estimates recognized by the CNBV, as well as the methodology used

for their determination;

amount of credits that, in accordance with paragraph 125, were eliminated from assets, breaking down

those granted to related parties;

amount of estimates corresponding to undrawn credit lines;

amount of credits with stage 3 credit risk that, in accordance with paragraph 123, were

written off, breaking down those granted to related parties;

financing to related parties shall be presented or disclosed separately, in

accordance with NIF C-13;

the main policies and procedures related to the granting of restructurings and renewals,

including restructurings or renewals that consolidate various credits granted by the

same entity to the same borrower, as well as the elements taken into account to evidence

sustained payment;

total accumulated amount of restructured and/or renewed by type of credit (business or

commercial activity, liquidity loans to other savings and loan cooperative societies, consumer,

and medium or residential and social interest) distinguishing those originated in the

exercise. Each of these amounts shall be broken down into:

credits with stage 2 and 3 credit risk that were restructured or renewed;

ii.

restructurings or renewals that were transferred to stage 3 credit risk portfolio

because they were restructured or renewed, in compliance with paragraph 90;

iii.

restructured or renewed credits that remained in stage 1 and stage 2 credit risk

portfolio, in accordance with paragraphs 91 to 99;

iv.

consolidated credits that as a result of a restructuring or renewal were

transferred to stage 3 credit risk portfolio, in accordance with paragraph 101, and

restructured credits to which the criteria related to transfer to stage 3 credit risk

portfolio were not applied based on paragraph 103.

amount and nature of additional guarantees and concessions granted in restructured

credits;

total amount of acquired credit portfolio, as well as estimates related to said

portfolio;

aa)

total amount of credit portfolio sales made by the entity;

bb)

amount of recoveries of previously written-off or eliminated credit portfolio;

cc)

breakdown of interest and commissions by type of credit (business or commercial activity,

liquidity loans to other savings and loan cooperative societies, consumer, and medium

or residential and social interest);

dd)

amount of interest income that was recognized in the credit in question, at the time

of the capitalization referred to in paragraph 120;

ee)

amount of credit lines registered in off-balance sheet accounts;

ff)

brief description of the effects on the credit portfolio derived from the application of the different

methodologies established through the Provisions or authorized by the CNBV, and

gg)

the number of payment defaults of credits with payment periods less than 30 days and the risk stage

in which they are classified.

138

B-5 ADJUDICATED ASSETS

Objective and Scope

The purpose of this standard is to define the specific rules regarding the recognition, valuation,

presentation and disclosure in the financial statements of assets that are adjudicated to the entities.

This standard does not cover the treatment of assets adjudicated to the entities and destined

for their use, as for this type of assets the guidelines provided in the accounting criteria applicable to the type of asset in question will apply.

Definitions

Adjudicated assets.- Movable assets (equipment, securities, rights, credit portfolio, among others) and immovable

assets that as a consequence of an uncollectible account, right or item, the entity:

acquires through judicial adjudication, or

receives through payment in kind (dación en pago).

Disposal cost.- It is that direct incremental cost derived from the sale or exchange of an

asset or group of assets, such as commissions, storage, transport, insurance, etc., without

considering financing costs and taxes on profit; it includes any distribution cost to the

owners that is the disposal cost directly attributable to such distribution.

Adjudication value.- For the purposes of this standard,

it corresponds to the book value of the asset. In the case of assets

promised for sale or with reservation of ownership, it shall be the book value decreased by the payments received

on account of the asset, as referred to in Standard A-3.

Net realizable value.- It is the amount estimated by an entity of what it expects to receive, in cash,

cash equivalents or in kind, from the sale of an asset minus the disposal costs.

Fair value of the adjudicated asset.- For the purposes of this standard, it shall correspond to that determined

at the date of adjudication:

in the case of assets whose valuation can be made through an appraisal, this must comply with the

requirements established by the CNBV applicable to providers of banking

appraisal services, or

for those assets not subject to appraisal, the exit price that at the date of valuation would

be received for selling an asset or paid to transfer a liability in an orderly

transaction between market participants.

Recognition Standards

Assets acquired through judicial adjudication shall be recorded on the date the approving order of the auction

through which the adjudication was decreed becomes final.

Assets that have been received through payment in kind shall be recorded, on their part, on the date

the deed of payment in kind is signed, or on the date formal transmission of ownership of the

asset was given.

The recognition value of adjudicated assets shall be:

the lower between the gross book value of the asset that gave rise to the adjudication, i.e., without

deducting the estimated provision for credit risks that has been recognized up to that date, and

the net realizable value of the assets received, when the entity's intention is to sell

said assets to recover the amount to be collected, or

the lower between the gross book value of the asset that gave rise to the adjudication or the fair value

of the received asset, when the entity's intention is to use the adjudicated asset for its

activities.

On the date on which an adjudicated asset is recorded in the accounting, the value of the asset that gave rise to the

adjudication, as well as the estimate, if any, constituted, shall be derecognized from the statement of

financial position of the entities for the total of the asset net of the aforementioned estimate minus

partial payments in kind as referred to in Standard B-4.

The difference between the value of the asset that gave rise to the adjudication, net of estimates, and the value of the

adjudicated asset determined in accordance with paragraph 10, shall be recognized in the results of the exercise as

other income (expenses) from operations.

Valuation Standards

Adjudicated assets shall be valued in accordance with what is established in the accounting criteria for

savings and loan cooperative societies, according to the type of asset in question, registering such valuation against the results of the exercise as other income (expenses) from operations,

as applicable.

The amount of the estimate that recognizes signs of impairment due to potential value losses from the

passage of time of the adjudicated assets shall be that determined in accordance with the procedures

established in the Provisions, and shall be recognized in the results of the exercise as other income

(expenses) from operations.

In the event that, in accordance with the aforementioned impairment procedures, it is necessary to modify the estimate

referred to in the previous paragraph, such adjustment shall be registered against the amount of the estimate recognized

previously as other income (expenses) from operations.

At the time of the sale of the adjudicated assets, the difference between the selling price and the book value

of the adjudicated asset, net of estimates, shall be recognized in the results of the exercise as other

income (expenses) from operations.

Transfer of Adjudicated Asset for Use

When opting to transfer adjudicated assets for use by the entity, such transfer may be made to the line item in the statement of financial position that corresponds to the asset in question,

provided that the assets are used for the realization of its purpose and

is carried out in accordance with the investment strategies and purposes of

the entity that are previously established in its manuals, there being no possibility that said assets return to be considered

as adjudicated.

Presentation Standards

Statement of Financial Position

Adjudicated assets shall be presented in a separate line item within the statement of financial

position, net of estimates, immediately after other receivables.

Statement of Comprehensive Income

The result from the sale of adjudicated assets, adjustments to their value, as well as the establishment and adjustment of the

respective estimate, shall be presented in the line item of other income (expenses) from operations, as

applicable.

The difference referred to in paragraph 12 for adjudication of assets shall be presented in the line item of other

income (expenses) from operations.

Disclosure Standards

The type of adjudicated asset in question (real estate, equipment, securities, rights, credit portfolio, among others), the procedure used for the

valuation of said asset, the amount and type of asset of those adjudicated assets that have been opted to

transfer for use by the entity, as well as the amount of its respective estimate, and a brief description of the

procedure that was carried out for its determination, shall be disclosed through notes to the financial statements.

When the value of the asset that gave rise to the adjudication is equal to the corresponding estimates,

the adjudication value of the asset shall be disclosed.

B-6 GUARANTEES

Objective and Scope

The purpose of this standard is to establish the accounting treatment to be given to commitments

acquired by the entities in the granting of guarantees.

Definitions

Guarantee.- Contract by which the entity supports the creditworthiness of a certain borrower

through the promise to pay the obligation in case of default.

In the contract giving rise to the guarantee, the contingency that will generate the possible payment commitment is defined,

so until such contingency materializes, guarantees represent only a

commitment.

Commitment.- Represents an agreement made to carry out certain actions in the future, which

does not meet the requirements to be considered as a liability, provision or contingency, unless it

derives from an onerous contract.

Onerous Contract.- It is one whose inevitable costs to fulfill the obligations it entails exceed the economic benefits expected to be received from it.

Recognition and Valuation Standards

Since the guarantee represents a commitment, it will not be part of the rights and obligations recognized in the

statement of financial position of the entities as long as the contingency does not materialize. For this reason, the

recognition of guarantees shall be carried out in off-balance sheet accounts.

The total amount for the concept of guarantees must include the total commitments that the entity has at a

determined date. As the third party with whom the commitment is held settles the obligations that have

been guaranteed, the entity shall cancel said amounts from its records.

The entity shall determine an estimate of the guarantees granted that may default, based on a

study that considers the past behavior of the borrower, its economic viability or the risk of the

project on which the guarantee is granted, qualifying and provisioning them jointly with the credit

portfolio under its charge.

The amount of said estimate shall be recognized in the results of the exercise of the period that

corresponds.

In the event of default by the person for whom the entity is providing the guarantee, the total amount for which the

guarantee was granted shall be recorded in the statement of financial position of the entity as a credit portfolio,

recognizing the corresponding liability. Once the portfolio is affected, the provisions contained in

Standard B-4 will apply to it.

Income from commissions arising from the granting of guarantees shall be recognized in the results of the

exercise in accordance with what is established in NIF D-1 "Revenue from Contracts with Customers" (NIF D-1).

Presentation Standards

Statement of Financial Position

The amount corresponding to guarantees granted shall be presented in off-balance sheet accounts, at the foot of the statement of

financial position.

The balance of the liability for the default of the person for whom the entity is providing the guarantee shall be included as a

diverse creditor in the line item of other payables.

Statement of Comprehensive Income

Commissions charged for the granting of guarantees shall be presented in the line item of commissions and fees

charged.

Disclosure Standards

Through notes to the financial statements, the types of operations that gave rise to the

guarantees shall be disclosed, including the general terms on which this type of operations was carried out.

Losses caused to the entity by reason of default by the guaranteed parties, the amount of the

estimate constituted, as well as recoveries, shall also be disclosed.

B-7 CUSTODY AND ADMINISTRATION OF ASSETS

Objective and Scope

The purpose of this standard is to define the specific rules regarding the recognition, valuation,

presentation and disclosure in the financial statements of custody and administration operations

of assets that entities perform.

Among the administration operations that are the subject of this standard, the

operations performed by entities on behalf of third parties are included, such as the purchase and sale of financial instruments

(securities), the receipt of payment for services as long as it does not imply for the entity the

acceptance of direct or contingent obligations, and financial factoring operations.

The following are not included within this standard:

custody of assets that by their very nature or by contractual agreement do not

grant the responsibility for safeguarding to the entities, and

safe deposit box services.

Definitions

Assets in custody or administration.- These are movable assets (financial instruments, rights,

among others) owned by third parties, delivered to the entity for their safeguard or administration.

Acquisition cost.- It is the amount paid in cash or cash equivalents, or the fair value

of the consideration delivered for an asset or service at the time of its acquisition.

Administration operations.- Those performed by the entity, in which it provides

administrative services on certain assets, receiving, if applicable, a commission as consideration.

Custody operations.- Those performed by the entity, for which it is responsible for the

safeguarding of assets delivered to its facilities or to whom it has subcontracted the

service, receiving a commission for this.

Fair value.- It is the exit price that,

at the date of valuation, would be received for selling

an asset or paid to transfer a liability in an orderly transaction between market participants.

Characteristics

Movable assets may be the subject of custody, administration or a combination of

both. In the case of financial instruments owned by third parties, these may be alienated,

administered or transferred in accordance with the conditions agreed in the contract.

By the essence of this type of operation, assets in custody or administration are not subject to

recognition by the entities:

since the entities do not acquire the rights and contractual obligations related to

the financial assets in custody or administration (other than cash received by the entities

for payment of services on behalf of third parties), and

the definition of "asset" contained in NIF A-1, Chapter 50 "Basic Elements

of Financial Statements" (NIF A-1, Chapter 50) is not met.

Notwithstanding the foregoing, the entity is responsible for assets in custody or administration, therefore

it assumes a risk in the event of their loss or damage.

In addition, within the administration services that the entity can provide, are included the

foreign exchange purchase and sale operations, receipt of payment for services as long as it does not imply for the

entity the acceptance of direct or contingent obligations and financial factoring operations, which consist of administration, alienation, and transfer of goods in custody or administration that are carried out in accordance with the prior instructions of their clients. Within these operations, those involving financial instruments are included.

Recognition and Valuation Standards

Since the goods subject to this criterion do not represent assets of the entities, they must not form part of the rights and obligations recognized in the statement of financial position. However, the estimated amount for which the entity would be obligated to respond to its clients for any future contingency must be recognized in off-balance-sheet accounts, with the exception of cash received for the payment of services on behalf of third parties, because in that specific case, the conditions for recognition contemplated in criterion A-2 "Application of particular standards" (Criterion A-2) are met.

Income derived from custody or administration services will be recognized in the results of the fiscal year in accordance with what is established in NIF D-1.

In the event that the entity has an obligation to the depositor for the loss or damage of the good in custody or administration, the liability against the results of the fiscal year will be recognized in the entity's statement of financial position. The accounting recognition referred to in this paragraph will be carried out at the moment the entity becomes aware of such situation, regardless of any legal action by the depositor aimed at repairing the loss or damage.

Custody Operations

The determination of the valuation of the estimated amount for goods in custody must be made in accordance with the following:

in the event that the goods in custody are financial instruments, their fair value will be determined in accordance with what is established in Chapter II of Title Four of the Provisions, and

with respect to movable goods in custody other than those established in the previous subsection, their value will be determined in accordance with the following:

at their fair value, according to what is indicated in NIF B-17, which must be reviewed periodically, or

in the event that the fair value cannot be determined reliably, such goods will be valued according to the acquisition cost of the depositor, which, in the case of an inflationary environment, must be updated in accordance with NIF B-10.

In the event that the goods in custody are also held in administration, they must be controlled in off-balance-sheet accounts, separately from those goods received in custody.

Administration Operations

The determination of the valuation of the estimated amount for goods in administration (including the receipt of service payments), as well as those operations on behalf of third parties, will be carried out based on the operation carried out in accordance with the accounting criteria for savings and loan cooperative societies. Among the various types of operations, the following are included:

Receipt of service payments on behalf of third parties

Entities must recognize the entry of cash for the payment of services in the item of cash and restricted cash equivalents against the corresponding liability, valued at the same amount as the asset that gave rise to it, with no effect whatsoever on the profit or loss of the period. At the moment the respective service payment is made on behalf of third parties, entities must cancel said liability against the corresponding asset.

In the event that the payment of services is made on behalf of an account holder of the entity itself and the service provider has an account with the entity for the purpose of receiving such payments, at the moment the account holder makes a payment, the corresponding amount must be reclassified within the item of traditional deposits.

Presentation and Disclosure Standards

The liability arising from the obligation to the depositor for the loss or damage of the good in custody or administration will be presented in the statement of financial position in the item of other accounts payable, while in the results of the fiscal year it will be presented in the item of other income (expenses) of the operation.

The amount of goods in custody or in administration will be presented in off-balance-sheet accounts under the same item, with the exception of cash received for the payment of services on behalf of third parties referred to in paragraph 19, which must be presented in the item of cash and cash equivalents, and the liability that is generated, in the item of other accounts payable.

Income derived from custody or administration services recognized in the results of the fiscal year will be presented in the item of commissions and fees charged.

The following must be disclosed through notes to the financial statements:

Custody Operations

amounts recognized for each type of good in custody;

information regarding the type of goods, and

amount of income from the activity.

Administration Operations

amounts recognized for each type of good in administration;

information regarding the type of goods, and

amount of income from the activity.

Additionally, the amount that is restricted within the cash and cash equivalents of the entity with respect to the receipt of service payments on behalf of third parties must be disclosed.

B-8 MANDATES

Objective and Scope

This criterion aims to define the particular standards relative to recognition, valuation, presentation, and disclosure in the financial statements for mandate operations.

Definitions

Mandate.- The Federal Civil Code establishes that "The mandate is a contract by which the mandatory obligates himself to execute on behalf of the mandator the legal acts that he entrusts to him".

Recognition and Valuation Standards

Entities must recognize in off-balance-sheet accounts the resources subject to the mandate operations they carry out, taking into account the responsibility that the realization or fulfillment of the object of said operations implies for the entity, whose commission is accepted.

The valuation of the resources subject to the mandate operation, recognized in off-balance-sheet accounts, will be carried out in accordance with what is provided in these accounting criteria for savings and loan cooperative societies.

Losses borne by the entity due to responsibilities incurred in mandate operations will be recognized in results in the period in which they are known, regardless of the moment in which any legal promotion for this purpose is carried out.

The recognition of income from the execution of mandate operations carried out by entities must be based on accrual. Likewise, the accumulation of accrued but uncollected income from mandate operations must be suspended at the moment the debt for these presents 90 or more calendar days of non-payment.

Presentation Standards

Statement of Financial Position

In off-balance-sheet accounts, the total amount of resources subject to the mandate operations carried out by the entities will be presented in the item of goods in mandate, in accordance with the recognition and valuation standards provided in this criterion. Likewise, accrued but uncollected income from mandate operations must be presented in off-balance-sheet accounts in the item of other registration accounts.

Statement of Comprehensive Income

Losses borne by the entity due to responsibilities incurred will be presented in the item of other income (expenses) of the operation, while the income from mandate operations will be included in the item of commissions and fees charged.

Disclosure Standard

Through notes to the financial statements, the amount of income received by the entity in mandate operations must be disclosed.

C-3 SECURITIZATION OPERATIONS

Objective

This criterion aims to define the particular standards relative to the treatment in the financial statements of securitization operations derived from portfolio assignment.

Definitions

Financial Asset.- A right arising from a contract, which provides monetary economic resources to the entity. Therefore, it includes, among others:

cash or cash equivalents;

financial instruments generated by a contract, such as an investment in a debt or equity instrument issued by a third party;

a contractual right to receive cash or any financial instrument from another entity, or

a contractual right to exchange financial assets or financial liabilities with a third party under conditions favorable to the entity.

Subordinated Assets.- Those are assets whose availability is conditioned to the occurrence of certain events.

Administration of transferred financial assets.- Contract by means of which an entity provides services related to the administration of the financial assets subject to securitization operations, such as: carrying out collection and custodian principal and interest payments from the transferred financial assets; making tax and insurance payments related to said payments on behalf of the securitization vehicle; monitoring cases of default or following up on the credit risk attributable to the debtors of said assets; in its case, executing adjudication processes; temporarily investing received payments pending distribution; paying commissions to guarantors and other service providers in the operation; making payments to holders of securities placed among investors through stock exchanges or recognized trading mechanisms.

Overcollateralization.- Financial asset transferred by the assignor to the assignee in securitization operations, in addition to the financial assets subject to securitization operations, in order to cover possible defaults by the debtors of the financial assets subject to securitization, guarantee the payment of obligations to investors, among others.

Interest Benefits.- Right to receive the entirety or specific portions of cash flows from a trust, entity, or other figure, including participations in principal and/or interest of debt titles with priority of payment and/or subordinated, other cash flows from underlying assets, premiums, obligations, residual interest (whether in the form of debt or equity), among others.

Assignee's Residual Benefits.- Interest benefits in the form of titles, contracts, or documents that grant their holder participation in the possible excess or remainder that, in its case, the assignee generates, such as, contribution certificates, contribution certificates, fiduciary rights certificates, residual interest, among others.

Securitization.- Operation by means of which certain financial assets are transferred to an assignee, with the purpose that the latter issues titles to be placed among investors through stock exchanges or recognized trading mechanisms, which represent the right to receive what is established in the placement prospectus.

Assignor (Transferor).- The entity that transfers to another a financial asset, a participation in a financial asset, or a group of financial assets that it controls.

Assignee (Recipient).- Securitization vehicle that receives a financial asset, a participation in a financial asset, or a group of financial assets from the transferor.

Equity Financial Instrument.- It is originated by a contract that evidences the participation or the option to participate in the net assets of an entity.

Continuous Involvement.- The condition existing by means of which the assignor continues related to a transferred financial asset, either by continuing to have:

exposure to the risks and benefits of the future cash flows of the transferred financial asset, or

control over the cash flows of the transferred financial asset, with or without exposure to the relative risks or benefits.

Financial Liability.- It is an obligation arising from a contract, which will require the use of monetary economic resources of the entity. Therefore, it represents:

an obligation to deliver cash or another financial asset to a third party to settle it;

a contractual obligation to exchange financial assets or financial liabilities with a third party under conditions unfavorable to the entity, or

an obligation that will be settled with a variable number of equity financial instruments issued by the entity itself.

Revolver of financial assets in securitization operations.- Mechanism in securitization operations by means of which the assignee agrees with the assignor, the transfer of financial assets periodically and during a pre-established time (known as revolver period), in order to maintain an adequate financial relationship between the transferred financial assets and the titles placed among investors through stock exchanges or recognized trading mechanisms, and in this way comply with the obligations of the operation.

Substitution of financial assets in securitization operations.- Mechanism in securitization operations by means of which the assignor substitutes for the assignee one or more transferred financial assets during a pre-established period, when any of the previously agreed assumptions occur, such as deterioration in credit quality in the case of credit portfolio, deterioration in the rating of securities, or significant defaults from the transferred financial assets.

Fair Value.- It is the exit price that, at the valuation date, would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants.

Securitization Vehicle.- It is an entity, trust, or other legal figure, whose activities, in accordance with its object or statutes, are permanently limited to:

maintaining possession of the transferred financial assets;

issuing securities that represent rights over the financial assets;

receiving the flows proceeding from the transferred financial assets, reinvesting them in financial instruments, and providing other services associated with the assets;

distributing benefits to holders of securities placed among investors through stock exchanges or recognized trading mechanisms, and

distributing the residual benefits that in its case it has the obligation to deliver.

Characteristics

In securitization operations, the assignor may or may not transfer the risks and benefits on the financial assets to the assignee, and may additionally transfer or not the control thereof. The assignee issues securities to be placed among investors through stock exchanges or recognized trading mechanisms, which represent interest benefits or rights over what is established in the placement prospectus. As consideration, the assignor may receive, among others, cash or cash equivalents, financial instruments, benefits on the residual of the assignee, or rights.

In operations that meet the definitions, concepts, and assumptions established in NIF C-14 for derecognition of the entirety or a portion of financial assets (as the case may be), the transferring entity (assignor) must derecognize such entirety or portion of the securitized financial assets from its financial statements and recognize the considerations received or incurred in the securitization operation in accordance with what is indicated in the cited NIF C-14. On the other hand, the receiving entity (assignee) will recognize such financial assets in its statement of financial position, as well as the considerations granted or received for the securitization operation in accordance with what is indicated in Criterion A-2.

If, in accordance with what is established in the previous paragraph, the definitions, concepts, and assumptions established in NIF C-14 for derecognition of the entirety, or well, of a portion of financial assets based on its continuous involvement, are not met, the transferring entity (assignor) must not remove the securitized financial assets in their entirety or portion for which it retains continuous involvement from its financial statements and will recognize the associated financial liability, as well as the considerations received or incurred in the operation, in accordance with what is indicated in the cited NIF C-14. On the other hand, the receiving entity (assignee) will recognize the portion of the transferred financial asset that the assignor has derecognized and over which the assignee has obtained the rights and contractual obligations; the considerations received or incurred in the operation, considering the new financial assets and the new obligations assumed (including the account receivable for the financing granted to the assignor against the cash outflow, as well as the entry of financial assets from the placement of securities among investors against the corresponding liability for the issuance of titles), in accordance with what is indicated in Criterion A-2.

