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“We follow your dreams, we support your projects. We believe in you.”

INSTITUTIONAL PRESENTATION December 2015

in US$ mm

To keep ourselves committed to the success of our clients. Permanent Innovation to become the bank of choice of the successful people, who are the leading players in the development of our country

• Integrity
• Professionalism
• Positive Attitude

Our Mission, Vision and Values

Paraguay's Economy Overview

Supportive macro and banking sector scenario

2014 2015 % GPD * 4,7 3* % Inflation 4,2 3,1 USD Exchage rate

• Gs. 4629
• Gs. 5806,91

% Monthly inflation 0,7 0,9 Dec/13 to Dec/14 Dec/14 to Dec/15 % Loan growth 22,2 22,0 % Deposits growth 17,5 14,4 % NPL 1,8 2,5 % ROE 28,3 27,8

MACRO

SECTOR

Source: BCP *Number subject to revision

Source: Investor Economia with data from the BCP

GPD

GDP grew at a pace of 3.0%, below the 4.5% economic potential. The main drivers included:

• Good level of agricultural production, which increased 5% over 2014 figures.
• Tough year for the cattle and livestock sector, with a growth rate of -1.8% given lower international prices.
• Expanding industrial sector (2.0%), with growth in exports from maquila and pharmaceutical subsectors.
• Positive trend in services, more specifically finance (12%), as well as hotels and restaurants (6%).
• Rise in construction (6%), driven mainly by private investment projects.
• Rising levels of private investment.

The Paraguayan economy experienced one of the highest growth rates in Latin America, which averaged -0.3% according to the International Monetary Fund’s (IMF) estimates. For 2016, the BCP estimates a growth rate of around 3.2%, near

Inflation

• In 2015, consumer prices expanded at a rate of 3.1%, below the 4.5% target established by the BCP.
• The appreciation of the US Dollar was expected to increase inflation, but the rise did not spill over to a great extent on consumer goods during 2015.
• Faced with this economic scenario, the Central Bank Monetary Policy Committee reduced its benchmark rate during the months of March, April, June

and July, from 6.75% to the current 5.75%.

• Inflation is expected to remain relatively stable during 2016. The Central Bank will maintain its inflation targeting regime, prioritizing price controls

within the upper and lower bounds, which was held at 4.5% ±2%. Source: Investor Economia with data from the BCP

• As of December 2015, the exchange rate has shown variations, with a strong upward trend. Throughout the first semester, the Guaraní remained

as one of the least devaluated currencies with respect to the US Dollar, but towards the end of the second semester the behavior resembled that

• f its regional peers.
• The Central Bank sold US Dollars on the financial market. From January 1st to December 30th total sales accounted for US$ 1.54 billion, an all-

time high. The sale of dollars on the financial market by the Central Bank exhibited a rapid increase towards the second semester of 2015; money from the country’s International Reserves. It should be noted that the cash from the issue of sovereign bonds are also included in this account, adding to the revenues received by the Government.

• In 2016 the influx of capital from the issue of bonds will be lower than that of 2015, which would restrict the authority’s power in its effort to

stabilize volatile exchange rate pressures.

Exchange Rate

Source: Investor Economia with data from the BCP

Outlook

 The 2015/2016 soybean season is expected to exhibit good levels of rainfall due to “El Niño”, but also:  Climatic variability, with possible extreme temperatures.  Severe and irregular rainfall. Heavy storms, tornadoes and hail expected.  As was seen in the previous season, agricultural profitability margins will be very small due to lower commodity prices and costs which have not fallen at the same rate.  Volume of beef exports will continue to increase, due to a growth in slaughter rates, rising exports to Chile, and the sanitary approval by the EU and other authorities. Prices, on the other hand, will remain low.  Neighboring economies will continue to negatively impact Paraguayan border towns, with expected decreases in commercial activity due to the Brazilian recession as well as its depreciating currency. On the other border, President Macri’s economic decisions will most likely impact Paraguay, in positive or negative ways.  Inflation will remain low, near the target established by the Central Bank (4.5% ± 2%).  In 2016 the Gs/US$ exchange rate will be pressured upwards, given similar supply and demand levels of 2015 and limited Central Bank intervention power due to lower proceeds from the issue of sovereign bonds. At year end, the exchange rate is expected to reach Gs./US$ 6.320 (± 200).  The current lack of optimistic business expectations will remain, which has contracted investment in 2015 due to unclear signals coming from Government authorities with regards to solid economic measures to boost GDP.  Investor Economia estimates GDP will increase at a rate of 3.7% during 2016.