Additionally, in securitization operations, the assignor may grant overcollateralization (cash or cash equivalents, credit portfolio, securities, rights, among others) in order to cover possible defaults by the debtors of the financial asset subject to securitization, or well, guarantee the payment of obligations to investors, among others. For the granting of said overcollateralization, the assignor may or may not maintain the right to receive assets as consideration, such as, the reimbursement of the overcollateralization itself, benefits on the residual of the assignee, interest benefits, among others.

Likewise, regardless of the granting of overcollateralization, the assignor may receive financial assets in the form of benefits on the residual of the assignee and interest benefits, among others.

Operations that meet the requirements for derecognition of financial assets

Recognition and Valuation Standards

Assignor (Transferor)

At the moment the transfer of financial assets in securitization operations that meet the definitions, concepts, and assumptions established in NIF C-14 for derecognition of the entirety or a portion of financial assets (as the case may be) is carried out, the transferring entity (assignor) must carry out the accounting records indicated in the cited NIF C-14 for such cases.

Regarding financial assets for which expected credit loss estimates or similar concepts have been established, at the moment of recognizing their exit from the statement of financial position, their net book value at the date of their transfer must be considered.

Consistently with what is established in NIF C-14, the considerations received or incurred in the operation must be recognized, considering the new financial assets and the new obligations assumed, at their fair values (such as cash or cash equivalents, interest benefits, assets or liabilities for administration of transferred financial assets, financial liabilities, rights on the granted overcollateralization), attending the recognition, valuation, presentation, and disclosure standards in accordance with the accounting criterion that corresponds according to the nature of the item in question.

Considerations received in the form of benefits on the residual of the assignee must be recognized as benefits to receive in securitization operations and remain valued, from their initial registration, at their fair value at the valuation date, recognizing the adjustments resulting from their valuation in the results of the fiscal year. The fair value valuation of the benefits on the residual of the assignee must be, in its case, consistent with the accounting policies of an entity that must be consolidated in accordance with what is indicated in NIF B-8 "Consolidated or combined financial statements", in order to facilitate the consolidation of the assignee in the financial statements of the assignor.

For the recognition of operations that meet the requirements for derecognition of financial assets, what is established in NIF C-14 must be attended.

Subsequent collections or recoveries related to benefits to receive in securitization operations will be recognized attending to the nature of the items received, must follow the recognition, valuation, presentation, and disclosure standards in accordance with the accounting criterion that corresponds and will be applied directly for the reduction of said benefits to receive.

Subsequent collections or recoveries in excess of the amount registered in benefits to receive in securitization operations will be recognized attending to the nature of the items received, must follow the recognition, valuation, presentation, and disclosure standards in accordance with the accounting criterion that corresponds against the results of the fiscal year.

Revolver and substitution of financial assets in securitization operations

In securitization operations in which it is agreed that the assignor may transfer additional financial assets to those initially transferred, as in the case of substitution or revolver, it must be verified if such transfers meet what is provided in NIF C-14 or, in its case, in Criterion A-2 in order to determine their recognition and/or derecognition from the statement of financial position.

Administration of transferred assets

In the event that the assignor provides administration services for the transferred financial assets, an asset or liability for administration of initially transferred assets must be recognized at its fair value as part of the initial registration of the operation. When the consideration for such administration is reasonably expected to exceed the costs and expenses incurred for the administration service, an asset for administration of transferred assets must be recognized; in the contrary case, a liability for administration of transferred assets must be recognized. Subsequently, said assets or

administrative liabilities shall be measured at fair value, recognizing the valuation effects directly in the results of the period.

Transferee (Recipient)

At the time of the transfer of financial assets in securitization operations that meet the definitions, concepts, and assumptions established in NIF C-14 for the derecognition of the entirety or a portion of financial assets (as applicable), the transferee shall make the accounting records indicated in Criterion A-2 for the recognition of financial assets, including the consideration granted or received for the securitization operation (such as: cash or cash equivalents, financial assets, and obligations on the underwriting received). Subsequently, for valuation purposes, the recognition, valuation, presentation, and disclosure standards shall be attended to in accordance with the accounting criterion corresponding to the nature of the item in question.

In the event that the transferred financial asset corresponds to a credit portfolio, the difference between the contractual value of the acquired portfolio and the acquisition price shall be recognized in accordance with the guidelines for the acquisition of credit portfolios provided in Criterion B-4.

Regarding the placement of securities among investors through stock exchanges or recognized trading mechanisms, the transferee shall record in its accounting the entry of the financial assets resulting from such placement of securities, as well as the corresponding financial liability, including any other interest benefits, in accordance with what is established in NIF C-19.

The obligations that, as applicable, the transferee incurs, which represent the benefits on its residual, shall be recorded as part of equity or capital, as applicable.

The issuance expenses of the securities placed among investors through stock exchanges or recognized trading mechanisms incurred by the transferee shall be recorded in accordance with what is established in NIF C-19. Expenses for the concept of the administration of financial assets shall be recognized in the results of the period.

Presentation Standards

Transferor (Transferor)

Statement of Financial Position

The benefits on the residual in securitization operations and the administrative asset of transferred financial assets shall be presented in the statement of financial position as part of the benefits receivable in securitization operations. The administrative liabilities of transferred assets shall be presented in the item of obligations in securitization operations.

The rest of the financial assets and obligations assumed arising from securitization operations that meet the requirements for derecognition of financial assets shall be presented in the statement of financial position in accordance with the accounting criterion corresponding to the nature of the item in question.

Statement of Comprehensive Income

The result from the derecognition of a financial asset in its entirety, as well as the result from the derecognition of a portion of a financial asset, shall be presented in the item of the statement of comprehensive income corresponding to the nature of the asset or portion thereof, either as a gain or loss.

The valuation of the benefits receivable in securitization operations, as well as of the assets or liabilities for the administration of transferred assets, shall be presented in the statement of comprehensive income in the item of other income (expenses) of the operation, as applicable.

Overcollections or recoveries in excess of the amount recorded in benefits receivable in securitization operations shall be presented in the item of other income (expenses) of the operation. The loss, if any, from the difference between the collections or recoveries and the amount recorded in benefits receivable in securitization operations shall be presented in the item of other income (expenses) of the operation.

The presentation of the effects on results for the rest of the financial assets and obligations assumed arising from securitization operations shall be carried out in accordance with the accounting criterion corresponding to the nature of the item in question.

Transferee (Recipient)

Statement of Financial Position

The financial assets subject to securitization operations that meet the requirements for derecognition of financial assets by the transferor shall be presented in the statement of financial position of the transferee in accordance with the accounting criterion corresponding to the nature of the item in question. Likewise, the amount of the securities placed among investors through stock exchanges or recognized trading mechanisms, subject to the securitization operation, shall be presented within the liability in a specific item in the statement of financial position as issued credit titles.

The obligations that represent the benefits on its residual shall be presented in the statement of financial position as part of equity or capital, as applicable.

Statement of Comprehensive Income

The interest that accrues on the securities and other interest benefits placed among investors through stock exchanges or recognized trading mechanisms by the transferee, as well as the issuance expenses in terms of NIF C-19, shall be recognized in the results of the period as interest expenses.

Expenses for the concept of the administration of financial assets recognized in the results of the period shall be presented in the item of commissions and fees paid.

In the case of the acquisition of a credit portfolio, the amortization of the difference between the contractual value of the acquired portfolio and the acquisition price shall be presented in the item of other income (expenses) of the operation in accordance with what is established in Criterion B-4.

As applicable, the presentation of the effects on results for the rest of the financial assets and obligations assumed arising from securitization operations that meet the requirements for derecognition of financial assets shall be carried out in accordance with the accounting criterion corresponding to the nature of the item in question.

Operations that do not meet the requirements for derecognition of financial assets

Recognition and Valuation Standards

Transferor (Transferor)

In the case of transfers of financial assets in securitization operations that do not meet the definitions, concepts, and assumptions established in NIF C-14 for the derecognition of the entirety, or well, portion of financial assets based on their continuous involvement, the transferor entity (transferor) shall make the accounting records contained in the aforementioned NIF C-14 for such cases.

Transferee (Recipient)

In the case of transfers of financial assets in securitization operations that do not meet the definitions, concepts, and assumptions established in NIF C-14 for the derecognition of the entirety, or well, portion of financial assets based on their continuous involvement, the transferee shall make the accounting records established in the aforementioned NIF C-14 for such cases.

Among other records, the transferee shall recognize in its statement of financial position the resources coming from investors for the placement of securities through stock exchanges or recognized trading mechanisms, against the corresponding financial liability for the placed titles. Likewise, the transferee shall recognize the financing granted to the transferor against the outflow of resources.

Presentation Standards

Transferor (Transferor)

Statement of Financial Position

The financial assets that the transferor entity may grant as guarantee or collateral in securitization operations shall be presented as a restricted asset, according to the type of asset in question. Likewise, the financial liability corresponding to the financing received from the transferee shall be presented as part of bank loans or from other organisms. The liability associated with securitization operations in which continuous involvement is retained shall be presented in the item of obligations in securitization operations.

The rest of the financial assets and obligations assumed arising from securitization operations that do not meet the requirements for derecognition of financial assets shall be presented in the statement of financial position in accordance with the accounting criterion corresponding to the nature of the item in question.

Statement of Comprehensive Income

As applicable, the presentation of the effects on results for the rest of the financial assets and obligations assumed arising from securitization operations that do not meet the requirements for derecognition of financial assets shall be carried out in accordance with the accounting criterion corresponding to the nature of the item in question.

Transferee (Recipient)

Statement of Financial Position

The financial asset that represents the financing granted to the transferor shall be presented within the credit portfolio as part of the commercial portfolio. Likewise, the amount of the securities placed among investors through stock exchanges or recognized trading mechanisms, subject to the securitization operation, shall be presented within the liability in a specific item in the statement of financial position.

Statement of Comprehensive Income

The interest that accrues on the securities and other interest benefits placed among investors through stock exchanges or recognized trading mechanisms by the transferee, as well as the issuance expenses in terms of what is stated in NIF C-19, shall be recognized in the results of the period as interest expenses.

Expenses for the concept of the administration of financial assets, recognized in the results of the period, shall be presented in the item of commissions and fees paid.

Disclosure Standards

The following information shall be disclosed in notes to the financial statements for securitization operations:

Transferor (Transferor)

the characteristics of the securitization operations carried out: the type of securitization celebrated (if they correspond to a securitization that met or did not meet the requirements for the derecognition of financial assets), generic type of financial assets transferred, restrictions on the transferee's rights over the ceded financial assets (mainly characteristics and amounts of restricted assets), characteristics of the underwriting and collateral, as well as the amounts recognized in results in the item of other income (expenses) of the operation;

main characteristics of the consideration received and incurred in securitization operations;

the main characteristics of the assets and liabilities that make up the benefits on the residual of the transferee that, as applicable, are agreed upon, as well as description of the methodology used for their valuation;

detailed description of the valuation methodology of the benefits on the residual of the transferee, main assumptions used, including a scenario that shows the valuation under adverse conditions, as well as the mention that such valuation was carried out, as applicable, under parameters consistent with based on formal techniques recognized in the market (revealing said parameters);

amount of the valuation effect recognized in results from the valuation of benefits on the residual of the transferee;

amount of financing received in securitization operations, as well as main conditions relative to the obligations acquired for its payment (term, rate, payment methods, among others);

description of the agreements for the revolving and substitution of transferred financial assets, that, as applicable, have been agreed upon;

description of the agreements for the repurchase of the ceded assets, that, as applicable, have been agreed upon;

description of the rights or obligations that are held over the transferred financial assets that act as underwriting or collateral, as applicable;

description of the agreements to provide the service of administration of transferred financial assets;

amount recognized in the results of the period from the fair value valuation of the asset or liability for the administration of assets, as well as main assumptions used for the determination of said fair value;

information on early liquidations of the transferred or ceded financial assets, and

description of the financial assets received as a result of the liquidation of residuals or excesses of the transferee.

Transferee (Recipient)

the characteristics of the interest benefits issued, subordinated or not, such as: type, amount, interest rate, term, rights and payment restrictions;

main characteristics of the consideration received and incurred in securitization operations;

qualification of the credit quality of the securities placed among investors through stock exchanges or recognized trading mechanisms, as well as of the financial assets subject to the securitization operation, and

description of the methodology used to value at fair value the obligations related to securitization operations.

D-1 STATEMENT OF FINANCIAL POSITION

Background

The financial information must comply, among other things, with the purpose of presenting the financial situation of entities at a specific date, requiring the establishment, through specific criteria, of the objectives and general structure that the statement of financial position must have.

Objective and Scope

The objective of this criterion is to establish the general characteristics, as well as the structure that the statement of financial position of entities must have, which must adhere to what is provided in this criterion. Likewise, minimum guidelines are established with the purpose of homogenizing the presentation of this financial statement among entities and, in this way, facilitate its comparability.

The statement of financial position aims to present information relative to the resources (assets) and sources of financing (liabilities and equity) of the entity at a specific date.

The statement of financial position, therefore, must adequately show, on consistent bases, the position of entities regarding their assets, liabilities, equity, and off-balance sheet accounts, in such a way that the economic resources with which such entities count can be evaluated, as well as their financial structure.

Additionally, the statement of financial position must fulfill the objective of being a useful tool for the analysis of the various entities, so it is convenient to establish the concepts and general structure that said financial statement must contain.

Concepts that make up the statement of financial position

In a broad context, the concepts that make up the statement of financial position are: assets, liabilities, and equity, understood as such to the concepts thus defined in NIF A-1, Chapter 50. Likewise, the off-balance sheet accounts referred to in this criterion, are part of the concepts that make up the structure of the statement of financial position of entities.

Structure of the statement of financial position

The structure of the statement of financial position must group the concepts of asset, liability, equity, and off-balance sheet accounts, in such a way that it reflects from greater to lesser their degree of liquidity or exigibility, as applicable.

In this way, the minimum items that must be included in the statement of financial position are the following:

Asset

· cash and cash equivalents;

· investments in financial instruments;

· receivables from repurchase agreements;

· total credit portfolio (net);

· benefits receivable in securitization operations;

· other accounts receivable (net);

· foreclosed assets (net);

· long-term assets held for sale or for distribution to members;

· prepayments and other assets;

· properties, furniture, and equipment (net);

· assets for right of use of properties, furniture, and equipment (net);

· permanent investments;

· intangible assets (net);

· assets for right of use of intangible assets (net), and

· goodwill.

Liability

· traditional deposits;

· bank loans and from other organisms;

· collateral sold or given as guarantee;

· obligations in securitization operations;

· lease liability;

· other accounts payable;

· liabilities related to groups of assets held for sale;

· financial instruments that qualify as liability;

· obligations associated with the removal of components of properties, furniture, and equipment;

· employee benefits liability, and

· delayed credits and advance collections.

Equity

· contributed capital, and

· earned capital.

Off-balance sheet accounts

· guarantees granted;

· contingent assets and liabilities;

· credit commitments;

· assets in mandate;

· assets in custody or in administration;

· collateral received by the entity;

· collateral received and sold or delivered as guarantee by the entity;

· accrued interest not collected derived from credit portfolio with credit risk stage 3, and

· other registration accounts.

Presentation of the statement of financial position

The items described above correspond to the minimum required for the presentation of the statement of financial position, however, entities must break down, either in the cited financial statement or through notes, the content of the concepts they consider necessary in order to show their financial situation to the user of the information. At the end of this criterion, a statement of financial position prepared with the minimum items referred to in the previous paragraph is shown.

However, certain items of the statement of financial position require special guidelines for their presentation, which are described below:

Investments in financial instruments

The different categories of investments in financial instruments shall be presented within this item, such as negotiable financial instruments, financial instruments to collect and sell, and financial instruments to collect principal and interest (securities,) the latter at their amortized cost (that is, including accrued interest not collected and net of items for amortization and expected credit losses).

Receivables from repurchase agreements

The debtor balance arising from repurchase operations referred to in the corresponding criterion shall be presented immediately after the concept of investments in financial instruments.

Total credit portfolio (net)

In order to obtain higher quality information regarding the credits granted by entities, the credit portfolio must be disaggregated in the statement of financial position according to the destination of the credit, classified in any of the following categories:

Credit portfolio with credit risk stage 1

· commercial credits;

business or commercial activity, and

liquidity loans to other savings and loan cooperative societies.

· consumer credits, and

· housing credits.

medium and residential, and

of social interest.

Credit portfolio with credit risk stage 2

· commercial credits;

business or commercial activity, and

liquidity loans to other savings and loan cooperative societies.

· consumer credits, and

· housing credits.

medium and residential, and

of social interest.

Credit portfolio with credit risk stage 3

· commercial credits;

business or commercial activity, and

liquidity loans to other savings and loan cooperative societies.

· consumer credits, and

· housing credits.

medium and residential, and

of social interest.

Credit portfolio valued at fair value

· commercial credits;

business or commercial activity, and

liquidity loans to other savings and loan cooperative societies.

· consumer credits, and

· housing credits.

medium and residential, and

of social interest.

Credits denominated in UDIS must be presented in the category that corresponds to them.

The credit portfolio shall be presented, according to the credit in question, net of interest collected in advance and the deferred credits corresponding to the financial income to accrue in financial lease contracts.

Also presented within this item shall be: deferred items (such as the net amount between transaction costs and origination commissions, as well as the effects from renegotiations) and the estimates corresponding to the credit portfolio.

Other accounts receivable (net)

Accounts receivable not included in the credit portfolio shall be presented, considering among others, debtor clearing accounts, debtors from collateral granted in cash, and conditional accounts receivable, deducted, as applicable, from the estimate of expected credit losses.

Long-term assets held for sale or for distribution to members

Investments in long-term assets that are classified as held for sale, such as subsidiaries, associates, and joint ventures, as well as those held for distribution, including discontinued operations, to which NIF B-11 refers, shall be presented within this item.

Prepayments and other assets

Prepayments and other assets shall be presented as a single item in the statement of financial position.

other assets such as deferred charges and security deposits, as well as other short and long-term assets. The employee benefits asset arising in accordance with the provisions of NIF D-3 "Employee Benefits" (NIF D-3) will be part of this item.

Assets for right of use of properties, furniture and equipment (net)

Those assets representing the right of a lessee to use a property, furniture or equipment during the lease term, reduced by their accumulated depreciation, are presented.

Permanent investments

Permanent investments in unconsolidated subsidiaries, associates, joint ventures, as well as other permanent investments, added by any goodwill generated, if applicable, will be presented within this item.

Assets for right of use of intangible assets (net)

Those assets representing the right of a lessee to use an intangible asset during the lease term, reduced by their accumulated amortization, are presented.

Traditional deposits

Traditional deposits will constitute the first item within the liabilities of the entities, which must be presented disaggregated into the following concepts:

immediate demand deposits;

term deposits, and

dormant accounts.

Immediate demand deposits include sight deposits and savings deposits, among others.

Term deposits include, among others, deposits withdrawable on predetermined days and withdrawable with prior notice.

The concept "dormant accounts" includes, the principal and interest of deposit instruments that do not have a maturity date, or, if they do, are automatically renewed, as well as transfers or matured and unclaimed investments, as referred to in Article 24 of the Law to Regulate the Activities of Savings and Loan Cooperative Societies.

Bank and other organism loans

Bank and other organism loans will be grouped within a specific item, broken down into:

short-term (amount of amortizations whose remaining term is less than or equal to one year), and

long-term (amount of amortizations whose remaining term is greater than one year).

The liability generated in credit portfolio sale operations where the conditions established to derecognize a financial asset are not met, in accordance with NIF C-14, will be presented within this item.

Collaterals sold or pledged as guarantee

Collaterals sold representing the obligation to return the collateral received from the counterparty in repo operations and other collaterals sold or pledged as guarantee, must be presented within this item in a disaggregated manner.

In the case of repo operations, the creditor balance originating from the compensation carried out in accordance with Criterion B-3 must be presented.

Other payables

Among others, creditor clearing accounts, creditors for collaterals received in cash, the Social Welfare Fund and the Cooperative Education Fund, contributions payable, diverse creditors and other payables, including overdrafts in checking accounts and the negative balance of the cash and cash equivalents item, which in accordance with the provisions of Criterion B-1 must be presented as a liability, will be part of this item.

Liabilities related to groups of assets held for sale

Liabilities related to groups of long-term assets held for sale, including discontinued operations, will be presented within this item.

Financial instruments qualifying as liability

Contributions for future capital increases pending formalization by their general assembly of partners; as well as those financial instruments that qualify as liability, in accordance with the provisions of NIF C-12, must be included in this item.

Obligations associated with the removal of components of properties, furniture and equipment

This item will include obligations arising from the permanent removal of service of a component of properties and equipment, in accordance with the provisions of NIF C-18 "Obligations associated with the removal of property, plant and equipment".

Employee benefits liability

The liability arising in accordance with the provisions of NIF D-3 will be part of this item.

Deferred credits and advance collections

This item will be integrated by deferred credits and advance collections, such as advance collections received on account of goods promised for sale or with reservation of title, among others.

Stockholders' equity

Social capital must be disaggregated as follows:

ordinary contribution certificates;

excess or voluntary certificates:

non-withdrawable capital from government programs, and

other certificates.

certificates for risk capital.

When the consolidated statement of financial position is prepared, the non-controlling interest representing the part of the subsidiary's stockholders' equity corresponding to non-controlling shareholders, will be presented in a separate line, immediately after retained earnings.

Result from holding non-monetary assets

The entity will recognize in this item the unrealized result from holding non-monetary assets, in accordance with the provisions of NIF B-10.

Off-balance sheet accounts

At the bottom of the statement of financial position, situations or events that, according to the definition of assets, liabilities and stockholders' equity mentioned above, should not be included within these concepts in the entities' statement of financial position, but which provide information on any of the following events, must be presented:

guarantees granted;

contingent assets and liabilities such as contingent credit lines, irrevocable credit lines and guarantees, as well as credit commitments such as granted but unused credit lines and revocable credit lines, the foregoing in accordance with NIF C-9;

assets in mandate;

assets in custody or administration;

collaterals received by the entity;

collaterals received and sold or pledged as guarantee by the entity;

amounts that complement the figures contained in the statement of financial position, and

other accounts that the entity considers necessary to facilitate accounting records or to comply with applicable legal provisions.

NAME OF THE SAVINGS AND LOAN COOPERATIVE SOCIETY

LEVEL OF OPERATIONS CORRESPONDING TO

ADDRESS

STATEMENT OF FINANCIAL POSITION AS OF ____ OF ____________ OF ______

EXPRESSED IN CURRENCY OF PURCHASING POWER OF _______________ OF ______ (1)

(Numbers in thousands of pesos)

ASSET

LIABILITY AND CAPITAL

CASH AND CASH EQUIVALENTS

TRADITIONAL DEPOSITS

Immediate demand deposits

INVESTMENTS IN FINANCIAL INSTRUMENTS

Term deposits

Negotiable financial instruments

Dormant accounts

Financial instruments to collect and sell

Financial instruments to collect principal and

BANK AND OTHER LOANS

interest (values)(net)

ORGANISMS

Short-term

REPO DEBTORS

Long-term

CREDIT PORTFOLIO WITH CREDIT RISK

COLLATERALS SOLD OR PLEDGED

STAGE 1

AS GUARANTEE

Commercial credits

Repos

Consumer credits

Other collaterals sold or pledged as guarantee

Housing credits

TOTAL CREDIT PORTFOLIO WITH CREDIT RISK

OBLIGATIONS IN SECURITIZATION OPERATIONS

STAGE 1

LEASE LIABILITY

CREDIT PORTFOLIO WITH CREDIT RISK

CREDIT STAGE 2

OTHER PAYABLES

Commercial credits

Creditors for operation settlements

Consumer credits

Creditors for collaterals received in cash

Housing credits

Social Welfare Fund

Cooperative Education Fund

TOTAL CREDIT PORTFOLIO WITH CREDIT RISK

Contributions payable

STAGE 2

Diverse creditors and other payables

CREDIT PORTFOLIO WITH CREDIT RISK

CREDIT STAGE 3

LIABILITIES RELATED TO GROUPS

Commercial credits

OF ASSETS HELD FOR SALE

Consumer credits

TOTAL CREDIT PORTFOLIO WITH CREDIT RISK

FINANCIAL INSTRUMENTS THAT

STAGE 3

QUALIFY AS LIABILITY

Contributions for future capital increases

CREDIT PORTFOLIO VALUED AT FAIR

pending formalization by their general assembly

of partners

REASONABLE

Others

CREDIT PORTFOLIO

OBLIGATIONS ASSOCIATED WITH THE REMOVAL

(+/-) DEFERRED ITEMS

OF COMPONENTS OF PROPERTIES,

(-) LESS

FURNITURE AND EQUIPMENT

PREVENTIVE ESTIMATE FOR CREDIT RISKS

EMPLOYEE BENEFITS LIABILITY

DEFERRED CREDITS AND ADVANCE COLLECTIONS

TOTAL CREDIT PORTFOLIO (NET)

TOTAL LIABILITY

STOCKHOLDERS' EQUITY

BENEFITS TO BE RECEIVED IN SECURITIZATION

OPERATIONS

CONTRIBUTED CAPITAL

Social capital

OTHER RECEIVABLES (NET)

Ordinary contribution certificates

Voluntary excess certificates

Certificates for risk capital

ADJUDICATED ASSETS (NET)

Contributions for future capital increases

formalized by their general assembly of partners

Effect from incorporation into the regime of

LONG-TERM ASSETS HELD

savings and loan cooperative societies

FOR SALE OR TO DISTRIBUTE TO PARTNERS

ADVANCE PAYMENTS AND OTHER ASSETS

RETAILED EARNINGS

Reserve Fund

Other Capital Reserves

PROPERTIES, FURNITURE AND EQUIPMENT (NET)

Accumulated results

Other comprehensive income

Valuation of negotiable financial instruments

RIGHTS OF USE ASSETS OF

Valuation of financial instruments to collect and

PROPERTIES, FURNITURE AND EQUIPMENT (NET)

sell

Income and expenses related to assets held

for disposal

PERMANENT INVESTMENTS

Remeasurement of defined employee benefits

Accumulated effect from conversion

Result from holding non-monetary assets

INTANGIBLE ASSETS (NET)

Participation in OCI of other entities

TOTAL CONTROLLING INTEREST

RIGHTS OF USE ASSETS OF

TOTAL NON-CONTROLLING INTEREST

INTANGIBLE ASSETS (NET)

TOTAL STOCKHOLDERS' EQUITY

GOODWILL

TOTAL ASSET

TOTAL LIABILITY AND STOCKHOLDERS' EQUITY

OFF-BALANCE SHEET ACCOUNTS

Guarantees granted

Contingent assets and liabilities

Credit commitments

Assets in mandate

Assets in custody or administration

Collaterals received by the entity

Collaterals received and sold or pledged as guarantee by the entity

Accrued interest not collected derived from credit portfolio with credit risk stage 3

Other registration accounts

The concepts appearing in this statement are shown in an enumerative, not exhaustive, manner.

(1)

This line will be omitted if the economic environment is "non-inflationary".

D-2 STATEMENT OF COMPREHENSIVE INCOME

Background

Financial information must comply, among other things, with the purpose of reporting the results of an entity's operations during a defined accounting period, requiring the establishment, through specific criteria, of the object and general structure that the statement of comprehensive income must have. The foregoing, with the aim of obtaining elements of judgment regarding, among other issues, the level of operational efficiency, profitability and financial risk.

Objective and scope

This criterion aims to establish the general characteristics for the presentation and structure of the statement of comprehensive income, the minimum content requirements and the general disclosure rules. Whenever this financial statement is prepared, entities must adhere to the structure and guidelines provided in this criterion, through which the presentation of this financial statement is sought to be homogenized among entities, and in this way, facilitate its comparability.

The statement of comprehensive income aims to present information relative to the result of the entity's operations during a period.

Concepts integrating the statement of comprehensive income

In a broad context, the concepts integrating the statement of comprehensive income are: income, costs, expenses, net result and comprehensive result, considering as such the concepts thus defined in NIF A-1, Chapter 50.

Structure of the statement of comprehensive income

The minimum items that the statement of comprehensive income must contain in entities are the following:

financial margin;

financial margin adjusted for credit risks;

operating result;

result of continuing operations;

net result, and

comprehensive result.

Presentation of the statement of comprehensive income

The items described above correspond to the minimum requirements for the presentation of the statement of comprehensive income; however, entities must break down, either in the said statement of comprehensive income or through notes to the financial statements, the content of the concepts they consider necessary in order to show their results to the user of the financial information. At the end of this criterion, a statement of comprehensive income prepared with the minimum items referred to in the previous paragraph is shown.

Characteristics of the items composing the structure of the statement of comprehensive income

Financial margin

The financial margin must be formed by the difference between interest income and interest expenses, increased or decreased by the result from net monetary position, related to items of the financial margin (in the case of an inflationary environment).

Interest income

Interest income includes, among others, the returns generated by the credit portfolio, contractually called interest, the amortization of interest collected in advance, the financial income accrued in financial leasing operations, financial factoring, discounting and assignment of credit rights, as well as premiums and interest from other financial operations such as deposits in financial entities, investments in financial instruments and repo operations.

Commissions charged for the granting of credit and the effect from renegotiation of credit portfolio are also considered interest income.

Likewise, adjustments for revaluation derived from items denominated in UDIS or in some other general price index, as well as exchange gains, are considered interest income, provided that such items come from positions related to income or expenses that form part of the financial margin.

Interest collected relative to credits classified as portfolio with default risk stage 3, whose accumulation is carried out in accordance with their collection, in accordance with the provisions of Criterion B-4, are part of this item.

Interest expenses

Interest expenses include premiums, discounts and interest derived from traditional deposits, bank and other organism loans, interest, transaction costs and discounts associated with financial instruments qualifying as liability. In addition to premiums paid for the early redemption of financial instruments qualifying as liability.

Likewise, adjustments for revaluation derived from items denominated in UDIS or in some other general price index, as well as exchange losses on positions, are considered interest expenses, provided that such concepts come from assets or liabilities related to expenses or income that form part of the financial margin.

Likewise, amortization of costs and expenses associated with the granting of credit (transaction costs), the effect from renegotiation of credit portfolio, those derived from lease liabilities and the financial effect of provisions are considered interest expenses.

Result from net monetary position (financial margin)

The result from net monetary position referred to in paragraph 7 will be that which originates from items whose income or expenses form part of the financial margin (in the case of an inflationary environment).

Financial margin adjusted for credit risks

It corresponds to the financial margin reduced by amounts related to movements in the preventive estimate for credit risks in a given period.

Operating result

It corresponds to the financial margin adjusted for credit risks, increased or decreased by:

commissions and fees charged and paid;

the result from intermediation;

other operating income (expenses) other than interest income or expenses that have been included within the financial margin, the yields charged for the issuance of excess or voluntary certificates, and

administrative and promotional expenses.

Commissions and fees charged and paid

Commissions and fees charged and paid are those generated by credit operations other than those indicated in paragraphs 9 and 14, loans received and by the provision of services among others, of handling, transfer, custody or administration of resources and by the granting of guarantees. This item also includes commissions related to the use or issuance of credit cards, either directly as first and subsequent annual fees, queries or issuance of plastic, or indirectly as those charged to affiliated establishments.

Result from intermediation

Likewise, the result from intermediation is considered part of the operating result, understood as the following concepts:

result from fair value valuation of negotiable financial instruments, as well as sold collaterals;

estimate of expected credit losses for investments in financial instruments;

result from currency valuation;

result from sale and purchase of financial instruments (securities);

result from sale and purchase of currencies;

result from sale of received collaterals;

transaction costs for sale and purchase of negotiable financial instruments, and

other financial results.

Other operating income (expenses)

Other operating income (expenses) include income and expenses derived from the entity's operations that are not included in the previous paragraphs, nor form part of administrative and promotional expenses, such as:

costs and expenses for credit portfolio recoveries;

recoveries of taxes and excess in benefits to be received in securitization operations;

result from acquisition or sale of portfolio;

income from purchase option in financial leasing operations;

income from participation in the sale price of goods in financial leasing operations;

impacts on the estimate of expected credit losses;

losses;

donations;

result from adjudication of assets, result from valuation of adjudicated assets, result in sale of adjudicated assets, as well as estimate for loss of value in adjudicated assets;

prescribed resources in favor of the entity of dormant accounts based on current legislation;

loss from custody and administration of assets;

loss from impairment or effect from reversal of impairment of other long-term assets held for sale;

interest charged in financing for acquisition of assets;

result in sale of properties, furniture and equipment;

cancellation of other liability accounts;

interest in favor derived from loans to officials and employees;

rental income;

result from valuation of the asset (or liability) from administration of transferred financial assets, as well as benefits to be received in securitization operations, and

other items of operating income (expenses).

In addition to the items previously mentioned, the result from monetary position, in the case of an inflationary environment, and the exchange result generated by items not related to the financial margin of the entities, will be presented in the item of other operating income (expenses).

Administrative and promotional expenses

Administrative and promotional expenses must be considered within the operating result, which must include all types of direct short-term benefits granted to the entity's employees,

Workers' Participation in Profits (PTU) incurred and deferred, the net cost of the period derived from long-term employee benefits, honoraria, rents (for example variable payments for leasing, short-term leases), insurance and bonds, promotional and advertising expenses, contributions to the Auxiliary Supervision Fund of Savings and Loan Cooperative Societies and for the Protection of their Savers, taxes and various duties, technology expenses, non-deductible expenses, depreciation and amortization, loss from impairment or effect from reversal of impairment of real estate and other assets in use, and other administrative and promotional expenses.

Result of continuing operations

It will be the operating result, incorporating the participation in the net result of other entities, increased or decreased in its case by the effects of impairment and their reversals, dividends from permanent investments, adjustments associated with other permanent investments, and the effects of valuation of permanent investments available for sale.

Net result

It corresponds to the result of continuing operations increased or decreased as appropriate, by discontinued operations referred to in NIF B-11.

Comprehensive result

It corresponds to the net result increased or decreased by the OCI of the period, net of the effects related to PTU, as well as the participation in the OCI of other entities.

OCI will be integrated by: valuation of negotiable financial instruments, when they are non-negotiable capital instruments in the short term, valuation of financial instruments to collect and sell, income and expenses related to assets held for disposal, remeasurement of defined

defined to employees, the cumulative effect from translation, and the result from holding non-monetary assets.

Disclosure Standards

The following shall be disclosed in the notes to the financial statements:

composition of the financial margin, identifying interest income and interest expenses, distinguishing them by the type of operation from which they originate (investments in financial instruments, repurchase agreements, credit portfolio, traditional deposits disaggregated, as well as bank loans and from other organizations, among others);

in the case of the credit portfolio, the amount of interest income by type of credit (business or commercial activity, microcredits, other savings and loan cooperative societies, consumer, housing, among others) shall also be identified;

composition of the intermediation result, identifying the result from valuation at fair value and, where applicable, the result from buying and selling, according to the type of operation from which they originate (investments in financial instruments, as well as sold collateral);

amount of the result from valuation of the credit portfolio valued at fair value;

amount of fees charged disaggregated by the main products handled by the entity;

the amounts of transaction costs recognized in results and the weighted average term for their amortization, as well as the elements that justify their direct relationship with the granting of credit;

details of the movements of Other Comprehensive Income (OCI), corresponding to the effect of the period and the recycling that was carried out, where applicable, and

the amounts of PTU (Profit Sharing) related to OCI.

NAME OF THE SAVINGS AND LOAN COOPERATIVE SOCIETY

LEVEL OF OPERATIONS CORRESPONDING

ADDRESS

STATEMENT OF COMPREHENSIVE INCOME FROM ___________________TO _________________OF ___

EXPRESSED IN CURRENCY OF PURCHASING POWER OF ________ OF _______ (1)

(Numbers in thousands of pesos)

Interest Income $

Interest Expenses "

Net monetary position result (financial margin) "

FINANCIAL MARGIN "

Preventive estimate for credit risks "

FINANCIAL MARGIN ADJUSTED FOR CREDIT RISKS "

Fees and tariffs charged "

Fees and tariffs paid "

Intermediation result "

Other income (expenses) from operations "

Administration and promotion expenses "

OPERATING RESULT "

Participation in the net result of other entities "

RESULT OF CONTINUING OPERATIONS "

Discontinued operations "

NET RESULT "

Other Comprehensive Income

Valuation of negotiable financial instruments "

Valuation of financial instruments to collect and sell "

Income and expenses related to assets held for disposal "

Remediation of defined benefits to employees "

Cumulative effect from translation "

Result from holding non-monetary assets " "

Participation in OCI of other entities "

COMPREHENSIVE RESULT $

Net result attributable to:

Controlling interest "

Non-controlling interest "

Comprehensive result attributable to:

Controlling interest "

Non-controlling interest "

The concepts appearing in this statement are shown in an enumerative but not limiting manner.

( 1 ) This line shall be omitted if the economic environment is "non-inflationary".

D-3

STATEMENT OF CHANGES IN EQUITY

Background

Financial information must fulfill, among other things, the purpose of reporting modifications in partners' contributions during a defined accounting period, requiring the establishment, through specific criteria, of the objectives and general structure that the statement of changes in equity must have, in order to evaluate, among other issues, the profitability indices of the entity, both for a specific accounting period and cumulatively up to the date of the financial statements.

Objective and Scope

This standard aims to establish the general characteristics for the presentation and structure that the statement of changes in equity of entities must have, the minimum content requirements, and the general disclosure standards. The foregoing, with the purpose of homogenizing the presentation of this financial statement among entities and, in this way, facilitating its comparability.

The statement of changes in equity aims to present the movements between the initial and final balances of contributed capital and retained earnings during an accounting period. In general and non-limiting terms, the main items that make up equity are:

contributed capital, which is composed of partners' contributions and contributions for future capital increases formalized by their general partners' assembly and the effect from incorporation into the savings and loan cooperative society regime, and

retained earnings, which is composed of accumulated comprehensive results, as well as reserves created by the partners of the entity.

Therefore, the basic elements of the statement of changes in equity of entities are: partner movements, reserve movements, and comprehensive result in accordance with NIF A-1, Chapter 50.

The movements presented in the statement of changes in equity must be segregated into the amounts corresponding to:

controlling interest, which is the portion of the equity of subsidiaries that belongs to the controlling entity, and

non-controlling interest, which is the portion of the equity of subsidiaries that belongs to owners other than the controlling entity.

This standard does not aim to establish the mechanism by which the aforementioned movements are determined, as they are subject to accounting standards for savings and loan cooperative societies or specific NIFs established for this purpose.

Structure of the Statement of Changes in Equity

The statement of changes in equity must present, in a segregated manner, for each period for which it is presented, the amounts relative to, where applicable:

initial balances of equity;

adjustments from retrospective application due to accounting changes and corrections of errors;

adjusted initial balances;

partner movements;

reserve movements;

comprehensive result, and

final balances of equity.

Initial Balances of Equity

In this line, the book values of each of the equity items with which the entity began each period for which the statement of changes in equity is presented must be shown.

Adjustments from Retrospective Application due to Accounting Changes and Corrections of Errors

This corresponds to adjustments derived from the retrospective application established in NIF B-1 "Accounting Changes and Corrections of Errors". When retrospective adjustments have been determined that consequently affect the initial balances of the period, the corresponding amounts must:

be presented immediately after the initial balances, as they are adjustments to them, and

be presented in a segregated manner by the amounts affecting each equity item.

In cases where, in the same accounting period, retrospective adjustments have been determined both for accounting changes and for corrections of errors, both amounts must be presented in a segregated manner within the body of the statement of changes in equity.

Adjusted Initial Balances

These result from the algebraic sum of the initial balances of equity and the adjustments from retrospective application to each item individually.

Partner Movements

These are changes to contributed capital or, where applicable, to retained earnings, during an accounting period, derived from the decisions partners make regarding their contribution to the entity. Some examples of this type of movement are the following:

subscription of contribution certificates;

distribution of yields or surpluses;

capitalization of contributed capital items;

capitalizations of reserves, and

changes in controlling interest that do not imply loss of control.

Movements corresponding to partners' contributions must be shown separately from those that are distributions to them, that is, they must not be shown in a net manner.

Reserve Movements

In this line, the amounts representing increases or decreases to capital reserves must be shown.

Comprehensive Result

This refers to the increase or decrease in retained earnings of a society derived from its operations, during an accounting period, originated by net profit or loss, plus other comprehensive income. In this line, the comprehensive result will be presented broken down into the following components:

net result of the period;

other comprehensive income (OCI), and

participation in OCI of other entities.

Likewise, the net movement of the period of the components of the comprehensive result must be presented; as net movement, OCI net of PTU and the recycling of OCI must be understood.

Final Balances of Equity

The final balances of equity are determined by the algebraic sum of the adjusted initial balances of each of the equity items plus partner movements, reserve movements, and the comprehensive result.

Presentation of the Statement of Changes in Equity

The concepts described above correspond to the minimum requirements for the presentation of the statement of changes in equity; however, entities must break down, either in the cited statement of changes in equity or through notes to the financial statements, the content of the concepts they consider necessary for users of financial information to understand the movements that affected the equity of the entities in the period. At the end of this standard, a statement of changes in equity prepared with the requirements referred to in this standard is shown.

General Considerations

In the event of an inflationary environment, all balances and movements incorporated in the statement of changes in equity must be shown expressed in monetary units of purchasing power relative to the date of the financial statements.

Disclosure Standards

The following shall be disclosed in the notes to the financial statements:

The amount of the distribution of yields or surpluses of the period, as well as the manner in which they were paid;

The reason for the distribution of yields or surpluses carried out in the period, and

a description of how the capital contributions of the period were made.

NAME OF THE SAVINGS AND LOAN COOPERATIVE SOCIETY

LEVEL OF OPERATIONS CORRESPONDING

ADDRESS

STATEMENT OF CHANGES IN EQUITY FROM ___________________TO _________________OF ___

EXPRESSED IN CURRENCY OF PURCHASING POWER OF ________ OF _______ (1)

(Numbers in thousands of pesos)

Concept

Contributed Capital

Retained Earnings

Total

controlling

interest

Total

non-controlling

interest

Total

equity

Social Capital

Contributions for

future increases

in capital

formalized by

their general

partners' assembly

Effect from

incorporation

into the regime of

savings and loan

cooperative

societies

Reserve

Fund

Other

capital

reserves

Accumulated

Results

Valuation of

financial instruments

negotiable

Valuation of

financial instruments

to collect and

sell

Income and

expenses

to assets

held

for their

disposal

Remediation

of defined benefits

to employees

Cumulative

effect

from

translation

Result

from holding

non-monetary

assets

Participation

in OCI of

other

entities

Balance at _____ of ____________ of

Retrospective adjustments for accounting

changes

Retrospective adjustments for

corrections of errors

Balance at ____ of _____ of

_______adjusted

PARTNER MOVEMENTS

Subscription of contribution

certificates

Distribution of yields or

surpluses

Capitalization of other concepts of

equity

Changes in controlling interest

that do not imply loss of control

Total

RESERVE MOVEMENTS

Capital reserves

COMPREHENSIVE RESULT:

Net result
Other comprehensive income:

Valuation of financial instruments

negotiable

Valuation of financial instruments

to collect and sell

Income and expenses related to

assets held for their

disposal

Remediation of defined benefits

to employees

Cumulative effect from translation

Result from holding non-monetary

assets

Participation in OCI of other

entities

Total

Balance at _____ of ___________ of

The concepts appearing in this statement are shown in an enumerative but not limiting manner.

(1)

This line shall be omitted if the economic environment is "non-inflationary"

D-4 STATEMENT OF CASH FLOWS

Background

Financial information must fulfill, among other things, the purpose of showing the manner in which entities generate and use cash and cash equivalents, which are essential to maintain their operations, cover their obligations, as well as distribute yields or surpluses.

Objective and Scope

This standard aims to establish the general characteristics for the presentation, structure, and preparation of the statement of cash flows of entities, as well as the disclosures that complement said financial statement. Likewise, minimum guidelines are established, with the purpose of homogenizing the presentation of this financial statement among entities and, in this way, facilitating its comparability.

The statement of cash flows has the main objective of providing users of basic financial statements with information regarding the inflows and outflows of cash during an accounting period.

When the statement of cash flows is used together with the rest of the financial statements, it provides information that allows users to:

evaluate changes in the entity's assets and liabilities and in its financial structure (including its liquidity and solvency), and

evaluate both the amounts and dates of collections and payments, in order to adapt to the circumstances and to the opportunities for generation and application of cash and cash equivalents.

Likewise, the statement of cash flows presents the operations that were carried out in the period, that is, those that were materialized with the collection or payment of the item in question; while the statement of comprehensive income shows the operations accrued in the same period, that is, when they are recognized accounting-wise at the moment they economically affect the entity, regardless of the date they are considered carried out for accounting purposes.

The statement of cash flows allows entities to improve the comparability of information on operational performance with different entities, because it eliminates the effects generated by the use of different accounting treatments for the same transactions and economic events.

Historical information on cash flows is used as an indicator of the amount, timing of generation, and probability of future cash flows. Likewise, such information is useful to verify the accuracy of forecasts made in the past of future cash flows, to analyze the relationship between profitability and net cash flows, as well as, where applicable, the effects of inflation when there is an inflationary environment.

Definition

Financing Activities.- These are those related to the obtaining, as well as the remuneration and reimbursement of funds coming from: i) the partners of the entity; ii) creditors granting financing not related to usual operating activities, and iii) the issuance by the entity of financial instruments that qualify as liabilities.

Investing Activities.- These are those related to the acquisition and disposal of: i) properties, furniture and equipment, intangible assets, and other assets intended for use or for the provision of services; ii) long-term financial instruments; iii) permanent investments, and iv) activities related to the granting and recovery of loans not related to operating activities.

Operating Activities.- These are those that constitute the main source of income for the entity, including other activities that cannot be classified as investing or financing.

Cash and Cash Equivalents.- This concept shall be understood as established by Criterion B-1.

Cash Inflows.- These are increases in cash during an accounting period, generated by the decrease of any other asset other than cash, the increase in liabilities, or by increases to capital by the general partners' assembly.

Cash Flows.- These are inflows and outflows of cash and cash equivalents. Movements between the items that constitute cash and cash equivalents shall not be considered cash flows, since these components are part of the administration of cash and cash equivalents of the entity, rather than its operating, investing, or financing activities.

Cash Outflows.- These are decreases in cash during an accounting period, generated by the increase of any other asset other than cash, the decrease in liabilities, or by the disposal of equity by the general partners' assembly.

Nominal Value.- This is the amount in monetary units expressed in bills, coins, securities, and instruments.

Presentation Standards

General Considerations

Entities must exclude from the statement of cash flows all operations that did not affect cash flows. For example:

operations negotiated with the exchange of assets;

creation of reserves and any other transfer between equity accounts, and

effects from recognition of fair value.

Structure of the Statement of Cash Flows

Entities must classify and present cash flows, according to their nature, in operating, investing, and financing activities, attending to their economic substance and not to the form used to carry them out.