Source: Investor Economia with data from the BCP

Regional: A leading Bank with a successful strategy

Sustainable and Steady Growth

1991 1998 2000 2001 2005 2008 2009 2012 2013 2014

First Bank with its headquarters located outside the country's capital Modernization of its institutional image and implementation of an expansion strategic plan One of the few national banks that managed to circumvent the financial crisis in Paraguay thanks to the prestige of its shareholders. Change in business strategy incorporating customer

• fficers for

personalized attention Technological update Rabobank becomes shareholder with 40%

• f shares

Regional adopts S.A.E.C.A. title and undertakes the largest issue of shares in the local stock exchange.

Signing of purchase commitment of ABN AMRO Paraguay Processes restructuring with London Consulting Group 5-year Strategic Plan with support of BAIN International Senior Notes Issuance of US$ 300 mill with 5 year maturity ___________________ End of Phase 1 of the Strategy Plan ___________________ Changing corporate image.

…

Purchase of 100% of ABN AMRO Paraguay Bank

Assets (US$ mm)

Dec/15 $2,636 2008 $ 624,63 1991 $ 8,10 2014 $ 2,962

Banco Regional: A leading financial institution - Dec 15

$2.635,9 $1.994,2 $216,9 $2.070,8 104.472 680 38 21,93% $36,4 1,50% 13,19% 122,35%

Moody’s: Ba2 / S&P: BB- /Feller Rate: AApy Ratings Assets Equity # Customer # Branches Net Income TIER II Loans(3) Deposits + Bonds (1) # Employees ROE ROA

NPL Coverage (2)

* US$ mm (1) Deposits US$ 1,758.5 Mn (2) Total NPL Coverage indicates (specific + Generic Provisions)/NPL (3) Includes FInancial Sector - Do not included accrued interests

17% 14% 7% 8% 10% 5% 3% 6% 25% 11% 17%

Loans Deposits Branches ATM Net Profit Credit Cards Portfolio Number of Cards Consumer Loans Agricultural Loans Livestock Loans Industrial Loans

Total Bank Retail Corporate

Leading positions in services and products – Dec 15

Market Share / Ranking

2 3 7 5 3 7 8 7 1 4 2 + Total Banks= 17

Strong portfolio growth in a competitive market

(1)Do not included accrued interests

Assets Deposits(1) Loans Equity

$1.563 $1.914 $2.182 $2.614 $2.962 $2.636

15,9% 15,8% 15,3% 15,8% 15,3% 14,4%

Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Assets (US$mm) %Market share - Assets $1.040 $1.343 $1.553 $1.761 $2.101 $1.994

18,0% 18,2% 17,5% 17,1% 17,0% 16,7%

Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Loans (US$mm) %Market share - Loans $1.251 $1.396 $1.619 $1.924 $2.017 $1.759

16,5% 15,9% 15,5% 16,2% 14,6% 14,0%

Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Deposits %Market share - Deposits $142 $167 $196 $202 $236 $217

13,4% 13,2% 11,9% 11,7% 11,3% 11,4%

Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Equity %Market share - Equity

Exchange Rate: Dec 2015: Gs 5.806,91 Dec 2014: Gs 4.629

Evolution of Loan Portfolio – Dec 15

Portfolio Distribution by Sector Portfolio by Currency Loans NPL

$1.040 $1.343 $1.553 $1.761 $2.101 $1.994

18,0% 18,2% 17,5% 17,1% 17,0% 16,7%

Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Loans (US$mm) %Market share - Loans