The structure of the statement of cash flows must include, at a minimum, the following items:

operating activities;

investing activities;

financing activities;

net increase or decrease in cash and cash equivalents;

effects from changes in the value of cash and cash equivalents;

cash and cash equivalents at the beginning of the period, and

cash and cash equivalents at the end of the period.

Operating Activities

Cash flows from operating activities are an indicator of the extent to which these activities have generated sufficient liquid funds to maintain the entity's operating capacity, to make new investments without resorting to external financing sources, and, where applicable, to pay financing and yields.

Because the cash flows related to these activities are those derived from the operations that constitute the main source of income of the entity, in this section are included activities that intervene in the determination of its net result, excepting those that are associated either with investing or financing activities. Some examples of cash flows from operating activities are:

payments for the acquisition of investments in financial instruments (securities);

cash and cash outflows for debtors by repurchase agreements;

cash and cash outflows for the granting of credits;

cash and cash outflows from other receivables;

cash and cash inflows from traditional deposits;

cash and cash inflows from sold or pledged collateral;

collections of interest income referred to in Criterion D-2, as well as its main associated, which come from, among others, the following concepts:

cash and cash equivalents (except for profit or loss from exchange coming from this concept);
credit portfolio;
investments in financial instruments, and
debtors by repurchase agreements.

payments of interest expenses referred to in Criterion D-2, as well as its main associated, which come from, among others, the following concepts:

traditional deposits, and
financial instruments that qualify as liabilities.

collections and payments, as applicable, of fees and expenses associated with the granting of credit;

collections and payments, as applicable, of fees and tariffs generated by:

credit operations other than those indicated in the previous clause;
loans received, and
provision of services (fund transfer, resource administration, and granting of guarantees, among others).

collections and payments from the buying and selling of foreign exchange, investments in financial instruments, and credit portfolio;

collections and payments for securitization operations;

collections from the sale of adjudicated goods;

payments for direct benefits to employees, fees, rents, promotion and advertising expenses, contributions to the Auxiliary Supervision Fund of Savings and Loan Cooperative Societies and Protection for their Savers, among other administrative expenses;

payments of taxes;

tax refunds, and

collections from credit portfolio recoveries.

Investing Activities

Cash flows related to investing activities represent the extent to which entities have allocated resources to items that will generate income and cash flows in the medium and long term.

Cash flows from investing activities are, for example, the following:

payments for long-term financial instruments;

collections from long-term financial instruments;

payments for acquisition of properties, furniture, and equipment;

collections from disposal of properties, furniture, and equipment;

payments for discontinued operations;

collections from discontinued operations;

payments for acquisition of subsidiaries;

collections from disposal of subsidiaries;

payments for the acquisition of associates, joint ventures, and other permanent investments;

collections from the disposal of associates, joint ventures, and other permanent investments;

collections of dividends from permanent investments;

l) payments for the acquisition of intangible assets, and

m) collections from the disposal of intangible assets.

Acquisitions and disposals of subsidiaries and other businesses

Cash flows arising from the acquisitions or disposals of subsidiaries and other businesses must be classified as investing activities; likewise, they must be presented in a single separate line item involving the entire acquisition or, as applicable, disposal operation, rather than presenting the individual acquisition or disposal of the assets and liabilities of said businesses at the date of acquisition or disposal.

Cash flows arising from acquisitions must not be offset against those from disposals.

Cash flows paid for the acquisition of subsidiaries and other businesses must be presented net of the cash and cash equivalents balance acquired in said operation.

Cash flows collected from the disposal of subsidiaries and other businesses (discontinued operations) must be presented net of the cash and cash equivalents balance disposed of in said operation.

Financing activities

Cash flows generated by financing activities show the entity's capacity to restore to its partners and creditors the resources they initially allocated to the entity and, as applicable, to pay them returns.

Cash flows from financing activities are, for example, the following:

collections from obtaining bank loans and from other entities;

b) payments of bank loans and from other entities;

c) collections from the issuance of contribution certificates by the entity itself, net of the related issuance expenses;

d) payments to partners for withdrawal of contributions or distribution of surpluses;

e) collections from the issuance of financial instruments that qualify as liabilities;

f) payments associated with financial instruments that qualify as liabilities, and

g) payments of lease liabilities and lease interest.

Net increase or decrease in cash and cash equivalents

After classifying cash flows in operating activities, investing activities, and financing activities, the net cash flows from these three sections must be presented.

Effects from changes in the value of cash and cash equivalents

Entities must present in a separate line item, as applicable, the following:

the effects from gains or losses on changes in cash and cash equivalents referred to in paragraph 38, which includes the difference generated by converting the initial balance of cash and cash equivalents to the closing daily exchange rate of the previous period, published by the Bank of Mexico on its Internet website, www.banxico.org.mx, or the one that replaces it, and of the final balance of cash and cash equivalents to the closing daily exchange rate of the current period, published by the Bank of Mexico on the aforementioned website;

the effects on the balances of cash and cash equivalents from changes in their value resulting from fluctuations in the exchange rate and their fair value, and

the effects from inflation associated with the balances and cash flows of cash and cash equivalents of any of the entities that make up the consolidated economic entity and that are located in an inflationary economic environment.

The effects referred to in the preceding paragraph must be presented in the statement of cash flows in a segregated manner to allow for adequate reconciliation between the cash balance at the beginning and at the end of the period.

Cash and cash equivalents at the beginning of the period

Entities must present a separate item titled "Cash and cash equivalents at the beginning of the period", which corresponds to the balance of cash and cash equivalents presented in the statement of financial position at the end of the previous period (including restricted cash and cash equivalents), in order to reconcile it with the balance of cash and cash equivalents at the end of the current period.

Cash and cash equivalents at the end of the period

Entities must present a separate item titled "Cash and cash equivalents at the end of the period", which must be determined by the algebraic sum of the items: "Net increase in cash and cash equivalents" or "Net decrease in cash and cash equivalents", "Effects from changes in the value of cash and cash equivalents", and "Cash and cash equivalents at the beginning of the period". This sum must correspond to the balance of cash and cash equivalents presented in the statement of financial position at the end of the period.

Procedure for preparing the statement of cash flows

To determine and present the cash flows from operating activities, the entity must apply the indirect method, through which the operating result is increased or decreased; this amount is adjusted for the effects of operations from previous periods collected or paid in the current period and for operations of the current period of deferred collection or payment into the future; likewise, it is adjusted for operations associated with investing or financing activities.

Cash flows related to operating activities must be determined by increasing or decreasing the net result by the effects of:

items considered associated with:

investing activities, for example, depreciation and gains or losses on the sale of properties, furniture, and equipment, amortization of intangible assets, impairment losses on long-lived assets, as well as participation in the net result of other entities, and

ii.

financing activities, for example, interest associated with bank loans and from other entities.

changes that occur during the period in the items that form part of the entity's working capital, that is, that occur in the balances of the operational items of the statement of financial position of the entities during the period, such as those indicated in paragraph 20.

Investing and financing activities

Entities must determine and present separately, after the operating activities item, the cash flows derived from the main concepts of gross receipts and payments related to investing and financing activities, that is, receipts and payments must not be offset against each other.

Conversion of balances or cash flows in foreign currency

In order to determine the changes in the balances of operational items in foreign currency of operating activities, these must be converted at the closing daily exchange rate published by the Bank of Mexico on its internet website, www.banxico.org.mx, or the one that replaces it, at the date of closing.

Cash flows arising from foreign currency transactions related to investing and financing activities will be converted to the entity's reporting currency by applying to the amount in foreign currency the closing daily exchange rate at the date on which each flow occurred, which will be the one published by the Bank of Mexico on the aforementioned Internet website.

Gains or losses from changes originating from exchange rate variations are not cash flows. However, the effect of exchange rate variations on cash and cash equivalents held or payable in foreign currency is presented in the statement of cash flows in order to reconcile the cash and cash equivalents at the beginning and at the end of the period. This effect must be presented separately from the operating, investing, and financing activity items, within the item called "Effects from changes in the value of cash and cash equivalents", referred to in paragraph 29, which includes the differences, as applicable, of having presented the cash flows at the closing exchange rate of the current period.

Inflation effects

When, in terms of what is established in NIF B-10, the economic environment corresponds to a non-inflationary environment, entities must present their statement of cash flows expressed in nominal values, whereas, if said economic environment is inflationary, entities must present their statement of cash flows expressed in monetary units of purchasing power at the date of closing of the current period.

In cases where the entity's economic environment is inflationary, as part of the operations that did not affect cash flows, the effects of inflation recognized in the period within the financial statements must be excluded, in order to determine a statement of cash flows at nominal values. Such cash flows must be presented expressed in monetary units of purchasing power at the date of closing of the current period.

When the entity's environment has changed from non-inflationary to inflationary, the cash flow statements of previous periods must be presented expressed in monetary units of purchasing power of the date of closing of the current period.

In cases where the entity's economic environment has changed from inflationary to non-inflationary, the cash flow statements of previous periods must be presented expressed in the monetary units of purchasing power of the last cash flow statement presented within an inflationary environment and included in said comparative presentation.

Investments in other entities

Cash flows between the holding entity and its unconsolidated subsidiaries, associates, and joint ventures must be presented in the statement of cash flows, that is, they must not be eliminated; for example, cash flows related to intercompany operations or to the collection and payment of returns or surpluses.

In the preparation of the consolidated statement of cash flows, cash flows that occurred during the period between the entities that form part of the economic entity being consolidated must be eliminated. For example, cash flows derived from intercompany operations, capital contributions, and paid returns or surpluses.

In cases where a controlling entity purchases or sells shares of a subsidiary to the non-controlling interest, the cash flows associated with said operation must be presented as financing activities, within the consolidated statement of cash flows. This is because this operation is considered a transaction between owners.

Disclosure standards

The following must be disclosed in the notes to the financial statements:

the amount of unused loans that may be available for operating activities or for the payment of investing or financing operations, indicating the restrictions on the use of funds from said loans;

relevant operations, investing, and financing, that have not required the use of cash or cash equivalents. For example, the acquisition of properties, furniture, and equipment through financing;

the total amount of cash flows that represent surpluses for future investments or for payments of financing or returns to partners; as well as those increases in operating capacity, separated from the cash flows that are essentially required to maintain the entity's operating capacity, and

in relevant changes, whether or not they required the use of cash or cash equivalents, in liabilities considered as part of financing activities, preferably, a reconciliation of the initial and final balances of said items must be made. An entity must disclose regarding liabilities for financing activities, the following:

changes in cash flows;

ii.

changes derived from obtaining or losing control of subsidiaries and other businesses;

iii.

the effect of changes from exchange rate fluctuations;

iv.

changes in associated financial assets, whose cash flows must be presented as part of financing activities, and

other relevant changes.

Likewise, the following must be disclosed with respect to the acquisitions and disposals of subsidiaries and other entities:

the total consideration derived from said acquisitions or disposals, breaking down:

the portion of the consideration paid or collected in cash and cash equivalents, and

ii.

the amount of cash and cash equivalents received that the acquired or disposed subsidiary or entity had at the date of acquisition or disposal;

the amount of assets and liabilities other than cash and cash equivalents of the acquired or disposed subsidiary or entity at the date of acquisition or disposal. These amounts must be grouped by major items.

NAME OF THE SAVINGS AND LOAN COOPERATIVE SOCIETY

LEVEL OF OPERATIONS CORRESPONDING

ADDRESS

STATEMENT OF CASH FLOWS

FROM __ OF __________ TO __ OF __________ OF ____

(1)

EXPRESSED IN PURCHASING POWER CURRENCY OF ________ OF _______

(Thousands of pesos)

Operating Activities

Operating Result

Adjustments for items associated with investing activities:

Depreciation of properties, furniture, and equipment

Amortization of intangible assets

Losses or reversal of losses on impairment of long-lived assets

Participation in the net result of other entities

Other adjustments for items associated with investing activities

Discontinued operations

Long-lived assets held for sale or for distribution to partners

Adjustments for items associated with financing activities:

Interest associated with bank loans and from other entities

Interest associated with financial instruments that qualify as liabilities

Interest on lease liabilities

Other interest

Sum

Changes in operational items

Change in investments in Financial Instruments (securities) (net)

Change in repo debtors (net)

Change in credit portfolio (net)

Change in benefits to receive in securitization operations

Change in other accounts receivable (net)

Change in adjudicated goods (net)

Change in other operational assets (net)

Change in traditional deposits

Changes in bank loans and from other entities

Change in collateral sold or pledged

Change in obligations in securitization operations

Change in other operational liabilities

Change in assets/liabilities for employee benefits

Change in other accounts payable

Change in other provisions

Net cash flows from operating activities

Investing Activities

Payments for long-term financial instruments

Collections from long-term financial instruments

Payments for acquisition of properties, furniture, and equipment

Collections from disposal of properties, furniture, and equipment

Payments for discontinued operations

Collections from discontinued operations

Payments for acquisition of subsidiaries

Collections from disposal of subsidiaries

Payments for acquisition of associates, joint ventures, and other permanent investments

Collections from disposal of associates, joint ventures, and other permanent investments

Collections of dividends from permanent investments

Payments for acquisition of intangible assets

Collections from disposal of intangible assets

Other collections from investing activities

Other payments for investing activities

Net cash flows from investing activities

Financing Activities

Collections from obtaining bank loans and from other entities

Payments of bank loans and from other entities

Payments for lease liability

Collections from subscription of contribution certificates

Payments for distribution of capital surplus

Collections from issuance of financial instruments that qualify as liabilities

Payments associated with financial instruments that qualify as liabilities

Other collections from financing activities

Other payments for financing activities

Net cash flows from financing activities

Net increase or decrease in cash and cash equivalents

Effects from changes in the value of cash and cash equivalents

Cash and cash equivalents at the beginning of the period

Cash and cash equivalents at the end of the period

The concepts appearing in this statement are shown in an enumerative but not limiting manner.

(1)

This line will be omitted if the economic environment is "non-inflationary"

ANNEX F

CREDIT PORTFOLIO QUALIFICATION FORMAT

NAME OF THE SAVINGS AND LOAN COOPERATIVE SOCIETY CREDIT PORTFOLIO QUALIFICATION

AS OF ________________________

(Thousands of pesos)

CONSUMPTION PORTFOLIO

Credit risk stage

Days of delinquency

Percentage (%) of preventive estimates

Amount

Stage 1

1 to 7

8 to 30

Stage 2

31 to 60

61 to 89

Stage 3

90 to 120

121 to 180

181 or more

100

COMMERCIAL PORTFOLIO

Credit risk stage

Days of delinquency

Amount

Stage 1

0 to 30

Stage 2

31 to 89

Stage 3

90 or more

PRODUCTIVE MICRO-CREDITS

Credit risk stage

Weeks of delinquency

% of preventive estimates

Amount

Stage 1

0.50

Stage 2

Stage 3

20 or more

100

Credit risk stage

Fortnightly delinquency

% of preventive estimates

Amount

Stage 1

0.50

Stage 2

Stage 3

10 or more

100

Credit risk stage

Months of delinquency

% of preventive estimates

Amount

Stage 1

0.50

Stage 2

Stage 3

5 or more

100

HOUSING PORTFOLIO

Credit risk stage

Days of delinquency

% of preventive estimates

Amount

Stage 1

0.35

1 to 30

1.05

Stage 2

31 to 60

2.45

61 to 89

8.75

Stage 3

90 to 120

17.50

121 to 150

33.25

151 to 180

34.30

181 to 1460

More than 1460

100

NOTES:

The figures for the qualification and constitution of preventive reserves correspond to the last day of the month to which the statement of financial position as of ___ of ____________ of ____ refers.

The credit portfolio is qualified in accordance with what is established in Title Three, Chapter II, Fifth Section, and in Annex C of these provisions to which this annex is attached.

The excess in the preventive reserves constituted is explained as follows ____________.

ANNEX J

MAPPING OF QUALIFICATIONS AND RISK DEGREES

I. Table of Correspondence of Qualifications and Long-Term Risk Degrees

Risk Degrees

Global Scale

Local Mexico Scale

S&P

MOODY'S

FITCH

HR RATINGS

A.M. Best

DBRS

S&P

MOODY'S

FITCH

HR RATINGS

VERUM

A.M. Best

DBRS

AAA

Aaa

AAA

HR AAA(G)

aaa

AAA

AA+

Aa1

AA+

HR AA+(G)

aa+

AA (high)

Aa2

HR AA (G)

AA-

Aa3

AA-

HR AA- (G)

aa-

AA (low)

A+

HR A+ (G)

A (high)

mxAAA

AAA.mx

AAA (mex)

HR AAA

AAA/M

aaa.mx

AAA.MX

HR A (G)

A-

HR A- (G)

A (low)

BBB+

Baa1

BBB+

HR BBB+(G)

bbb+

BBB (high)

mxAA+

AA+.mx

AA+ (mex)

HR AA+

AA+/M

aa+.mx

AA.MX (high)

BBB

Baa2

BBB

HR BBB (G)

bbb

BBB

mxAA

AA.mx

AA (mex)

HR AA

AA/M

aa.mx

AA.MX

BBB-

Baa3

BBB-

HR BBB- (G)

bbb-

BBB (low)

mxAA-

AA-.mx

AA- (mex)

HR AA-

AA-/M

aa-.mx

AA.MX (low)

BB+

Ba1

BB+

HR BB+ (G)

bb+

BB (high)

mxA+

A+.mx

A+ (mex)

HR A+

A+/M

a+.mx

A.N.MX (high)

Ba2

HR BB (G)

mxA

A.mx

A (mex)

HR A

A/M

a.mx

A.N.MX

BB-

Ba3

BB-

HR BB- (G)

bb-

BB (low)

mxA-

A-.mx

A- (mex)

HR A-

A-/M

a-.mx

A.N.MX (low)

B+

HR B+ (G)

B (high)

mxBB+

BB+.mx

BB+ (mex)

HR BB+

BB+/M

bb+.mx

BB.N.MX (high)

HR B (G)

mxBB

BB.mx

BB (mex)

HR BB

BB/M

bb.mx

BB.N.MX

B-

HR B- (G)

B (low)

mxBB-

BB-.mx

BB- (mex)

HR BB-

BB-/M

bb-.mx

BB.N.MX (low)

CCC

Caa

CCC

HR C+ (G)

ccc+

CCC (high)

mxB+

B+.mx

B+ (mex)

HR B+

B+/M

b+.mx

B.N.MX (high)

HR C (G)

ccc

CCC

mxB

B.mx

B (mex)

HR B

B/M

b.mx

B.N.MX

HR C- (G)

ccc-

CCC (low)

mxB-

B-.mx

B- (mex)

HR B-

B-/M

b-.mx

B.N.MX (low)

and lower

mxCCC

CCC+.mx

CCC (mex)

HR C+

C/M

ccc+.mx

CCC.N.MX (high)

mxCC

CCC.mx

CC (mex)

HR C

D/M

ccc.mx

CCC.N.MX

and lower

CCC-.mx

C (mex)

HR C-

and lower

ccc-.mx

CCC.N.MX (low)

CC.mx

and lower

C.mx

and lower

II. Table of Correspondence of Qualifications and Short-Term Risk Degrees

Risk Degrees

Short Term

Recognized Rating Scales

Global Scale

Local Mexico Scale

S&P

MOODY'S

FITCH

HR RATINGS

A.M. Best

DBRS

S&P

MOODY'S

FITCH

HR RATINGS

VERUM

DBRS

A-1+

P-1

F1+

HR+1 (G)

AMB-1+

R-1 (high)

mxA-1+

ML A-1.mx

F1+(mex)

HR+1

1+/M

R-1.N (high)

A-1

HR1 (G)

AMB-1

R-1 (medium)

mxA-1

F1 (mex)

HR1

1/M

R-1.N (medium)

R- (low)

R-1.N (low)

A-2

P-2

HR2 (G)

AMB-2

R-2 (high)

mxA-2

ML A-2.mx

F2 (mex)

HR2

2/M

R-2.N (high)

R-2 (medium)

R-2.N (medium)

R-2 (low)

R-2.N (low)

A-3

P-3

HR3 (G)

AMB-3

R-3

mxA-3

ML A-3.mx

F3 (mex)

HR3

3/M

R-3.N

HR4 (G)

AMB-4

R-4

mxB

B (mex)

HR4

4/M

R-4.N

HR5 (G)

and lower

R-5

mxC

and lower

ML B.mx

C (mex)

HR5

D/M

R-5.N

and lower

ML C.mx

and lower

ANNEX M

Regulatory reports that the Protection Fund must present

Index

Series R01 Protection Fund Financial Situation

Frequency

A-0111

Protection Fund Financial Situation

Monthly

Series R03 Investments in financial instruments

Frequency

A-0311

Investments in financial instruments of the deposit insurance account

Monthly

Series R04 Protection Fund Support

Frequency

C-0441

Protection Fund Support

Monthly

Series R21 Capitalization of Basic Societies

Frequency

A-2113

Classification of savings and loan cooperative societies with

Basic operations level by capitalization category

Semi-annual

Series R22 Protection Fund Information

Frequency

A-2211

Quota contributions to the Protection Fund for the deposit insurance account

Monthly

A-2212

Quota contributions to the Protection Fund for auxiliary supervision

Monthly

B-2221

Late quota contributions to the Protection Fund for the deposit insurance account

Monthly

B-2222

Late quota contributions to the Protection Fund for auxiliary supervision

Monthly

C-2231

Inspection visits

Monthly

D-2241

Registration notification requirements

Semi-annual

SERIES R01 FINANCIAL SITUATION OF THE PROTECTION FUND

This series is integrated by (1) report, in which the balances of all concepts that form part of both the Statement of Financial Position and the Statement of Comprehensive Income of the Protection Fund are requested.

The frequency of preparation and presentation of this report must be monthly.

REPORT

A-0111

Financial situation of the Protection Fund

In this report, the balances at the end of the period of the concepts that form part of the statement of financial position and the statement of comprehensive income of the fund are requested.

For the completion of report A-0111, the following aspects must be taken into consideration:

The report must present the balances of the institution without consolidation. The balances of all concepts presented in series R01 Financial Situation of the Protection Fund must match those reported in the rest of the regulatory reports.

Data referring to balances must be presented in national currency, foreign currency, and UDIS valued in pesos, with two decimal places and without commas. For example: $20,585.70 would be 20585.70.

For the concepts of report A-0111 denominated in national currency and UDIS valued in pesos, these concepts must match the sum of the concepts provided in the regulatory reports in national currency and UDIS valued in pesos.

CAPTURE FORMAT

The Protection Fund will carry out the sending of the information related to report

A-0111 Financial

Situation of the Protection Fund,

described above, by using the following capture format:

REQUESTED INFORMATION

SECTION REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

SECTION OF THE INFORMATION

FINANCIAL

CONCEPT

CURRENCY

DATA

The Protection Fund will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adjusting to the characteristics and specifications for filling out and sending information presented in the filling instructions, which are published and updated in the Interinstitutional Information Transfer System (SITI) or in that which, in its case, is made known by the Commission. Once the validations and quality standards are overcome, the SITI will generate an electronic receipt acknowledgment.

The information must be sent only once and will be received assuming it meets all characteristics and

specifications, by virtue of which it cannot be modified and must present consistency with the various reports in

which the same information is included with a different level of integration, therefore, if it does not meet the quality and

characteristics required or has been presented incompletely, it will be considered as not fulfilling the obligation of its

presentation and, consequently, the corresponding sanctions will be imposed in accordance with the

legal provisions that are applicable.