5% 37% 8% 11% 15% 7% 10%

3%4%

Retail 5% Agriculture 40% Livestock 7% Industry 11% Commerce (Large) 13% Commerce (Small) 8% Services 10% Financial Sector 0% Export 6%

Guaraníes 33% Dollars 67%

1,9% 1,8% 2,5% 2,5% 2,2% 2,36%

1,3% 1,7% 2,1% 2,0% 1,8% 2,47% Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15

% NPL Banco Regional % NPL (banking sector) Exchange Rate: Dec 2015: Gs 5.806,91 Dec 2014: Gs 4.629

Provisions for loan losses as % of total loans

127,40% 132,64% 115,50% 115,09% 100,01% 122,35% 166,75% 147,73% 131,34% 135,71% 134,97% 116,50% 32,22% 33,10% 40,59% 41,24% 45,93% 52,47%

dec/10 dec/11 dec/12 dec/13 dec/14 dec/15

Regional Banking Sector Real Collaterals as % of total loans

A Sound Structure of Deposits - Dec 2015

Sight Deposits vs. Time Deposits

Deposits by currency Deposits (*)

*Do not included accrued interests

$1.251 $1.396 $1.619 $1.924 $2.017 $1.759 16,5% 15,9% 15,5% 16,2% 14,6% 14,0% Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Deposits %Market share - Deposits % Sight Deposits 49% % Time Deposits 51% Guaranies 39% Dollars 61%

Exchange Rate: Dec 2015: Gs 5.806,91 Dec 2014: Gs 4.629

Portfolio breakdown by segments – Dec 2015

Deposits Loans Total clients

65% 25% 6% 4% Large Corporate. 64% Medium

• Corporate. 26%
• Retail. 6%
• SME. 3%
• Private. 1%

42% 10% 38% 10% Large Corporate. 41% Medium

• Corporate. 10%
• Retail. 16%
• SME. 6%
• Private. 27%

2% 5% 81% 12% Large Corporate. 2% Medium

• Corporate. 4%
• Retail. 83%
• SME. 9%
• Private. 2%

Portfolio breakdown by segments – Dec 2015

Loans ML Deposits ML Loans ME Deposits ME

55% 24% 14% 7% Large Corporate 57% Medium Corporate 22% Retail 14% SME 6% Private 1% 45% 9% 37% 9% Large Corporate 45% Medium Corporate 9% Retail 20% SME 7% Private 19%

71% 25% 1% 3%

Large Corporate 68% Medium Corporate 28% Retail 1% SME 2% Private 1% 38% 12% 39% 11% Large Corporate 38% Medium Corporate 11% Retail 14% SME 5% Private 32%

Solvency

Evolution TIER l Evolution TIER ll

* US$ mm

136,3 163,2 199,7 206,7 240,6 209,4 12,7% 11,5% 12,2% 11,9% 12,8% 11,0% Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15

Minimum Required 8% (---)

Equity TIER I 136,3 163,2 199,7 206,7 240,6 209,4 13,6% 13,0% 14,2% 13,5% 13,7% 13,2% Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15

Minimum Required 12% (---)

Equity TIER II

* US$ mm

Profitability and efficiency

Efficiency ratio ROE ROA

63,35% 57,22% 55,74% 57,77% 59,80% 47,64% 55,42% 53,15% 55,20% 54,31% 52,77% 48,85% Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 BR Banking Sector

14,00% 24,56% 22,19% 20,36% 15,01% 21,93% Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 1,12% 1,74% 1,65% 1,32% 1,05% 1,50% Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15

Regional's Liquidity Management

Structure of a Sound Funding Base

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Dec-14 Dec-15

Other liabilities Bonds Local and foreign Loans Subordinated Bonds Deposits

74% 73% 10% 1% 11% 74% 74% 12% 1% 11% 4% 4%

External funding sources from renowned institutions

Correspondent Banks Multilateral Organizations

Regional's Corporate Governance

Strong support from main shareholder

Rabobank’s ownership of Banco Regional is currently 39% of the bank’s capital stock and it has the following contributions

Rabobank 39% Local Shareholders 61%

Our strategic alliance with Rabobank implies: 1) Long-term partnership 2) Two Board Members appointed by Rabobank 3) Chief Operating Officer and Branch Manager appointed by Rabobank 4) Rabo International Advisory Services (RIAS) provides technical assistance 5) On the job training and study tours to several entities of the Rabobank Group

Organigram

Raúl Vera Bogado Executive Chairman Group A Cornelis J. Beijer Vice-Chairman Group B Alfredo Raatz Director Group A Petrus Bernard van Jaarsveid Director Group B Wolfgang Brönstrup Director Group A Irene Memmel de Matiauda Alternate Director Group A Erik Heyl Alternate Director Group B Francisco Yanagida Alternate Director Group A Adrian Lorenzutti Alternate Director Group B Mirian Raatz de Soley Alternate Director Group A Roland Wolff Examiner Group A Sandra Yshizuka Alternate Examiner Group A

Audit Committee 2 Members (2 directors) Human Resources Committee 3 Members (2 directors) Manager Committee 14 Members Compliance Committee 8 Members (2 directors) Assets and Liabilities Committee 11 Members (3 directors) Technology Committee 9 Members Credit Committee 9 Members (3 directors) IT Developments Quality Committee 11 Members IT Changes Committee 12 Members Banco Regional Committees Strategic Management Committee

6 Members (2 directors)

Risks Committee 6 Members (3 directors)

Board of Directors

Financial Results

Results

(US$ mm)

* US$ mm

Dec-14

Dec-15

Net Interest Income 104,01 111,70 Other Incomes 33,65

31,52

Total Operating Expenses

• 86,41
• 73,14

Earnings Before Tax 51,25

70,09

Loan Provisions

• 20,26
• 30,50

Income Tax

• 1,90
• 3,17

Net Profits 29,09

36,41

Exchange Rate: Dec 2015: Gs 5.806,91 Dec 2014: Gs 4.629

Key Figures

Asset Quality Profitability Liquidity Efficiency

Dec-14 Dec-15

• NPL

2,20% 2,36%

• Provisions for loan losses as % of total loans

100,01% 122,35%

• Real Collaterals as % of total loans

45,93% 52,47%

• TIER I

12,82% 11,00%

• TIER II

13,69% 13,19%

• ROE (Return on Equity)

15,01% 21,93%

• ROA (Return on Assets)

1,05% 1,50%

• Return on ordinary shares

15,08% 23,46%

• Return on preferred shares

16,00% 16,00%

• Sight Deposit as % of total Deposits

52,10% 49,10%

• Total Loans as % of total Deposits

103,95% 113,40%

• Efficiency ratio

59,80% 47,64%

• Net Services Income / Payroll Expenses and other payroll taxes.

56,84% 58,40%

Composition of Capital

Strategic alliance with Rabobank

T.C: 4.850 4.930 4.600 4.558 4.478 4.224 4.585 4.629 5.806,91

2007 2008 2009 2010 2011 2012 2013 2014 2015 Ordinary Capital Preferred Capital

127,38 109,84 104,11 97,59 53,86 130,34 148,51 135,17 68% 32% 13,04

Exchange Rate: Dec 2015: Gs 5.806,91 Dec 2014: Gs 4.629 * US$ mm

2008 2009 2010 2011 2012 2013 2014 2015

Legal Reserve Distribution of cash Preferred dividends Capitalization of Ordinary Dividens Distribution of cash Ordinary dividends Distribution of Ordinary Dividens

33,41 32,86 29,09 31,44 16,64 19,21 15,28 21% 3% 30% 46% 36,41 59% 19% 22%

Net Profits

% Capitalization Ordinary dividends: 70% 70% 100% 70% 91% 95% 93%

T.C: 4.930 4.600 4.558 4.478 4.224 4.585 4.629 5.806,91

* US$ mm

Ordinary dividends for the year 2015 will be considered in the Assembly of Shareholders of 29/04/2016

¡Thank you!