Series R01 Financial Situation of the Protection Fund

Report A-0111 Financial Situation of the Protection Fund

Includes figures in national currency and UDIS valued in pesos

Figures in pesos

Concept

National currency and

UDIS valued

ASSETS

Cash and cash equivalents

Cash

Banks

Investments in financial instruments

Negotiable financial instruments

Deposit insurance account

Governmental

SOCAP Contributions

Federal Government Contributions

Investment Companies

SOCAP Contributions

Federal Government Contributions

Other Investments not linked to the deposit insurance account

Financial instruments to collect or sell

Deposit insurance account

Governmental

SOCAP Contributions

Federal Government Contributions

Investment Companies

SOCAP Contributions

Federal Government Contributions

Other Investments not linked to the deposit insurance account

Financial instruments to collect principal and interest (securities)

Deposit insurance account

Governmental

SOCAP Contributions

Federal Government Contributions

Investment Companies

SOCAP Contributions

Federal Government Contributions

Other Investments not linked to the deposit insurance account

Estimate of expected credit losses for investments in financial instruments to collect principal and

interest (securities)

Deposit insurance account

Governmental

SOCAP Contributions

Federal Government Contributions

Investment Companies

SOCAP Contributions

Federal Government Contributions

Other Investments not linked to the deposit insurance account

Credit portfolio with credit risk stage 1

Preventive Liquidity Support

Financial Support

Credit portfolio with credit risk stage 2

Preventive Liquidity Support

Financial Support

Credit portfolio with credit risk stage 3

Preventive Liquidity Support

Financial Support

Preventive estimate for credit risks

Other receivables

SOCAP

Various debtors

Estimate of expected credit losses

Net properties, furniture and equipment

Other assets

LIABILITIES

Loans from the federal government and other organisms

Federal government

Others

Other liabilities

Accounting equity

Federal Government Contributions

SOCAP quotas for the deposit insurance account

Ordinary

Extraordinary

Increase by Returns

Accumulated remnants

Remnant of the exercise

Other comprehensive results

Statement of comprehensive income

Income from supervision quotas

Interest income

Cash and cash equivalents and Investments in financial instruments

Credit portfolio

Credit portfolio with credit risk stage 1

Preventive Liquidity Support

Financial Support

Credit portfolio with credit risk stage 2

Preventive Liquidity Support

Financial Support

Credit portfolio with credit risk stage 3

Preventive Liquidity Support

Financial Support

Interest expenses

Preventive estimate for credit risks

Donations

Operating expenses

Technical Committee

Salaries, Fees or Remuneration

Others

Auxiliary Supervision Committee

Salaries, Fees or Remuneration

Others

Cooperative Savings Protection Committee

Salaries, Fees or Remuneration

Others

Other net expenses and products

Penalty Interest

Commissions charged and paid net

Others

Net remnant

Other comprehensive results

Integral remnant

SERIES R03 INVESTMENTS IN FINANCIAL INSTRUMENTS

This series is integrated by one (1) report, whose frequency of preparation and presentation must be monthly.

REPORT

A-0311

Investments in financial instruments of the deposit insurance account

In this report, the account number or contract with the institution where the investment was made is requested,

the issuer's board key and series, number of titles, acquisition cost, purchase date and

maturity, type of investment, interest rate resulting from valuation at fair value per title and the

balance according to the corresponding bank statement.

For the completion of report A-0311, the following aspects must be taken into consideration: The data

provided in this report must match those registered in the concepts of report A-0111

Financial Situation

of the Protection Fund.

CAPTURE FORMAT

The Protection Fund will carry out the sending of the information related to report

A-0311 Investments in

financial instruments of the deposit insurance account, described above, by using the

following capture format:

REQUESTED INFORMATION

SECTION REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

SECTION INVESTMENT IDENTIFIER

KEY OF THE INSTITUTION WITH WHICH THE INVESTMENT WAS MADE

CONTRACT NUMBER

ACCOUNT NUMBER

ISSUER

SERIES

TYPE OF INVESTMENT

CONTRACT DATE

MATURITY DATE

SECTION FINANCIAL VARIABLES

OF THE TITLES

NUMBER OF TITLES

ACQUISITION COST

INTEREST RATE, COUPON OR PREMIUM

FAIR VALUE OR MARKET VALUE

RESULT FROM VALUATION AT FAIR VALUE PER TITLE

The information must be sent only once and will be received assuming it meets all characteristics and

specifications, by virtue of which it cannot be modified and must present consistency with the various reports in

which the same information is included with a different level of integration, therefore, if it does not meet the quality and

characteristics required or has been presented incompletely, it will be considered as not fulfilling the obligation of its

presentation and, consequently, the corresponding sanctions will be imposed in accordance with the

legal provisions that are applicable.

SERIES R04 SUPPORT FROM THE PROTECTION FUND

This series is integrated by one (1) report, whose frequency of preparation and presentation must be monthly.

REPORT

C-0441

Support from the Protection Fund

In this report, the financial characteristics of the support received by the Savings and Loan Cooperative

Societies from the Fund are requested, such as the number and amount of the credit, payment

modal, approved amount, interest rate, disbursement date and maturity, as well as the interests

ordinary and penalty.

For the completion of report C-0441, the following aspects must be taken into consideration: The data

provided in this report must match those registered in the concepts of report A-0111

Financial Situation

of the Protection Fund.

CAPTURE FORMAT

The Protection Fund will carry out the sending of the information related to report

C-0441 Support from the

Protection Fund, described above, by using the following capture format:

REQUESTED INFORMATION

SECTION REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

SECTION CHARACTERISTICS OF THE

SUPPORT FROM THE FUND

KEY OF THE SOCIETY

SOCAP REGISTRATION FOLIO

CREDIT NUMBER

TYPE OF SUPPORT

DATE OF APPROVAL BY THE COOPERATIVE SAVINGS PROTECTION COMMITTEE

DISBURSEMENT DATE

MATURITY DATE

PAYMENT MODALITY

APPROVED AMOUNT

INTEREST RATE

DAYS OF DELAY

Deterioration Stage

CAPITAL

ORDINARY INTERESTS

PENALTY INTERESTS

OUTSTANDING BALANCE OF THE CREDIT

TYPE OF GUARANTEE

VALUATION OF THE GUARANTEE

ESTIMATE FOR UNRECOVERABILITY

The information must be sent only once and will be received assuming it meets all characteristics and

specifications, by virtue of which it cannot be modified and must present consistency with the various reports in

which the same information is included with a different level of integration, therefore, if it does not meet the quality and

characteristics required or has been presented incompletely, it will be considered as not fulfilling the obligation of its

presentation and, consequently, the corresponding sanctions will be imposed in accordance with the

legal provisions that are applicable.

SERIES R21 BASIC CAPITALIZATION

This series is integrated by one (1) report, whose frequency of preparation and presentation must be semi-annual.

REPORT

A-2113

Classification of savings and loan cooperative societies with basic operations

level by capitalization category

In this report, the registration is requested to identify the level and category of capitalization of the

savings and loan cooperative societies.

CAPTURE FORMAT

The Protection Fund will carry out the sending of the information related to report

A-2113

Classification of

savings and loan cooperative societies with basic operations level by capitalization category,

described above, by using the following capture format:

REQUESTED INFORMATION

SECTION REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

CAPITALIZATION CATEGORY

SECTION CHARACTERISTICS OF THE

SUPPORT FROM THE FUND

NAME OF THE SOCAP

SOCAP NATIONAL REGISTRATION FOLIO

CAPITALIZATION LEVEL

CREDIT PORTFOLIO WITH CREDIT RISK STAGE 1

CREDIT PORTFOLIO WITH CREDIT RISK STAGE 2

CREDIT PORTFOLIO WITH CREDIT RISK STAGE 3

PREVENTIVE ESTIMATE FOR CREDIT RISKS

TOTAL NET CREDIT PORTFOLIO

CAPITALIZATION REQUIREMENT

ACCOUNTING CAPITAL

CERTIFICATES EXCESS OR VOLUNTARY THAT DO NOT MEET WITH

CHARACTERISTICS INDICATED IN ARTICLE 1 BIS 5 OF THE PRESENT

PROVISIONS

FINANCING FOR ACQUISITION OF SOCIAL SHARES

NET CAPITAL

The information must be sent only once and will be received assuming it meets all characteristics and

specifications, by virtue of which it cannot be modified and must present consistency with the various reports in

which the same information is included with a different level of integration, therefore, if it does not meet the quality and

characteristics required or has been presented incompletely, it will be considered as not fulfilling the obligation of its

presentation and, consequently, the corresponding sanctions will be imposed in accordance with the

legal provisions that are applicable.

SERIES R22 PROTECTION FUND INFORMATION

This series is integrated by six (6) reports, whose frequency of preparation and presentation must be monthly, except for

report D-2241 which is semi-annual.

REPORTS

A-2211

Quota contributions to the Protection Fund for the deposit insurance account

In this report, the data, capitalization level, payments and monthly and annual quotas, as well as

pending debts at month-end, among other variables, that the Savings and Loan Cooperative

Societies make to the Fund are requested.

A record must be sent for each payment date.

A-2212

Quota contributions to the Protection Fund for auxiliary supervision

In this report, data such as the category by asset amount, the annual quota for supervision

quotas, amortizations for supervision quotas and pending debts, among other variables, are requested.

A record must be sent for each payment date.

B-2221

Late quota contributions to the Protection Fund for the deposit insurance account

In this report, the data capitalization level, payments and monthly and annual

late quotas, among other variables, that the Savings and Loan Cooperative

Societies make to the

Fund are requested.

A record must be sent for each late payment date.

B-2222

Late quota contributions to the Protection Fund for auxiliary supervision

In this report, data such as the category by asset amount, the annual quota for supervision

quotas, amortizations for late supervision quotas, among other variables, are requested.

A record must be sent for each late payment date.

C-2231

Inspection visits

This report aims to collect information on the inspection visits carried out by the

Auxiliary Supervision Committee of the Protection Fund to the Savings and Loan Cooperative

Societies.

In this report, the folio of the national registration of the Savings and Loan Cooperative

Societies, the operations level, scheduled start date, actual date and conclusion date of the visit,

number of supervisors, type of visit and the date of delivery of the inspection visit report to the

Society are requested.

D-2241

Registration notification requirements

In this report, the social address, update of the data of the Registration of the Savings and Loan Cooperative

Societies and at least must contain the social denomination, R.F.C., street name, exterior and interior number,

neighborhood, delegation or municipality, postal code, federal entity, phone number, number of members, amounts of assets and liabilities are requested.

CAPTURE FORMAT

The Protection Fund will carry out the sending of the information related to report A-2211

Quota contributions

to the Protection Fund for the deposit insurance account, described above, by using the

following capture format:

REQUESTED INFORMATION

SECTION REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

SECTION QUOTA IDENTIFIER

TO THE FUND

KEY OF THE SOCAP

SOCAP REGISTRATION FOLIO

CAPITALIZATION LEVEL

CATEGORY BY ASSET AMOUNT

FACTOR

DEPOSITS SUBJECT TO PROTECTION

MONTH'S QUOTA

PAYMENTS RECEIVED IN THE MONTH

PAYMENTS RECEIVED IN THE MONTH FOR LATE QUOTAS

PENDING DEBTS MONTH-END

The Protection Fund will carry out the sending of the information related to report

A-2212 Quota contributions

to the Protection Fund for auxiliary supervision, described above, by using the

following capture format:

REQUESTED INFORMATION

SECTION REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

SECTION QUOTA IDENTIFIER

TO THE FUND AUXILIARY SUPERVISION

KEY OF THE SOCAP

SOCAP REGISTRATION FOLIO

CAPITALIZATION LEVEL

CATEGORY BY LIABILITY AMOUNT

ANNUAL QUOTA

AMORTIZATIONS OF ANNUAL QUOTA TO DATE

PAYMENTS RECEIVED IN THE MONTH

PAYMENTS RECEIVED IN THE MONTH FOR LATE QUOTAS

PENDING DEBTS MONTH-END

The Protection Fund will carry out the sending of the information related to report B-2221 Late contributions

to the Protection Fund for the deposit insurance account, described above,

by using the following capture format:

REQUESTED INFORMATION

SECTION REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

SECTION QUOTA IDENTIFIER

TO THE FUND

KEY OF THE SOCAP

SOCAP REGISTRATION FOLIO

PERIOD TO WHICH THE LATE QUOTA PAYMENT CORRESPONDS

LATE QUOTA PAYMENT DATE OF THE PERIOD BEING REPORTED

LATE QUOTA CORRESPONDING TO THE PERIOD FOR WHICH LATE QUOTA IS PAID

PAYMENT RECEIVED CORRESPONDING TO THE PERIOD FOR WHICH LATE QUOTA IS PAID

PENDING LATE QUOTAS AT MONTH-END OF THE PERIOD FOR WHICH

LATE QUOTA IS PAID

The Protection Fund will carry out the sending of the information related to report

B-2222 Late contributions

to the Protection Fund for auxiliary supervision, described above, by using the

following capture format:

REQUESTED INFORMATION

SECTION REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

SECTION QUOTA IDENTIFIER

TO THE FUND AUXILIARY SUPERVISION

KEY OF THE SOCAP

SOCAP REGISTRATION FOLIO

PERIOD TO WHICH THE LATE QUOTA PAYMENT CORRESPONDS

LATE QUOTA PAYMENT DATE OF THE PERIOD BEING REPORTED

LATE QUOTA CORRESPONDING TO THE PERIOD FOR WHICH LATE QUOTA IS PAID

PAYMENT RECEIVED CORRESPONDING TO THE PERIOD FOR WHICH LATE QUOTA IS PAID

PENDING LATE QUOTAS AT MONTH-END OF THE PERIOD FOR WHICH

LATE QUOTA IS PAID

The Protection Fund will carry out the sending of the information related to report C-2231 Inspection

visits, described above, by using the following capture format:

REQUESTED INFORMATION

SECTION REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

SECTION VISIT IDENTIFIER

KEY OF THE SOCAP

SOCAP NATIONAL REGISTRATION FOLIO

OPERATIONS LEVEL

SCHEDULED START DATE

ACTUAL START DATE

CONCLUSION DATE

NUMBER OF SUPERVISORS

TYPE OF VISIT

DATE OF DELIVERY OF THE REPORT TO THE VISITED SOCIETY

The Protection Fund will carry out the sending of the information related to report

D-2241 Registration notification requirements, described above, by using the following capture format:

REQUESTED INFORMATION

SECTION REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

SECTION CREDIT IDENTIFIER

REGISTRATION FOLIO

SOCIAL DENOMINATION

R.F.C.

NAME (Name, CURP, body to which it belongs, position and permanent or substitute are

fields that must be repeated for the Legal Representative, Director or General Manager,

Members of the Board of Directors (at least 5 members) and the Members of the

Board of Surveillance (at least 3 members, with the same number of substitutes)

CURP

BODY TO WHICH IT BELONGS

POSITION WITHIN THE SOCIETY, COUNCIL OR COMMITTEE

PERMANENT OR SUBSTITUTE

STREET NAME

EXTERIOR NUMBER

INTERIOR NUMBER

NEIGHBORHOOD

DELEGATION OR MUNICIPALITY

POSTAL CODE

FEDERAL ENTITY

TELEPHONE 1 (WITH LADA CODE)

TELEPHONE 2 (WITH LADA CODE)

E-MAIL

INTERNET PAGE

FEDERATION

SITUATION OF THE SOCIETY

NUMBER OF MEMBERS

AMOUNT OF ASSETS

AMOUNT OF LIABILITIES

ACCOUNTING CAPITAL

NICAP

PERCENTAGE OF EPRC

IMOR

The Protection Fund will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adjusting to the characteristics and specifications for filling out and sending information presented in the filling instructions, which are published and updated in the Interinstitutional Information Transfer System (SITI) or in the one that, in its case, the Commission makes known. Once the validations and quality standards are met, the SITI will generate an electronic receipt of acknowledgment.

The information must be sent only once and will be received assuming it meets all characteristics and specifications; therefore, it cannot be modified and must present consistency with the various reports in which the same information is included at a different level of integration. Consequently, if it does not meet the required quality and characteristics or has been presented incompletely, the obligation to present it will be considered unfulfilled, and the corresponding sanctions will be imposed in accordance with the applicable legal provisions.

Annex Ñ

Regulatory reports that Savings and Loan Cooperative Societies must present to the Commission and the Auxiliary Supervision Committee

Index

Series R01 Minimum Catalog Periodicity A-0111 Minimum Catalog Monthly

Series R03 Investments in Financial Instruments Periodicity I-0391 Disaggregated investments in financial instruments and repurchase agreements Monthly

Series R04 Credit Portfolio Periodicity Financial Situation A-0417 Credit portfolio rating and preventive estimation for credit risks Monthly A-0419 Movements in the preventive estimation for credit risks Monthly Detailed Information C-0451 Registration of commercial, consumer, and housing credits Monthly C-0452 Tracking of commercial, consumer, and housing credits Monthly C-0453 Cancellation of commercial, consumer, and housing credits Monthly C-0454 Reserves for consumer, housing, and microcredits Monthly C-0455 Reserves for commercial credits held by legal and natural persons with business activity Monthly

Series R08 Collection Periodicity D-0841 Disaggregated member deposits Quarterly D-0842 Disaggregated bank loans and loans from other organizations Monthly

Series R10 Reclassifications Periodicity A-1011 Reclassifications in the statement of financial position Monthly A-1012 Reclassifications in the statement of comprehensive income Monthly

Series R12 Consolidation Periodicity A-1219 Consolidation of the statement of financial position of the savings and loan cooperative society with its subsidiaries Monthly A-1220 Consolidation of the statement of comprehensive income of the savings and loan cooperative society with its subsidiaries Monthly

Series R13 Financial Statements Periodicity A-1311 Statement of changes in equity Quarterly A-1316 Statement of cash flows Quarterly B-1321 Statement of financial position Monthly B-1322 Statement of comprehensive income Monthly

Series R17 Personnel Appointments and Dismissals Periodicity A-1713 Personnel appointments and dismissals 15 business days after the event

Series R20 Indicators Periodicity A-2011 Disaggregated liquidity ratio Monthly

Series R21 Capitalization Periodicity A-2112 Disaggregated capital requirements by risk Monthly

Series R24 Operational Information Periodicity B-2422 Information on operational variables Quarterly D-2441 General information on the use and frequency of financial services Quarterly D-2443 Information on the location of financial services transaction points Quarterly

Series R26 Information by Commission Agents Periodicity A-2610 Registrations and cancellations of commission agent administrators Monthly A-2611 Disaggregated registrations and cancellations of commission agents Monthly B-2612 Disaggregated registrations and cancellations of commission agent modules or establishments Monthly C-2613 Disaggregated tracking of commission agent operations Monthly

SERIES R01 MINIMUM CATALOG

This series is integrated by one (1) report, whose frequency of preparation and presentation must be monthly.

REPORT

A-0111 Minimum Catalog

In this report, the balances at the end of the period for all concepts that form part of the statement of financial position (including off-balance sheet accounts) and the statement of comprehensive income of the entity are requested. The report is requested in a subtotal:

· National currency and UDIS valued in pesos.

For filling out report A-0111 Minimum Catalog, the following aspects must be considered:

a) In the report, the balances of the Savings and Loan Cooperative Society without consolidation must be presented. The balances of all concepts presented in Series R01 Minimum Catalog must be consistent with those reported in the applicable regulatory reports.

b) Data referring to balances must be presented in national currency and UDIS valued in pesos, with two decimal places and without commas. For example: $20,585.70 would be 20585.70.

CAPTURE FORMAT

Entities will carry out the sending of information related to report A-0111 Minimum Catalog described above, by using the following capture format:

INFORMATION REQUESTED

REPORT IDENTIFIER SECTION PERIOD ENTITY KEY REPORT FINANCIAL INFORMATION SECTION CONCEPT CURRENCY DATA

Entities will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adjusting to the characteristics and specifications for filling out and sending information, which are presented in the support guides, which are published and updated in the Interinstitutional Information Transfer System (SITI) or in the one that, in its case, the Commission makes known. Once the validations and quality standards are met, the SITI will generate an electronic receipt of acknowledgment.

Savings and Loan Cooperative Societies Series R01 Minimum Catalog Report A-0111 Minimum Catalog Includes figures in national currency and UDIS valued in pesos Figures in pesos

Concept Currency National currency and UDIS valued

ASSET Cash and cash equivalents Cash Banks Deposits in financial entities Currencies to be delivered Documents for immediate collection Highly liquid financial instruments Restricted or pledged cash and cash equivalents Currencies to be received Others Others

Investments in financial instruments Negotiable financial instruments Negotiable financial instruments without restriction Government debt Bank debt Other debt securities Restricted or pledged negotiable financial instruments Government debt Bank debt Other debt securities Financial instruments to collect and sell Financial instruments to collect and sell without restriction Government debt Bank debt Other debt securities Restricted or pledged financial instruments to collect and sell Government debt Bank debt Other debt securities Financial instruments to collect principal and interest (securities) Financial instruments to collect principal and interest without restriction Government debt Bank debt Other debt securities Restricted or pledged financial instruments to collect principal and interest Government debt Bank debt Other debt securities Expected credit loss estimation for investments in financial instruments to collect principal and interest (securities) Financial instruments to collect principal and interest without restriction Government debt Bank debt Other debt securities Restricted or pledged financial instruments to collect principal and interest Government debt Bank debt Other debt securities

Debtors for repurchase agreements Credit portfolio with credit risk stage 1 Commercial credits Commercial credits without restriction Business or commercial activity Unsecured operations Pledge operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Restricted commercial credits Business or commercial activity Unsecured operations Pledge operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer credits Consumer credits without restriction Credit card Personal Payroll Automotive Acquisition of movable property Financial leasing operations Other consumer credits Restricted consumer credits Credit card Personal Payroll Automotive Acquisition of movable property Financial leasing operations Other consumer credits Housing credits Housing credits without restriction Medium and residential Social interest Restricted housing credits Medium and residential Social interest

Credit portfolio with credit risk stage 2 Commercial credits Business or commercial activity Unsecured operations Pledge operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer credits Credit card Personal Payroll Automotive Acquisition of movable property Financial leasing operations Other consumer credits Housing credits Medium and residential Social interest

Credit portfolio with credit risk stage 3 Commercial credits Business or commercial activity Unsecured operations Pledge operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer credits Credit card Personal Payroll Automotive Acquisition of movable property Financial leasing operations Other consumer credits Housing credits Medium and residential Social interest

Credit portfolio valued at fair value Commercial credits Business or commercial activity Unsecured operations Pledge operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer credits Credit card Personal Payroll Automotive Acquisition of movable property Financial leasing operations Other consumer credits Housing credits Medium and residential Social interest

Preventive estimation for credit risks Preventive estimation for credit risks derived from rating Credit portfolio with credit risk stage 1 Commercial credits Commercial credits without restriction Business or commercial activity Unsecured operations Pledge operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Restricted commercial credits Business or commercial activity Unsecured operations Pledge operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer credits Consumer credits without restriction Credit card Personal Payroll Automotive Acquisition of movable property Financial leasing operations Other consumer credits Restricted consumer credits Credit card Personal Payroll Automotive Acquisition of movable property Financial leasing operations Other consumer credits Housing credits Housing credits without restriction Medium and residential Social interest Restricted housing credits Medium and residential Social interest

Contingent operations and guarantees Additional preventive estimation for credit risks For operational risks (credit information societies) For accrued interest on credits with credit risk stage 3 Ordered by the National Banking and Securities Commission Recognized by the National Banking and Securities Commission

Benefits to be received in securitization operations Benefits on the remainder in securitization operations Asset for administration of transferred financial assets Other receivables Debtors for settlement of operations Currency exchange Investments in financial instruments Repurchase agreements For issuance of securities Debtors for collateral granted in cash Operations with financial instruments Credit operations Others Various debtors Premiums, commissions to be received on active non-credit operations Items associated with credit operations Loans and other debts of personnel Rents to be received Overdue debts Other debtors Taxes to be recovered Dividends to be received from equity financial instruments Conditional receivables Other receivables Expected credit loss estimation Various debtors Conditional receivables Other receivables

Adjudicated assets Adjudicated movable property, financial instruments, and rights Restricted adjudicated movable property Adjudicated real estate Restricted adjudicated real estate Increase by updating adjudicated assets (1) Estimation of adjudicated assets Estimation for loss of value of adjudicated assets Increase by updating the estimation for loss of value of adjudicated assets (1)

Long-term assets held for sale or for distribution to members Subsidiaries Belonging to the financial sector Not belonging to the financial sector Associates Belonging to the financial sector Not belonging to the financial sector Joint ventures Belonging to the financial sector Not belonging to the financial sector Other permanent investments Belonging to the financial sector Not belonging to the financial sector Others Belonging to the financial sector Not belonging to the financial sector

Assets related to discontinued operations Prepayments and other assets Deferred charges Differential to amortize in credit portfolio acquisitions Transaction costs associated with granting credit Effect from renegotiation of credit portfolio Insurance to amortize Other deferred charges Prepayments Interest paid in advance Commissions paid in advance Advances or provisional payments of taxes Rents paid in advance Other prepayments Security deposits Employee benefits assets Plan assets to cover employee benefits Direct long-term benefits Post-employment benefits Pensions Seniority premium Other post-employment benefits Deferred employee participation in profits (in favor) Estimation for non-recoverable deferred PTU Other short and long-term assets

Properties, furniture, and equipment Properties, furniture, and equipment Land Buildings Buildings in progress Transport equipment Computer equipment Furniture Adaptations and improvements Other properties, furniture, and equipment Revaluation of properties, furniture, and equipment (1) Land Buildings Buildings in progress Transport equipment Computer equipment Furniture Adaptations and improvements Other revaluations of properties, furniture, and equipment Accumulated depreciation of properties, furniture, and equipment Accumulated depreciation of properties, furniture, and equipment Buildings Transport equipment Computer equipment Furniture Adaptations and improvements Other accumulated depreciations of properties, furniture, and equipment Revaluation of accumulated depreciation of properties, furniture, and equipment (1) Buildings Transport equipment Computer equipment Furniture Adaptations and improvements Other revaluations of accumulated depreciation of properties, furniture, and equipment

Assets by right of use of properties, furniture, and equipment Land Buildings Transport equipment Computer equipment Furniture Other properties, furniture, and equipment Depreciation of assets by right of use of properties, furniture, and equipment Land Buildings Transport equipment Computer equipment Furniture Other properties, furniture, and equipment

Permanent investments Subsidiaries Belonging to the financial sector Not belonging to the financial sector Associates Belonging to the financial sector Not belonging to the financial sector Joint ventures Belonging to the financial sector Not belonging to the financial sector Other permanent investments Belonging to the financial sector Not belonging to the financial sector

Intangible Assets Intangible assets Revaluation of intangible assets (1) Accumulated amortization of intangible assets Accumulated amortization of intangible assets Revaluation of accumulated amortization of intangible assets (1) Assets by right of use of intangible assets Amortization of assets by right of use of intangible assets Goodwill Goodwill From subsidiaries From associates From joint ventures Revaluation of goodwill (1) From subsidiaries From associates From joint ventures

LIABILITY Traditional Collection Demand deposits Checking accounts Without interest Unencumbered deposits Deposits securing granted credits With interest Unencumbered deposits Deposits securing granted credits Savings deposits Unencumbered deposits Deposits securing granted credits Time deposits Deposits withdrawable on predetermined days Unencumbered deposits Deposits securing granted credits Other time deposits Unencumbered deposits Deposits securing granted credits Inactive accounts

Bank loans and loans from other organizations Short-term Loans from multiple banking institutions Loans from development banking institutions Loans from public trusts Loans from savings and loan cooperative societies (liquidity) Loans from other organizations Loans from other financial entities Loans from federal or state government Long-term Loans from multiple banking institutions Loans from development banking institutions Loans from public trusts Loans from savings and loan cooperative societies (liquidity) Loans from other organizations Loans from other financial entities Loans from federal or state government

Collaterals sold or pledged Repurchase agreements Other collaterals sold or pledged Obligations in securitization operations Liability for administration of transferred financial assets Lease liability Other payables Creditors for settlement of operations Currency exchange Investments in financial instruments Repurchase agreements Creditors for collateral received in cash Operations with financial instruments Credit operations Security deposits for financial leasing operations Others

Social welfare fund Cooperative education fund Contributions to be paid Value added tax Other taxes and rights to be paid Taxes and social security contributions withheld for payment Various creditors and other payables Liabilities derived from service provision Acceptances on behalf of clients Payment orders Guarantees Custody or administration of assets Collection of social security contributions Other liabilities derived from service provision Commissions to be paid on active operations Capacity derived from financial factoring operations Creditors for acquisition of assets Excesses to be paid Creditors for maintenance service Provisions for various obligations Fees and rents Promotion and advertising expenses Contributions to the Auxiliary Supervision Fund for Savings and Loan Cooperative Societies and Protection of their Savers Technology expenses Other provisions Other various creditors Liabilities related to groups of assets held for sale Liabilities related to discontinued operations Financial instruments qualifying as liability Contributions for future capital increases pending formalization by their general assembly of members Others Obligations associated with the removal of components of properties, furniture, and equipment Employee benefits liability Short-term direct benefits Long-term direct benefits Post-employment benefits Pensions Seniority premium Other post-employment benefits Termination benefits Termination benefits for reasons other than restructuring

Termination benefits due to restructuring Employee profit sharing accrued Deferred employee profit sharing Deferred credits and advance collections Deferred credits Loan origination fees Annual and subsequent credit card fees Effect of credit portfolio renegotiation Financial income to accrue from financial leasing operations Financial income to accrue from factoring operations Income from reduced price purchase option in financial leasing operations Other income to be applied Surplus to amortize in credit portfolio acquisitions Other deferred credits Advance collections Interest collected in advance Commissions collected in advance Rents collected in advance Advance collections for goods promised for sale or with retention of title Other advance collections EQUITY Contributed capital Share capital Ordinary contribution certificates Surplus or voluntary certificates Non-withdrawable capital from government programs Other certificates Venture capital certificates Unpaid share capital Ordinary contribution certificates Surplus or voluntary certificates Venture capital certificates Increase due to update of paid share capital (1) Contributions for future capital increases formalized by their general assembly of partners Increase due to update of contributions for future capital increases formalized by their general assembly of partners (1) Effect of incorporation into the regime of savings and loan cooperative societies Increase due to update of the effect of incorporation into the regime of savings and loan cooperative societies (1) Earned capital Reserve fund Increase due to update of the reserve fund (1) Other capital reserves Increase due to update of other capital reserves (1) Accumulated results Results from previous periods Result to be applied Result from accounting changes and error corrections Increase due to update of results from previous periods (1) Other comprehensive income Valuation of negotiable financial instruments Valuation Effect of deferred taxes and PTU Estimate for non-recoverable deferred taxes and PTU Increase due to update of the valuation of negotiable financial instruments (1) Valuation of financial instruments for collection and sale Financial instruments (securities) Valuation Effect of deferred taxes and PTU Estimate for non-recoverable deferred taxes and PTU Credit portfolio valued at fair value Valuation Effect of deferred taxes and PTU Estimate for non-recoverable deferred taxes and PTU Increase due to update of the valuation of financial instruments for collection and sale (1) Income and expenses related to assets held for sale Result Effect of deferred taxes and PTU Estimate for non-recoverable deferred taxes and PTU Increase due to update of income and expenses related to assets held for sale (1) Remeasurement of defined employee benefits Actuarial results on obligations Valuation Effect of deferred taxes and PTU Estimate for non-recoverable deferred taxes and PTU Result on the return of plan assets Valuation Effect of deferred taxes and PTU Estimate for non-recoverable deferred taxes and PTU Increase due to update of the remeasurement of defined employee benefits (1) Accumulated conversion effect Valuation Effect of deferred taxes and PTU Estimate for non-recoverable deferred taxes and PTU Increase due to update of the accumulated conversion effect (1) Result from holding non-monetary assets By valuation of fixed assets By other non-monetary assets Increase due to update of the result from holding non-monetary assets (1) Participation in OCI of other entities Valuation Effect of deferred taxes and PTU Estimate for non-recoverable deferred taxes and PTU Increase due to update of participation in OCI of other entities (1) MEMORANDUM ACCOUNTS Guarantees granted Contingent assets and liabilities Credit commitments Assets under mandate Assets in custody or administration Assets in custody Movable assets Others Assets under administration Foreign currency trading on behalf of third parties Receipt of payment for services Financial factoring operations on behalf of third parties Collateral received by the entity Government debt Bank debt Other debt securities Equity financial instruments Others Collateral received and sold or pledged by the entity Government debt Bank debt Other debt securities Equity financial instruments Others Accrued interest not collected from credit portfolio with credit risk stage 3 Other registration accounts Interest income Interest from cash and cash equivalents Banks Highly liquid financial instruments Restricted or pledged cash and cash equivalents Interest and returns in favor from investments in financial instruments For negotiable financial instruments For financial instruments for collection and sale For financial instruments for collecting principal and interest (securities) Interest and returns in favor from repo operations Interest from credit portfolio with credit risk stage 1 Commercial loans Unrestricted commercial loans Business or commercial activity Unsecured operations Secured operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Restricted commercial loans Business or commercial activity Unsecured operations Secured operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Unrestricted consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Restricted consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Housing loans Unrestricted housing loans Mid-range and residential Social interest Restricted housing loans Mid-range and residential Social interest Interest from credit portfolio with credit risk stage 2 Commercial loans Business or commercial activity Unsecured operations Secured operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Housing loans Mid-range and residential Social interest Interest from credit portfolio with credit risk stage 3 Commercial loans Business or commercial activity Unsecured operations Secured operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Housing loans Mid-range and residential Social interest Income from credit portfolio valued at fair value Commercial loans Business or commercial activity Unsecured operations Secured operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Housing loans Mid-range and residential Social interest Loan origination fees Commercial loans Business or commercial activity Unsecured operations Secured operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Housing loans Mid-range and residential Social interest Effect of credit portfolio renegotiation Dividends from financial instruments that qualify as equity financial instruments Gain from valuation Gain on changes from valuation Valuation of indexed instruments Valuation of items in UDIS Increase due to update of interest income (1) Interest expenses Interest on demand deposits Interest on time deposits Interest on bank loans and from other organizations Interest, transaction costs, and discounts charged for the issuance of financial instruments that qualify as liabilities Premiums paid for early redemption of financial instruments that qualify as liabilities Effect of credit portfolio renegotiation Costs and expenses associated with loan origination Loss from valuation Loss on changes from valuation Valuation of indexed instruments Valuation of items in UDIS Interest charged associated with inactive deposit accounts Interest on lease liabilities Financial effect of provisions Increase due to update of interest expenses (1) Net monetary position result (financial margin) Monetary position result from positions generating financial margin (debit balance) Monetary position result from positions generating financial margin (credit balance) Increase due to update of the net monetary position result (financial margin) (1) Preventive estimate for credit risks Preventive estimate for credit risks derived from rating Credit portfolio with credit risk stage 1 Commercial loans Unrestricted commercial loans Business or commercial activity Unsecured operations Secured operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Restricted commercial loans Business or commercial activity Unsecured operations Secured operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Unrestricted consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Restricted consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Housing loans Unrestricted housing loans Mid-range and residential Social interest Restricted housing loans Mid-range and residential Social interest Credit portfolio with credit risk stage 2 Commercial loans Business or commercial activity Unsecured operations Secured operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Housing loans Mid-range and residential Social interest Credit portfolio with credit risk stage 3 Commercial loans Business or commercial activity Unsecured operations Secured operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Housing loans Mid-range and residential Social interest Contingent operations and guarantees Credit portfolio recovery Commercial loans Business or commercial activity Unsecured operations Secured operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Housing loans Mid-range and residential Social interest Additional preventive estimate for credit risks For operational risks (credit information societies) For accrued interest on loans with credit risk stage 3 Ordered by the National Banking and Securities Commission Recognized by the National Banking and Securities Commission Increase due to update of preventive estimate for credit risks (1) Commissions and fees collected Credit operations Commercial loans Unrestricted commercial loans Business or commercial activity Unsecured operations Secured operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Restricted commercial loans Business or commercial activity Unsecured operations Secured operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Unrestricted consumer loans Credit card First annual and subsequent Affiliated businesses Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Restricted consumer loans Credit card First annual and subsequent Affiliated businesses Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Housing loans Unrestricted housing loans Mid-range and residential Social interest Restricted housing loans Mid-range and residential Social interest Guarantees Acceptances on behalf of third parties Purchase and sale of financial instruments Account opening Account management Fund transfer Mandate operations Custody or administration of assets Safe deposit box rental Other commissions and fees collected Increase due to update of commissions and fees collected (1) Commissions and fees paid Correspondent Savings and Loan Cooperative Societies For services Commission agents Loans received Other commissions and fees paid Increase due to update of commissions and fees paid (1) Intermediation result Result from valuation of financial instruments at fair value Negotiable financial instruments Collateral sold Estimate of expected credit losses for investments in financial instruments Financial instruments for collection and sale Financial instruments for collecting principal and interest (securities) Result from foreign currency valuation Result from purchase and sale of financial instruments Negotiable financial instruments Financial instruments for collection and sale Financial instruments for collecting principal and interest (securities) Result from foreign currency purchase and sale Result from sale of collateral received Transaction costs For purchase and sale of negotiable financial instruments Other financial results Increase due to update of intermediation result (1) Other operating income (expenses) Costs and expenses incurred in credit portfolio recovery Recoveries Taxes Collection rights Excess in benefits to receive in securitization operations Other recoveries Income from credit portfolio acquisition Expenses from credit portfolio acquisition Gain from sale of credit portfolio Loss from sale of credit portfolio Income from purchase option in financial leasing operations Income from participation in the sale price of assets in financial leasing operations Impairments to the estimate of expected credit losses Write-offs Frauds Internal External Natural disasters and other events Customers, products, and business practices Business incidents and system failures Execution, delivery, and process management Other write-offs Donations Result from asset adjudication Result from sale of adjudicated assets Result from valuation of adjudicated assets Estimate for loss of value of adjudicated assets Loss in custody and administration of assets Loss in mandate operations Loss from impairment or effect of impairment reversal of other long-lived assets held for sale Interest on surplus or voluntary certificates Interest charged on financing for asset acquisition Result from sale of property, furniture, and equipment Cancellation of inactive deposit operations Cancellation of other liability accounts Interest in favor from loans to officers and employees Lease income Result from valuation of benefits to receive in securitization operations Result from valuation of the asset for administration of transferred financial assets Result from valuation of the liability for administration of transferred financial assets Result in benefits to receive in securitization operations Other items of operating income (expenses) Monetary position result originated by items not related to the financial margin (1) Result from valuation of items not related to the financial margin Increase due to update of other operating income (expenses) (1) Administration and promotion expenses Short-term direct benefits Employee profit sharing Employee profit sharing accrued Other short-term direct benefits Net cost of the period derived from long-term employee benefits Long-term direct benefits Deferred employee profit sharing Estimate for non-recoverable deferred PTU Post-employment benefits Pensions Seniority premium Other post-employment benefits Termination benefits Termination benefits for reasons other than restructuring Termination benefits due to restructuring Fees Rents Insurance and bonds Promotion and advertising expenses Contributions to the auxiliary supervision fund for savings and loan cooperative societies and for the protection of their savers Various taxes and duties Non-deductible expenses Technology expenses Depreciations Of the period For right-of-use assets of property, furniture, and equipment Amortizations Of the period For right-of-use assets of intangible assets Loss from impairment or effect of impairment reversal of real estate and other assets in use Other administration and promotion expenses Increase due to update of administration and promotion expenses (1) Participation in the net result of other entities Result of the period for unconsolidated subsidiaries, associates, and joint ventures In unconsolidated subsidiaries Belonging to the financial sector Not belonging to the financial sector In associates Belonging to the financial sector Not belonging to the financial sector In joint ventures Belonging to the financial sector Not belonging to the financial sector Dividends from permanent investments Valuation of permanent investments available for sale Adjustments associated with other permanent investments Impairment or effect of impairment reversal of permanent investments Increase due to update of participation in the net result of other entities (1) Discontinued operations Discontinued operations Increase due to update of discontinued operations (1) Other comprehensive income Valuation of negotiable financial instruments Effect of the period Valuation Effect of deferred taxes and PTU Estimate for non-recoverable deferred taxes and PTU Increase due to update of the valuation of negotiable financial instruments (1) Valuation of financial instruments for collection and sale Effect of the period Valuation Effect of deferred taxes and PTU Estimate for non-recoverable deferred taxes and PTU Increase due to update of the valuation of financial instruments for collection and sale (1) Income and expenses related to assets held for sale Effect of the period Result Effect of deferred taxes and PTU Estimate for non-recoverable deferred taxes and PTU Increase due to update of income and expenses related to assets held for sale (1) Remeasurement of defined employee benefits Effect of the period Valuation Effect of deferred taxes and PTU Estimate for non-recoverable deferred taxes and PTU Increase due to update of the remeasurement of defined employee benefits (1) Accumulated conversion effect Effect of the period Valuation Effect of deferred taxes and PTU Estimate for non-recoverable deferred taxes and PTU Increase due to update of the accumulated conversion effect (1) Result from holding non-monetary assets Effect of the period Valuation Effect of deferred taxes and PTU Estimate for non-recoverable deferred taxes and PTU Increase due to update of the result from holding non-monetary assets (1) Participation in OCI of other entities Effect of the period Valuation Effect of deferred taxes and PTU Estimate for non-recoverable deferred taxes and PTU Increase due to update of participation in OCI of other entities (1) Savings and Loan Cooperative Societies

(1) These concepts will be applicable under an inflationary economic environment based on the provisions of financial information standard B-10 "effects of inflation", issued by the Mexican Council for Financial Information Standards, A.C. (CINIF).

SERIES R03 INVESTMENTS IN FINANCIAL INSTRUMENTS

This series consists of one (1) report, which must be prepared and submitted monthly.

REPORT

I-0391

Disaggregated investments in financial instruments and repos

The purpose of this report is to collect disaggregated information regarding the securities and values held by the respective Savings and Loan Cooperative Society, considering the issuer, series, type of value, and specific characteristics of the instruments.

For filling out report I-0391 Disaggregated investments in financial instruments and repos, it is necessary to consider that the data provided here must match those recorded in the concepts of report A-0111 Minimum catalog.

CAPTURE FORMAT

Entities will submit the information related to this report by using the following capture format:

INFORMATION REQUESTED

REPORT IDENTIFIER SECTION

PERIOD

ENTITY KEY

REPORT

INVESTMENT IDENTIFIER SECTION

KEY OF THE ENTITY WITH WHICH THE INVESTMENT IS MADE

ISSUER

SERIES

TYPE OF VALUE

FORM OF ACQUISITION

TYPE OF INSTRUMENT

ACCOUNTING CLASSIFICATION

CONTRACT DATE

MATURITY DATE

FINANCIAL VARIABLES SECTION OF THE SECURITIES

NUMBER OF SECURITIES

ACQUISITION COST

RATE TYPE

REFERENCE INTEREST RATE

SPREAD OVER REFERENCE RATE

SPREAD OPERATION OVER REFERENCE RATE (ADDITIVE OR FACTOR)

INTEREST RATE, COUPON OR PREMIUM

RISK GROUP

DIRECT VALUATION TO VECTOR

VALUATION RESULT

Entities will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adjusting to the characteristics and specifications for filling out and sending information presented in the filling instructions, which are published and updated in the Interinstitutional Information Transfer System (SITI) or in any other system that the Commission may make known. Once the validations and quality standards have been met, SITI will generate an electronic acknowledgment of receipt.

The information must be sent once and will be received assuming that it meets all characteristics and specifications, by virtue of which it cannot be modified and must show consistency with the various reports in which the same information is included with a different level of integration. Therefore, if it does not meet the required quality and characteristics or has been submitted incompletely, the obligation of its submission will be considered unfulfilled and, consequently, the corresponding sanctions will be imposed in accordance with the applicable legal provisions.

SERIES R04 LOAN PORTFOLIO

Financial situation

This series consists of two (2) reports, which must be prepared and submitted monthly.

REPORTS

A-0417

Loan portfolio rating and preventive estimate for credit risks

This report requests the balances of the base rating portfolio and preventive estimates for credit risks disaggregated by type of credit and type of risk. These balances are requested in national currency and UDIS valued in pesos. A breakdown of additional preventive estimates for credit risks for national currency and UDIS valued in pesos is also included.

A-0419

Movements in the preventive estimate for credit risks

This report requests the breakdown of monthly movements in the preventive estimate for credit risks in national currency and UDIS valued in pesos. The report requests the entity's initial balance, which must match the final balance reported in the previous period, the month's charges, the month's credits, and the balance at the end of the month.

For filling out reports A-0417 Loan portfolio rating and preventive estimate for credit risks and A-0419 Movements in the preventive estimate for credit risks, it is necessary to consider the following:

Data referring to balances must be presented in national currency and UDIS valued in pesos, with two decimals and without commas. For example: $20,585.70 would be 20585.70.

CAPTURE FORMAT

Entities will submit the information related to report A-0417 Loan portfolio rating and preventive estimate for credit risks, described above, by using the following capture format:

INFORMATION REQUESTED

REPORT IDENTIFIER SECTION

PERIOD

ENTITY KEY

REPORT

FINANCIAL INFORMATION SECTION

CONCEPT

CURRENCY

BALANCE TYPE

DATA

Entities will submit the information related to report A-0419 Movements in the preventive estimate for credit risks, described above, by using the following capture format:

INFORMATION REQUESTED

REPORT IDENTIFIER SECTION

PERIOD

ENTITY KEY

REPORT

FINANCIAL INFORMATION SECTION

CONCEPT

CURRENCY

DATA

Entities will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adjusting to the characteristics and specifications for filling out and sending information presented in the support guides, which are published and updated in the Interinstitutional Information Transfer System (SITI) or in any other system that the Commission may make known. Once the validations and quality standards have been met, SITI will generate an electronic acknowledgment of receipt.

Savings and Loan Cooperative Societies

Series R04 Loan Portfolio

Report A-0417 Loan portfolio rating and preventive estimate for credit risks

Includes figures in national currency and UDIS valued in pesos

Figures in pesos

Concept	Base rating portfolio current month	Preventive estimate for credit risks
Total estimates (I+II+III+IV+V)
I. Base portfolio and estimates derived from the rating of credits with credit risk stage 1
Commercial credits
Business or commercial activity
Unsecured operations
Equal to 0
Greater than 0 and up to 7
Greater than 7 and up to 27
Greater than 27 and up to 38
Greater than 38
Pledge operations
Equal to 0
Greater than 0 and up to 7
Greater than 7 and up to 27
Greater than 27 and up to 38
Greater than 38
Factoring operations
Equal to 0
Greater than 0 and up to 7
Greater than 7 and up to 27
Greater than 27 and up to 38
Greater than 38
Financial leasing operations
Equal to 0
Greater than 0 and up to 7
Greater than 7 and up to 27
Greater than 27 and up to 38
Greater than 38
Microcredits
Weeks in arrears
0
1
2
3
4
Fortnights in arrears
0
1
2
Months in arrears
0
1
Others
Equal to 0
Greater than 0 and up to 7
Greater than 7 and up to 27
Greater than 27 and up to 38
Greater than 38
Liquidity loans to other savings and loan cooperative societies
Consumer credits
Credit card
0
1 to 7
8 to 30
Personal
0
1 to 7
8 to 30
Payroll
0
1 to 7
8 to 30
Automotive
0
1 to 7
8 to 30
Acquisition of movable goods
0
1 to 7
8 to 30
Financial leasing operations
0
1 to 7
8 to 30
Other consumer credits
0
1 to 7
8 to 30
Housing credits
Middle and residential
0
1 to 30
Social interest
0
1 to 30
II. Base portfolio and estimates derived from the rating of credits with credit risk stage 2
Commercial credits
Business or commercial activity
Unsecured operations
Equal to 0
Greater than 0 and up to 7
Greater than 7 and up to 27
Greater than 27 and up to 38
Greater than 38
Pledge operations
Equal to 0
Greater than 0 and up to 7
Greater than 7 and up to 27
Greater than 27 and up to 38
Greater than 38
Factoring operations
Equal to 0
Greater than 0 and up to 7
Greater than 7 and up to 27
Greater than 27 and up to 38
Greater than 38
Financial leasing operations
Equal to 0
Greater than 0 and up to 7
Greater than 7 and up to 27
Greater than 27 and up to 38
Greater than 38
Microcredits
Weeks in arrears
0
1
2
3
4
5
6
7
8
9
10
11
12
13
Fortnights in arrears
0
1
2
3
4
5
6
Months in arrears
0
1
2
3
Others
Equal to 0
Greater than 0 and up to 7
Greater than 7 and up to 27
Greater than 27 and up to 38
Greater than 38
Liquidity loans to other savings and loan cooperative societies
Consumer credits
Credit card
0
1 to 7
8 to 30
31 to 60
61 to 89
Personal
0
1 to 7
8 to 30
31 to 60
61 to 89
Payroll
0
1 to 7
8 to 30
31 to 60
61 to 89
Automotive
0
1 to 7
8 to 30
31 to 60
61 to 89
Acquisition of movable goods
0
1 to 7
8 to 30
31 to 60
61 to 89
Financial leasing operations
0
1 to 7
8 to 30
31 to 60
61 to 89
Other consumer credits
0
1 to 7
8 to 30
31 to 60
61 to 89
Housing credits
Middle and residential
0
1 to 30
31 to 60
61 to 89
Social interest
0
1 to 30
31 to 60
61 to 89
III. Base portfolio and estimates derived from the rating of credits with credit risk stage 3
Commercial credits
Business or commercial activity
Unsecured operations
Equal to 0
Greater than 0 and up to 7
Greater than 7 and up to 27
Greater than 27 and up to 38
Greater than 38
Pledge operations
Equal to 0
Greater than 0 and up to 7
Greater than 7 and up to 27
Greater than 27 and up to 38
Greater than 38
Factoring operations
Equal to 0
Greater than 0 and up to 7
Greater than 7 and up to 27
Greater than 27 and up to 38
Greater than 38
Financial leasing operations
Equal to 0
Greater than 0 and up to 7
Greater than 7 and up to 27
Greater than 27 and up to 38
Greater than 38
Microcredits
Weeks in arrears
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20 or more
Fortnights in arrears
0
1
2
3
4
5
6
7
8
9
10 or more
Months in arrears
0
1
2
3
4
5 or more
Others
Equal to 0
Greater than 0 and up to 7
Greater than 7 and up to 27
Greater than 27 and up to 38
Greater than 38
Liquidity loans to other savings and loan cooperative societies
Consumer credits
Credit card
0
1 to 7
8 to 30
31 to 60
61 to 89
90 to 120
121 to 180
181 or more
Personal
0
1 to 7
8 to 30
31 to 60
61 to 89
90 to 120
121 to 180
181 or more
Payroll
0
1 to 7
8 to 30
31 to 60
61 to 89
90 to 120
121 to 180
181 or more
Automotive
0
1 to 7
8 to 30
31 to 60
61 to 89
90 to 120
121 to 180
181 or more
Acquisition of movable goods
0
1 to 7
8 to 30
31 to 60
61 to 89
90 to 120
121 to 180
181 or more
Financial leasing operations
0
1 to 7
8 to 30
31 to 60
61 to 89
90 to 120
121 to 180
181 or more
Other consumer credits
0
1 to 7
8 to 30
31 to 60
61 to 89
90 to 120
121 to 180
181 or more
Housing credits
Middle and residential
0
1 to 30
31 to 60
61 to 89
90 to 120
121 to 150
151 to 180
181 to 1460
More than 1460
Social interest
0
1 to 30
31 to 60
61 to 89
90 to 120
121 to 150
151 to 180
181 to 1460
More than 1460
IV. Off-balance sheet operations
Guarantees granted
Credit commitments
V. Additional preventive estimate for credit risks
For operational risks (credit information societies)
For accrued interest on credits with credit risk stage 3
Ordered by the National Banking and Securities Commission
Recognized by the National Banking and Securities Commission

Savings and Loan Cooperative Societies

Shaded cells represent invalidated cells for which the requested information does not apply.

Savings and Loan Cooperative Societies

Series R04 Loan Portfolio

Report A-0419 Movements in the preventive estimate for credit risks

Includes figures in national currency and UDIS valued in pesos

Figures in pesos

Concept	National currency and UDIS valued (1) (3)
Initial balance of the month
CHARGES
Write-offs
Commercial credits
Business or commercial activity
Unsecured operations
Pledge operations
Factoring operations
Financial leasing operations
Microcredits
Others
Liquidity loans to other savings and loan cooperative societies
Consumer credits
Credit card
Personal
Payroll
Automotive
Acquisition of movable goods
Financial leasing operations
Other consumer credits
Housing credits
Middle and residential
Social interest
Eliminations
Commercial credits
Business or commercial activity
Unsecured operations
Pledge operations
Factoring operations
Financial leasing operations
Microcredits
Others
Liquidity loans to other savings and loan cooperative societies
Consumer credits
Credit card
Personal
Payroll
Automotive
Acquisition of movable goods
Financial leasing operations
Other consumer credits
Housing credits
Middle and residential
Social interest
Waivers, condonations, bonuses and discounts on the portfolio
Commercial credits
Business or commercial activity
Unsecured operations
Pledge operations
Factoring operations
Financial leasing operations
Microcredits
Others
Liquidity loans to other savings and loan cooperative societies
Consumer credits
Credit card
Personal
Payroll
Automotive
Acquisition of movable goods
Financial leasing operations
Other consumer credits
Housing credits
Middle and residential
Social interest
Cancellation of excesses in the preventive estimate for credit risks
Commercial credits
Business or commercial activity
Unsecured operations
Pledge operations
Factoring operations
Financial leasing operations
Microcredits
Others
Liquidity loans to other savings and loan cooperative societies
Consumer credits
Credit card
Personal
Payroll
Automotive
Acquisition of movable goods
Financial leasing operations
Other consumer credits
Housing credits
Middle and residential
Social interest
Cancellation of preventive estimates for credit risks derived from the rating
Commercial credits
Business or commercial activity
Unsecured operations
Pledge operations
Factoring operations
Financial leasing operations
Microcredits
Others
Liquidity loans to other savings and loan cooperative societies
Consumer credits
Credit card
Personal
Payroll
Automotive
Acquisition of movable goods
Financial leasing operations
Other consumer credits
Housing credits
Middle and residential
Social interest
Sale of loan portfolio
Commercial credits
Business or commercial activity
Unsecured operations
Pledge operations
Factoring operations
Financial leasing operations
Microcredits
Others
Liquidity loans to other savings and loan cooperative societies
Consumer credits
Credit card
Personal
Payroll
Automotive
Acquisition of movable goods
Financial leasing operations
Other consumer credits
Housing credits
Middle and residential
Social interest
Cancellation of preventive estimates for portfolio collection, award or receipt of assets as payment in kind
Commercial credits
Business or commercial activity
Unsecured operations
Pledge operations
Factoring operations
Financial leasing operations
Microcredits
Others
Liquidity loans to other savings and loan cooperative societies
Consumer credits
Credit card
Personal
Payroll
Automotive
Acquisition of movable goods
Financial leasing operations
Other consumer credits
Housing credits
Middle and residential
Social interest
Effect of valuation of estimates in UDIS due to exchange rate slippage (2)
Commercial credits
Business or commercial activity
Unsecured operations
Pledge operations
Factoring operations
Financial leasing operations
Microcredits
Others
Liquidity loans to other savings and loan cooperative societies
Consumer credits
Credit card
Personal
Payroll
Automotive
Acquisition of movable goods
Financial leasing operations
Other consumer credits
Housing credits
Middle and residential
Social interest
Cancellation of additional preventive estimates for credit risks
Other charges
CREDITS
Creation of preventive estimates for credit risks derived from the rating
Commercial credits
Business or commercial activity
Unsecured operations
Pledge operations
Factoring operations
Financial leasing operations
Microcredits
Others
Liquidity loans to other savings and loan cooperative societies
Consumer credits
Credit card
Personal
Payroll
Automotive
Acquisition of movable goods
Financial leasing operations
Other consumer credits
Housing credits
Middle and residential
Social interest
Loan portfolio recoveries
Commercial credits
Business or commercial activity
Unsecured operations
Pledge operations
Factoring operations
Financial leasing operations
Microcredits
Others
Liquidity loans to other savings and loan cooperative societies
Consumer credits
Credit card
Personal
Payroll
Automotive
Acquisition of movable goods
Financial leasing operations
Other consumer credits
Housing credits
Middle and residential
Social interest
Estimates derived from acquisitions
Commercial credits
Business or commercial activity
Unsecured operations
Pledge operations
Factoring operations
Financial leasing operations
Microcredits
Others
Liquidity loans to other savings and loan cooperative societies
Consumer credits
Credit card
Personal
Payroll
Automotive
Acquisition of movable goods
Financial leasing operations
Other consumer credits
Housing credits
Middle and residential
Social interest
Effect of valuation of estimates in UDIS due to exchange rate slippage (2)
Commercial credits
Business or commercial activity
Unsecured operations
Pledge operations
Factoring operations
Financial leasing operations
Microcredits
Others
Liquidity loans to other savings and loan cooperative societies
Consumer credits
Credit card
Personal
Payroll
Automotive
Acquisition of movable goods
Financial leasing operations
Other consumer credits
Housing credits
Middle and residential
Social interest
Creation of additional preventive estimates for credit risks
Other credits
Final balance of the month

Savings and Loan Cooperative Societies

(1) Movements in provisions denominated in UDIS must be valued in pesos, on the date such movement occurred.

(2) Variations in the value of the UDI announced by the Bank of Mexico, between the date of the registered movement and the end of the month, must be presented in the valuation effect lines.

(3) Reported balances must respect the accounting nature of the estimates.

SERIES R04 LOAN PORTFOLIO

Detailed information

This series consists of five (5) reports, which must be prepared and submitted monthly.

REPORTS

C-0451

Registration of commercial, consumer, and housing credits

This report collects the necessary information to understand the general conditions of each credit granted, disbursed or not, and is characterized by reflecting the financial parameters of the credit that remain unchanged throughout its life. Likewise, it reflects changes made to credits granted, disbursed or not, which are permitted in accordance with the provisions of Criterion B-4 Loan Portfolio of Annex E of the General Provisions applicable to the activities of savings and loan cooperative societies.

C-0452

Monitoring of commercial, consumer, and housing credits

This report collects information on the payment behavior of disbursed credits, registered in report C-0451, as well as the fulfillment of the obligations that the borrower assumed with the entity.

C-0453

Deregistration of commercial, consumer, and housing credits

This report collects information corresponding to liquidated credits, as well as those that have undergone modifications to their original conditions, in accordance with the provisions of Criterion B-4 Loan Portfolio of Annex E of the General Provisions applicable to the activities of savings and loan cooperative societies, which were registered in report C-0451.

C-0454

Reserves for consumer, housing, and microcredits

This report collects information on the calculation of reserves to be constituted in the reported period, for those credits that are rated according to the criteria established in Annex C of the General Provisions applicable to the activities of savings and loan cooperative societies, which were registered in report C-0451.

C-0455

Reserves for commercial credits to legal entities and individuals with business activity

This report collects information on the calculation of reserves to be constituted in the reported period, in accordance with the general standard methodology for each of the disbursed credits to legal entities and individuals with business activity of the General Provisions applicable to the activities of savings and loan cooperative societies, which were registered in report C-0451.

CAPTURE FORMAT

Entities will submit the information related to report C-0451 Registration of commercial, consumer, and housing credits, described above, by using the following capture format:

INFORMATION REQUESTED

REPORT IDENTIFIER SECTION

PERIOD

ENTITY KEY

REPORT

BORROWER IDENTIFIER SECTION

BORROWER IDENTIFIER ASSIGNED BY THE ENTITY

PARTNER TYPE

FULL NAME OR LEGAL NAME OF THE BORROWER

BORROWER'S RFC

CURP OF THE BORROWER

SEX OF THE BORROWER

LEGAL STATUS OF THE BORROWER

LOCALITY OF THE BORROWER'S ADDRESS

MUNICIPALITY OF THE BORROWER'S ADDRESS

STATE OF THE BORROWER'S ADDRESS

ECONOMIC ACTIVITY OF THE BORROWER

COMMON RISK GROUP

TYPE OF RELATED BORROWER

NUMBER OF INQUIRIES MADE TO THE CREDIT INFORMATION SOCIETY

SECTION CREDIT IDENTIFIER

CREDIT CONTRACT NUMBER

CREDIT IDENTIFIER ASSIGNED BY THE ENTITY

CREDIT IDENTIFIER ASSIGNED BY CNBV METHODOLOGY

TYPE OF ANNEX FOR PORTFOLIO RATING

DESTINATION OF THE CREDIT

PRODUCT TYPE

BRANCH KEY OPERATING THE CREDIT

PAYMENT MODALITY

AMOUNT OF THE AUTHORIZED CREDIT LINE

DATE OF GRANTING THE CREDIT LINE

MATURITY DATE OF THE CREDIT LINE

MAXIMUM DATE TO DISBURSE FUNDS

FORM OF DISBURSEMENT

REVOCABLE OR IRREVOCABLE CREDIT LINE

TYPE OF CREDIT REGISTRATION

SECTION FINANCIAL CONDITIONS

TYPE OF REFERENCE INTEREST RATE OF THE CREDIT LINE

DIFFERENTIAL ON REFERENCE RATE OF THE CREDIT LINE

OPERATION OF DIFFERENTIAL ON REFERENCE RATE (ADDITIVE OR FACTOR) OF THE CREDIT LINE

FREQUENCY OF REVIEW OF THE CREDIT LINE RATE

PERIODICITY OF PRINCIPAL PAYMENTS

PERIODICITY OF INTEREST PAYMENTS

CREDIT OPENING COMMISSION (RATE)

CREDIT OPENING COMMISSION (AMOUNT)

COMMISSION FOR CREDIT DISBURSEMENT (RATE)

COMMISSION FOR CREDIT DISBURSEMENT (AMOUNT)

SECTION HOUSING DATA

VALUE OF THE HOUSING AT THE TIME OF ORIGINATION

APPRAISAL NUMBER

RATIO CREDIT AMOUNT TO HOUSING VALUE

SECTION GEOGRAPHIC LOCATION AND ECONOMIC ACTIVITY TO WHICH THE CREDIT WILL BE DESTINED

LOCALITY WHERE THE CREDIT WILL BE DESTINED

MUNICIPALITY WHERE THE CREDIT WILL BE DESTINED

STATE WHERE THE CREDIT WILL BE DESTINED

ECONOMIC ACTIVITY TO WHICH THE CREDIT WILL BE DESTINED

Entities shall carry out the submission of information related to the C-0452 report on Tracking of commercial, consumer, and housing credits, described above, by using the following capture format:

REQUESTED INFORMATION

SECTION REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

SECTION CREDIT IDENTIFIER

CREDIT IDENTIFIER ASSIGNED BY CNBV METHODOLOGY

ACCOUNTING CLASSIFICATION (R01 A-0111)

SECTION DISBURSEMENT DATA

DISBURSEMENT NUMBER

DATE OF CREDIT DISBURSEMENT

MATURITY DATE OF CREDIT DISBURSEMENT

TYPE OF REFERENCE INTEREST RATE OF THE DISBURSEMENT

DIFFERENTIAL ON REFERENCE RATE OF THE DISBURSEMENT

OPERATION OF DIFFERENTIAL ON REFERENCE RATE (ADDITIVE OR FACTOR) OF THE DISBURSEMENT

FREQUENCY OF REVIEW OF THE DISBURSEMENT RATE

SECTION CREDIT TRACKING

NAME OF THE FACTORING COMPANY

RFC OF THE FACTORING COMPANY

CREDIT RISK STAGE

NUMBER OF DAYS IN ARREARS OR DEFAULT

PRINCIPAL BALANCE AT THE START OF THE PERIOD

ANNUAL ORDINARY INTEREST RATE IN THE PERIOD

ANNUAL PENALTY INTEREST RATE IN THE PERIOD

AMOUNT DISBURSED OF THE CREDIT LINE IN THE PERIOD

AVAILABLE CREDIT OF THE CREDIT LINE

AMOUNT OF PAYMENT DUE TO THE BORROWER FOR ORDINARY INTERESTS IN THE PERIOD

AMOUNT OF PAYMENT DUE TO THE BORROWER FOR PENALTY INTERESTS IN THE PERIOD

AMOUNT OF PAYMENT DUE TO THE BORROWER FOR PRINCIPAL IN THE PERIOD

AMOUNT OF TOTAL PAYMENT DUE TO THE BORROWER IN THE PERIOD

AMOUNT OF PRINCIPAL EFFECTIVELY PAID BY THE BORROWER IN THE PERIOD

AMOUNT OF ORDINARY INTERESTS EFFECTIVELY PAID BY THE BORROWER IN THE PERIOD

AMOUNT OF PENALTY INTERESTS EFFECTIVELY PAID BY THE BORROWER IN THE PERIOD

AMOUNT OF COMMISSIONS EFFECTIVELY PAID BY THE BORROWER IN THE PERIOD

OTHER AMOUNTS EFFECTIVELY PAID BY THE BORROWER IN THE PERIOD

TOTAL AMOUNT EFFECTIVELY PAID BY THE BORROWER IN THE PERIOD

AMOUNT RECOGNIZED FOR WRITE-OFFS IN THE PERIOD

AMOUNT RECOGNIZED FOR ELIMINATIONS IN THE PERIOD

AMOUNT RECOGNIZED FOR FORFEITURES, CONDONATIONS, BONUSES, AND DISCOUNTS IN THE PERIOD

REASON FOR THE FORGIVEN AMOUNT OF THE CREDIT PAYMENT

AMOUNT OF ACCRUED UNCOLLECTED INTERESTS AT THE TIME OF TRANSFER TO PORTFOLIO IN STAGE 3

AMOUNT OF REFINANCED OR CAPITALIZED INTERESTS IN THE PERIOD

AMOUNT OF INTERESTS FROM REVERSALS OF COLLECTIONS IN THE PERIOD

AMOUNT OF OTHER INCREASES OR DECREASES OF THE PRINCIPAL IN THE PERIOD

PRINCIPAL BALANCE AT THE END OF THE PERIOD

BASE BALANCE FOR INTEREST CALCULATION IN THE PERIOD

NUMBER OF DAYS USED FOR INTEREST CALCULATION IN THE PERIOD

INTERESTS RESULTING FROM APPLYING THE RATE TO THE BASE BALANCE

OUTSTANDING BALANCE AT THE END OF THE PERIOD

TYPE OF CREDIT RECOVERY

DATE OF THE LAST FULL PAYMENT DUE MADE BY THE BORROWER

AMOUNT OF THE LAST FULL PAYMENT DUE MADE BY THE BORROWER

DATE OF FIRST UNCOVERED AMORTIZATION

AMOUNT OF ACCRUED UNCOLLECTED INTERESTS ACCUMULATED IN OFF-BALANCE SHEET ACCOUNTS

SECTION BORROWER SIZE

BORROWER SIZE

NUMBER OF EMPLOYEES

NET SALES OR NET ANNUAL INCOME

Entities shall carry out the submission of information related to the C-0453 report on Write-off of commercial, consumer, and housing credits, described above, by using the following capture format:

REQUESTED INFORMATION

SECTION REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

SECTION CREDIT IDENTIFIER

CREDIT IDENTIFIER ASSIGNED BY CNBV METHODOLOGY

SECTION CREDIT WRITE-OFF

TYPE OF CREDIT WRITE-OFF

OTHER TYPE OF CREDIT WRITE-OFF

OUTSTANDING BALANCE OF THE CREDIT AT THE TIME OF WRITE-OFF

TOTAL AMOUNT EFFECTIVELY PAID BY THE BORROWER AT THE TIME OF WRITE-OFF

AMOUNT RECOGNIZED FOR FORFEITURES, CONDONATIONS, BONUSES, AND DISCOUNTS IN THE PERIOD

AMOUNT OF THE VALUE OF THE ASSET RECEIVED AS PAYMENT IN KIND

PREVENTIVE ESTIMATES DERIVED FROM CANCELLATION QUALIFICATION IN THE PERIOD

ADDITIONAL PREVENTIVE ESTIMATES CANCELLED IN THE PERIOD

SECTION WRITT-OFF OR ELIMINATED CREDITS

TYPE OF COLLECTION

AMOUNT RECOGNIZED FOR WRITE-OFFS IN THE PERIOD

AMOUNT RECOGNIZED FOR ELIMINATIONS IN THE PERIOD

DATE OF LAST PRINCIPAL PAYMENT

AMOUNT OF LAST PRINCIPAL PAYMENT

DATE OF LAST INTEREST PAYMENT

AMOUNT OF LAST INTEREST PAYMENT

AMOUNT OF ORDINARY INTERESTS PENDING COLLECTION

Entities shall carry out the submission of information related to the C-0454 report on Reserves of consumer, housing, and microcredit loans, described above, by using the following capture format:

REQUESTED INFORMATION

SECTION REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

SECTION CREDIT IDENTIFIER

CREDIT IDENTIFIER ASSIGNED BY CNBV METHODOLOGY

DISBURSEMENT NUMBER

ACCOUNTING CLASSIFICATION (R04 A- 0417)

SECTION RESERVES

CREDIT RISK STAGE

PREVENTION KEY

PERCENTAGE OF PREVENTIVE ESTIMATES TO APPLY FOR COVERED AMOUNT

AMOUNT OF COVERED CREDIT

AMOUNT OF PREVENTIVE ESTIMATES COVERED PART

PERCENTAGE OF PREVENTIVE ESTIMATES TO APPLY FOR EXPOSED AMOUNT

AMOUNT OF EXPOSED CREDIT

AMOUNT OF PREVENTIVE ESTIMATES EXPOSED PART

AMOUNT OF TOTAL PREVENTIVE ESTIMATES

SECTION ADDITIONAL RESERVES

AMOUNT OF ADDITIONAL PREVENTIVE ESTIMATES FOR OPERATIONAL RISKS (SIC)

AMOUNT OF ADDITIONAL PREVENTIVE ESTIMATES ORDERED BY THE CNBV

AMOUNT OF ADDITIONAL ESTIMATES FOR ACCRUED INTERESTS ON CREDITS WITH CREDIT RISK STAGE 3

AMOUNT OF TOTAL ADDITIONAL PREVENTIVE ESTIMATES

ADDITIONAL RESERVES CONSTITUTED IN THE PERIOD

ADDITIONAL RESERVES DISCONTINUED IN THE PERIOD

SECTION IDENTIFIER OF GUARANTEES AND COLLATERAL

TYPE OF GUARANTEE

AMOUNT OF THE GUARANTEE

UPDATED VALUE OF THE REAL ESTATE ACCORDING TO APPRAISAL

PERCENTAGE THAT THE GUARANTEE REPRESENTS OF THE OUTSTANDING BALANCE

Entities shall carry out the submission of information related to the C-0455 report on Reserves of commercial credits held by legal and natural persons with business activity, described above, by using the following capture format:

REQUESTED INFORMATION

SECTION REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

SECTION BORROWER IDENTIFIER

BORROWER IDENTIFIER ASSIGNED BY THE ENTITY

SECTION CREDIT IDENTIFIER

CREDIT IDENTIFIER ASSIGNED BY CNBV METHODOLOGY

DISBURSEMENT NUMBER

ACCOUNTING CLASSIFICATION (R04 A- 0417)

SECTION RESERVES

CREDIT RISK STAGE

COVERED PART RESERVES

EXPOSED PART RESERVES

TOTAL RESERVES

TOTAL EXPOSURE TO DEFAULT

COVERED PART EXPOSURE TO DEFAULT

EXPOSED PART EXPOSURE TO DEFAULT

SECTION ADDITIONAL RESERVES

AMOUNT OF ADDITIONAL PREVENTIVE ESTIMATES FOR OPERATIONAL RISKS (SIC)

AMOUNT OF ADDITIONAL PREVENTIVE ESTIMATES ORDERED BY THE CNBV

AMOUNT OF ADDITIONAL ESTIMATES FOR ACCRUED INTERESTS ON CREDITS WITH CREDIT RISK STAGE 3

AMOUNT OF TOTAL ADDITIONAL PREVENTIVE ESTIMATES

ADDITIONAL RESERVES CONSTITUTED IN THE PERIOD

ADDITIONAL RESERVES DISCONTINUED IN THE PERIOD

SECTION LOSS SEVERITY

TOTAL LOSS SEVERITY

COVERED PART LOSS SEVERITY

EXPOSED PART LOSS SEVERITY

PERCENTAGE OF UNCOVERED PART OF THE CREDIT

NUMBER OF MONTHS SINCE PI=100 WAS ASSIGNED

AMOUNT OF EXPOSURE TO DEFAULT UNCOVERED PART

PERCENTAGE OF COVERAGE OF THE GUARANTEE CONSTITUTED WITH IMMEDIATE LIQUIDITY PAYMENT MEANS

ADJUSTMENT FACTOR (Hfx)

ADJUSTMENT FACTOR (HC)

BOOK VALUE OF THE GUARANTEE CONSTITUTED WITH IMMEDIATE LIQUIDITY PAYMENT MEANS

LOSS SEVERITY ADJUSTED BY GUARANTEES CONSTITUTED WITH IMMEDIATE LIQUIDITY PAYMENT MEANS

EXPOSURE TO DEFAULT ADJUSTED BY GUARANTEES CONSTITUTED WITH IMMEDIATE LIQUIDITY PAYMENT MEANS

PERCENTAGE OF COVERAGE OF NON-FINANCIAL GUARANTEE

VALUE OF GUARANTEE WITH COLLECTION RIGHTS

VALUE OF GUARANTEE WITH REAL ESTATE

VALUE OF GUARANTEE WITH MOVABLE PROPERTY

VALUE OF GUARANTEE WITH TRUSTS FOR GUARANTEE AND ADMINISTRATION WITH OWN INCOME AS PAYMENT SOURCE

VALUE OF GUARANTEE WITH OTHER NON-FINANCIAL GUARANTEES

LOSS SEVERITY ADJUSTED BY NON-FINANCIAL GUARANTEES

PERCENTAGE COVERED BY CREDIT INSURANCE

PERCENTAGE COVERED BY JOINTLY LIABLE PARTY, GUARANTOR, OR GUARANTEE

NAME OF JOINTLY LIABLE PARTY, GUARANTOR, OR GUARANTEE

RFC OF JOINTLY LIABLE PARTY, GUARANTOR, OR GUARANTEE

TYPE OF JOINTLY LIABLE PARTY, GUARANTOR, OR GUARANTEE

AMOUNT COVERED BY GUARANTEES PROVIDED BY JOINTLY LIABLE PARTY, GUARANTOR, GUARANTEE, AND CREDIT INSURANCE

NAME OF GUARANTOR STEP AND MEASURE COVERAGE SCHEME

NAME OF GUARANTOR FIRST LOSSES

RFC OF GUARANTOR STEP AND MEASURE COVERAGE SCHEME

RFC OF GUARANTOR FIRST LOSSES

PERCENTAGE COVERED BY STEP AND MEASURE SCHEMES

PERCENTAGE COVERED BY FIRST LOSSES SCHEMES

AMOUNT COVERED BY STEP AND MEASURE SCHEMES

AMOUNT COVERED BY FIRST LOSSES SCHEMES

PORTFOLIO IDENTIFIER BY STEP AND MEASURE SCHEMES

PORTFOLIO IDENTIFIER BY FIRST LOSSES SCHEMES

SECTION PROBABILITY OF DEFAULT

TOTAL PROBABILITY OF DEFAULT

CREDIT THAT APPLIED THE SUBSTITUTION OF PROBABILITY OF DEFAULT FOR RESERVE CALCULATION (GUARANTOR)

MAXIMUM NUMBER OF DELAYS PRESENTED IN THE LAST 4 MONTHS

AVERAGE DAYS OF DELINQUENCY

Entities will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adjusting to the characteristics and specifications for filling out and sending information presented in the filling instructions, which are published and updated in the Interinstitutional Information Transfer System (SITI) or in that which, in its case, the Commission makes known. Once the validations and quality standards are surpassed, the SITI will generate an electronic receipt.

The information must be sent only once and will be received assuming it meets all characteristics and specifications, by virtue of which it cannot be modified and must present consistency with the various reports in which the same information is included with a different level of integration, therefore, if it does not meet the required quality and characteristics or has been presented incompletely, the obligation of its presentation will be considered unfulfilled, and consequently, the corresponding sanctions will be imposed in accordance with the applicable legal provisions.

SERIES R08 DEPOSIT TAKING

This series is integrated by two (2) reports, whose frequency of preparation and presentation must be quarterly for D-0841 Disaggregated member deposits and monthly for D-0842 Disaggregated bank loans and from other organisms.

REPORTS

D-0841

Disaggregated member deposits

In this report, information regarding the deposits of members that savings and loan cooperative societies have registered is requested.

D-0842

Disaggregated bank loans and from other organisms

In this report, information regarding bank loans and from other organisms that savings and loan cooperative societies have registered is requested.

CAPTURE FORMAT

Entities shall carry out the submission of information related to the report D-0841 Disaggregated member deposits, described above, by using the following capture format:

REQUESTED INFORMATION

SECTION REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

SECTION MEMBER IDENTIFIER

MEMBER IDENTIFIER ASSIGNED BY THE ENTITY

TYPE OF MEMBER

FULL NAME OR SOCIAL NAME OF THE MEMBER

RFC OF THE MEMBER

CURP OF THE MEMBER

SEX OF THE MEMBER

LEGAL STATUS OF THE MEMBER

ECONOMIC ACTIVITY OF THE MEMBER

LOCALITY OF THE MEMBER'S ADDRESS

MUNICIPALITY OF THE MEMBER'S ADDRESS

STATE OF THE MEMBER'S ADDRESS

NUMBER OF ORDINARY CONTRIBUTION CERTIFICATES

AMOUNT OF ORDINARY CONTRIBUTION CERTIFICATE

NUMBER OF EXCESS OR VOLUNTARY CERTIFICATES

AMOUNT OF EXCESS OR VOLUNTARY CERTIFICATE

SECTION OPERATION DATA

CONTRACT NUMBER

ACCOUNT NUMBER

CONTRACTING OR OPENING DATE

TYPE OF ACCOUNT OPENING

BRANCH KEY OPERATING THE DEPOSIT

ACCOUNTING CLASSIFICATION (R01 A-0111)

TYPE OF MODALITY

TYPE OF RATE

REFERENCE INTEREST RATE

DIFFERENTIAL ON REFERENCE RATE

OPERATION OF DIFFERENTIAL ON REFERENCE RATE (ADDITIVE OR FACTOR)

FREQUENCY OF RATE REVIEW

PERIODICITY OF THE AGREED RETURNS PLAN

MATURITY DATE OF THE DEPOSIT

REMAINING TERM TO MATURITY OF THE OPERATION

INITIAL DATE OF THE DEPOSIT

ACCOUNT BALANCE AT THE START OF THE PERIOD

AMOUNT OF DEPOSITS IN THE PERIOD

AMOUNT OF WITHDRAWALS IN THE PERIOD

AMOUNT OF INTERESTS PAID IN THE PERIOD

AMOUNT OF UNPAID ACCRUED INTERESTS IN THE PERIOD

ACCOUNT BALANCE AT THE END OF THE PERIOD

DATE OF LAST MEMBER MOVEMENT

AMOUNT OF LAST MEMBER MOVEMENT

AVERAGE BALANCE OF THE PERIOD

EARLY WITHDRAWAL OF THE DEPOSIT

AMOUNT COVERED BY THE PROTECTION FUND

PERCENTAGE COVERED BY THE PROTECTION FUND

NUMBER OF IDENTIFICATION OF THE GUARANTEED CREDIT

AMOUNT OF THE GUARANTEED CREDIT

PERCENTAGE IN GUARANTEE

Entities shall carry out the submission of information related to the reports D-0842 Disaggregated bank loans and from other organisms, described above, by using the following capture format:

REQUESTED INFORMATION

SECTION REPORT IDENTIFIER

PERIOD

ENTITY KEY

REPORT

SECTION LENDER IDENTIFIER

IDENTIFICATION NUMBER OF THE GRANTOR OF THE LOAN

TYPE OF LENDER

LENDER KEY (CASFIM KEY)

SECTION OPERATION DATA

CONTRACT NUMBER

ACCOUNT NUMBER

CONTRACTING OR OPENING DATE

MATURITY DATE

TYPE OF CREDIT DISBURSEMENT

PERCENTAGE DISBURSED OF THE REVOLVING LINE

DESTINATION OF THE FUNDS

ACCOUNTING CLASSIFICATION (R01 A-0111)

ORIGINAL AMOUNT OF THE LOAN

TYPE OF RATE

REFERENCE INTEREST RATE

DIFFERENTIAL ON REFERENCE RATE

OPERATION OF DIFFERENTIAL ON REFERENCE RATE (ADDITIVE OR FACTOR)

FREQUENCY OF RATE REVIEW

PERIODICITY OF THE AGREED PAYMENT PLAN

TERM CLASSIFICATION

INTEREST RATE APPLIED IN THE PERIOD

LOAN BALANCE AT THE START OF THE PERIOD

PAYMENTS MADE IN THE PERIOD

AMOUNT OF COMMISSIONS PAID IN THE PERIOD

AMOUNT OF INTERESTS PAID IN THE PERIOD

AMOUNT OF UNPAID ACCRUED INTERESTS

OUTSTANDING BALANCE OF THE LOAN AT THE END OF THE PERIOD

DATE OF THE LAST PAYMENT MADE TO THE LOAN

AMOUNT OF THE LAST PAYMENT MADE TO THE LOAN

PREPAYMENT (YES/NO)

DATE OF THE NEXT IMMEDIATE PAYMENT

AMOUNT OF THE NEXT IMMEDIATE PAYMENT

SECTION IDENTIFIER OF GUARANTEES

TYPE OF GUARANTEE

AMOUNT OR VALUE OF THE GUARANTEE

DATE OF APPRAISAL OF THE GUARANTEE

Entities will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adjusting to the characteristics and specifications for filling out and sending information presented in the filling instructions, which are published and updated in the Interinstitutional Information Transfer System (SITI) or in that which, in its case, the Commission makes known. Once the validations and quality standards are surpassed, the SITI will generate an electronic receipt.

Savings and Loan Cooperative Societies

Series R10 Reclassifications

Report A-1011 Reclassifications in the statement of financial position

Includes figures in national currency and UDIS valued in pesos

Figures in pesos

Concept

Catalog minimum balance

Movements by presentation according to accounting criteria

Compensations according to accounting criteria

Statement of financial position of the savings and loan cooperative society

(i)

(ii)

(A)

Debit

Credit

Debit

Credit

Total

(B)* =

(A) + (i) +(ii)

ASSETS

Cash and cash equivalents

Cash

Banks

Deposits in financial entities

Currencies to deliver

Immediate collection documents

High liquidity financial instruments

Restricted or pledged cash and cash equivalents

Currencies to receive

Others

Investments in financial instruments

Negotiable financial instruments

Negotiable financial instruments without restriction

Government debt

Bank debt

Other debt titles

Negotiable financial instruments restricted or pledged

Government debt

Bank debt

Other debt titles

Financial instruments to collect and sell

Financial instruments to collect and sell without restriction

Government debt

Bank debt

Other debt titles

Financial instruments to collect and sell restricted or pledged

Government debt

Bank debt

Other debt titles

Financial instruments to collect principal and interest (values) (net)

Financial instruments to collect principal and interest (values)

Financial instruments to collect principal and interest without restriction

Government debt

Bank debt

Other debt titles

Financial instruments to collect principal and interest restricted or pledged

Government debt

Bank debt

Other debt securities Expected credit loss estimate for investments in financial instruments to collect principal and interest (securities) Financial instruments to collect principal and interest without restriction Government debt Bank debt Other debt securities Financial instruments to collect principal and interest restricted or pledged as collateral Government debt Bank debt Other debt securities Repo debtors Credit portfolio with credit risk stage 1 Commercial loans Unrestricted commercial loans Business or commercial activity Unsecured operations Pledged operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Restricted commercial loans Business or commercial activity Unsecured operations Pledged operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Unrestricted consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Restricted consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Housing loans Unrestricted housing loans Mid-range and residential Social interest Restricted housing loans Mid-range and residential Social interest Credit portfolio with credit risk stage 2 Commercial loans Business or commercial activity Unsecured operations Pledged operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Housing loans Mid-range and residential Social interest Credit portfolio with credit risk stage 3 Commercial loans Business or commercial activity Unsecured operations Pledged operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Housing loans Mid-range and residential Social interest Credit portfolio valued at fair value Commercial loans Business or commercial activity Unsecured operations Pledged operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Housing loans Mid-range and residential Social interest Credit portfolio Deferred items (2) Preventive estimate for credit risks Preventive estimate for credit risks derived from rating Credit portfolio with credit risk stage 1 Commercial loans Unrestricted commercial loans Business or commercial activity Unsecured operations Pledged operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Restricted commercial loans Business or commercial activity Unsecured operations Pledged operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Unrestricted consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Restricted consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Housing loans Unrestricted housing loans Mid-range and residential Social interest Restricted housing loans Mid-range and residential Social interest Credit portfolio with credit risk stage 2 Commercial loans Business or commercial activity Unsecured operations Pledged operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Housing loans Mid-range and residential Social interest Credit portfolio with credit risk stage 3 Commercial loans Business or commercial activity Unsecured operations Pledged operations Factoring operations Financial leasing operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial leasing operations Other consumer loans Housing loans Mid-range and residential Social interest Contingent operations and guarantees Additional preventive estimate for credit risks For operational risks (credit information societies) For accrued interest on credit risk stage 3 loans Ordered by the National Banking and Securities Commission Recognized by the National Banking and Securities Commission Total credit portfolio (net) Benefits to be received in securitization operations Benefits on the remainder in securitization operations Asset for administration of transferred financial assets Other accounts receivable Debtors for settlement of operations Foreign exchange trading Investments in financial instruments Repos For issuance of securities Debtors for cash collateral granted Operations with financial instruments Credit operations Others Sundry debtors Awards, commissions receivable on current non-credit operations Items associated with credit operations Loans and other debts from personnel Rents receivable Overdue debts Other debtors Taxes to be recovered Dividends receivable from equity financial instruments Conditional accounts receivable Other accounts receivable Expected credit loss estimate Sundry debtors Conditional

Unsecured operations Secured operations Factoring operations Financial lease operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial lease operations Other consumer loans Housing loans Mid-range and residential Social interest Interest on loan portfolio with credit risk stage 3 Commercial loans Business or commercial activity Unsecured operations Secured operations Factoring operations Financial lease operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial lease operations Other consumer loans Housing loans Mid-range and residential Social interest Income from loan portfolio valued at fair value Commercial loans Business or commercial activity Unsecured operations Secured operations Factoring operations Financial lease operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial lease operations Other consumer loans Housing loans Mid-range and residential Social interest Commissions for granting credit Commercial loans Business or commercial activity Unsecured operations Secured operations Factoring operations Financial lease operations Microcredits Others Liquidity loans to other savings and loan cooperative societies Consumer loans Credit card Personal Payroll Automotive Acquisition of movable goods Financial lease operations Other consumer loans Housing loans Mid-range and residential Social interest Effect of loan portfolio renegotiation Dividends from financial instruments that qualify as equity financial instruments Gain from valuation Exchange gain from valuation Valuation of indexed instruments Valuation of items in UDIS Increase due to interest income update (1) Interest expenses\

Government debt

Bank debt

Other debt securities

Expected credit loss estimates for investments in financial instruments to collect principal and interest (securities)

Financial instruments to collect principal and interest without restriction

Government debt

Bank debt

Other debt securities

Financial instruments to collect principal and interest restricted or pledged

Government debt

Bank debt

Other debt securities

Repo debtors

Credit portfolio with stage 1 credit risk

Commercial loans

Unrestricted commercial loans

Business or commercial activity

Unsecured operations

Pledge operations

Factoring operations

Financial leasing operations

Microcredits

Other

Liquidity loans to other savings and loan cooperative societies

Restricted commercial loans

Business or commercial activity

Unsecured operations

Pledge operations

Factoring operations

Financial leasing operations

Microcredits

Other

Liquidity loans to other savings and loan cooperative societies

Consumer loans

Unrestricted consumer loans

Credit card

Personal

Payroll

Automotive

Acquisition of movable assets

Financial leasing operations

Other consumer loans

Restricted consumer loans

Credit card

Personal

Payroll

Automotive

Acquisition of movable assets

Financial leasing operations

Other consumer loans

Housing loans

Unrestricted housing loans

Medium and residential

Social interest

Restricted housing loans

Medium and residential

Social interest

Credit portfolio with stage 2 credit risk

Commercial loans

Business or commercial activity

Unsecured operations

Pledge operations

Factoring operations

Financial leasing operations

Microcredits

Other

Liquidity loans to other savings and loan cooperative societies

Consumer loans

Credit card

Personal

Payroll

Automotive

Acquisition of movable assets

Financial leasing operations

Other consumer loans

Housing loans

Medium and residential

Social interest

Credit portfolio with stage 3 credit risk

Commercial loans

Business or commercial activity

Unsecured operations

Pledge operations

Factoring operations

Financial leasing operations

Microcredits

Other

Liquidity loans to other savings and loan cooperative societies

Consumer loans

Credit card

Personal

Payroll

Automotive

Acquisition of movable assets

Financial leasing operations

Other consumer loans

Housing loans

Medium and residential

Social interest

Credit portfolio valued at fair value

Commercial loans

Business or commercial activity

Unsecured operations

Pledge operations

Factoring operations

Financial leasing operations

Microcredits

Other

Liquidity loans to other savings and loan cooperative societies

Consumer loans

Credit card

Personal

Payroll

Automotive

Acquisition of movable assets

Financial leasing operations

Other consumer loans

Housing loans

Medium and residential

Social interest

Credit portfolio

Deferred items (2)

Preventive estimate for credit risks

Preventive estimate for credit risks derived from the rating

Credit portfolio with stage 1 credit risk

Commercial loans

Unrestricted commercial loans

Business or commercial activity

Unsecured operations

Pledge operations

Factoring operations

Financial leasing operations

Microcredits

Other

Liquidity loans to other savings and loan cooperative societies

Restricted commercial loans

Business or commercial activity

Unsecured operations

Pledge operations

Factoring operations

Financial leasing operations

Microcredits

Other

Liquidity loans to other savings and loan cooperative societies

Consumer loans

Unrestricted consumer loans

Credit card

Personal

Payroll

Automotive

Acquisition of movable assets

Financial leasing operations

Other consumer loans

Restricted consumer loans

Credit card

Personal

Payroll

Automotive

Acquisition of movable assets

Financial leasing operations

Other consumer loans

Housing loans

Unrestricted housing loans

Medium and residential

Social interest

Restricted housing loans

Medium and residential

Social interest

Credit portfolio with stage 2 credit risk

Commercial loans

Business or commercial activity

Unsecured operations

Pledge operations

Factoring operations

Financial leasing operations

Microcredits

Other

Liquidity loans to other savings and loan cooperative societies

Consumer loans

Credit card

Personal

Payroll

Automotive

Acquisition of movable assets

Financial leasing operations

Other consumer loans

Housing loans

Medium and residential

Social interest

Credit portfolio with stage 3 credit risk

Commercial loans

Business or commercial activity

Unsecured operations

Pledge operations

Factoring operations

Financial leasing operations

Microcredits

Other

Liquidity loans to other savings and loan cooperative societies

Consumer loans

Credit card

Personal

Payroll

Automotive

Acquisition of movable assets

Financial leasing operations

Other consumer loans

Housing loans

Medium and residential

Social interest

Contingent operations and guarantees

Additional preventive estimate for credit risks

For operational risks (credit information societies)

For accrued interest on loans with stage 3 credit risk

Ordered by the National Banking and Securities Commission

Recognized by the National Banking and Securities Commission

Total credit portfolio (net)

Benefits to be received in securitization operations

Benefits on the remainder in securitization operations

Asset for administration of transferred financial assets

Other receivables

Debtors for settlement of operations

Foreign exchange sales

Investments in financial instruments

Repos

For issuance of securities

Debtors for collateral provided in cash

Operations with financial instruments

Credit operations

Other

Various debtors

Premiums, commissions to be collected on non-credit operations in force

Items associated with credit operations

Loans and other debts of personnel

Rents to be collected

Overdue debts

Other debtors

Taxes to be recovered

Dividends to be collected from equity financial instruments

Conditional receivables

Other receivables

Expected credit loss estimates

Various debtors

Conditional receivables

Other receivables

Other receivables (net)

Adjudicated assets

Adjudicated movable assets, financial instruments and rights

Restricted adjudicated movable assets

Adjudicated real estate

Restricted adjudicated real estate

Increase by updating adjudicated assets (1)

Estimate of adjudicated assets

Estimate for loss of value of adjudicated assets

Increase by updating the estimate for loss of value of adjudicated assets (1)

Adjudicated assets (net)

Long-term assets held for sale or for distribution to members

Subsidiaries

Belonging to the financial sector

Not belonging to the financial sector

Associates

Belonging to the financial sector

Not belonging to the financial sector

Joint ventures

Belonging to the financial sector

Not belonging to the financial sector

Other permanent investments

Belonging to the financial sector

Not belonging to the financial sector

Other

Belonging to the financial sector

Not belonging to the financial sector

Assets related to discontinued operations

Prepayments and other assets

Deferred charges

Differential to be amortized in credit portfolio acquisitions

Transaction costs associated with granting credit

Effect from renegotiation of credit portfolio

Insurance to be amortized

Other deferred charges

Prepayments

Interest paid in advance

Commissions paid in advance

Advances or provisional payments of taxes

Rents paid in advance

Other prepayments

Security deposits

Employee benefits assets

Plan assets to cover employee benefits

Direct long-term benefits

Post-employment benefits

Pensions

Seniority premium