Grupo Financiero Galicia S.A. (Grupo Financiero Galicia), incorporated on October 30, 1999, is a financial services holding company. The Company's segments include Banking, Regional Credit Cards, CFA, Insurance and Other Grupo Galicia Businesses. The Company conducts its operations through its subsidiaries. Banco de Galicia y Buenos Aires S.A. (Banco Galicia or the Bank), a full-service bank, is a subsidiary of the Company. Through the operating subsidiaries of Tarjetas Regionales S.A. (Tarjetas Regionales), a holding company controlled by Banco Galicia, and Compania Financiera Argentina S.A. (CFA) (of which Banco Galicia owns interest), the Company provides brand credit cards throughout Argentina. Through Sudamericana Holding S.A. (Sudamericana) and its subsidiaries, the Company provides insurance products in Argentina.

Banking

The Company's banking business segment represents Banco Galicia consolidated line by line with Banco Galicia Uruguay S.A. (Galicia Uruguay). Banco Galicia provides a range of financial services through distribution platforms amongst private-sector financial institutions in Argentina. This distribution platform consists of over 250 full service banking branches, located throughout the country, approximately 1,660 automated teller machines (ATMs) and self-service terminals owned by Banco Galicia, phone banking and e-banking facilities. Banco Galicia's primary clients are classified into two categories: the Wholesale Banking Division and the Retail Banking Division. The Bank's wholesale banking division includes agriculture and livestock sector, corporate banking, capital markets and investment banking, non-financial public sector and foreign trade.

The Retail Banking Division manages Banco Galicia's business with individuals from all income brackets, micro and smaller businesses, and small retailers and professionals. Retail Banking provides a range of financial products and services, encompassing transactions, loans, and investments. The Retail Banking division manages the Banco Galicia's business with individuals from all income brackets, micro and smaller businesses, and small retailers and professionals. Retail Banking provides a range of financial products and services, including transactions, loans and investments. On the transactions side, Banco Galicia offers its customers' checking and savings accounts, credit and debit cards, and payroll direct deposit, among other services. Banco Galicia's customers have access to its services through its branch network, as well as through its electronic distribution channels. Apart from its branches, Banco Galicia uses Red Galicia 24 (Banco Galicia's ATM and self-service terminals network), the bancogalicia.com portal, Galicia Servicios Moviles, its Retail Sales Unit, and the Commercial Planning area of its Customer Contact Center, which are service, transactional and sales channels focused on individual and corporate customers.

Regional Credit Cards

The Company operates the Regional Credit Cards segment through Tarjetas Regionales and its subsidiaries, which include Tarjeta Naranja S.A. and Tarjetas Cuyanas S.A. Tarjetas Regionales has over 3.2 million active accounts, approximately 9.5 million issued credit cards and over 2.5 million affiliated merchants. Tarjetas Regionales issues, operates and processes its own branded credit cards, the Tarjeta Naranja credit card and the Tarjeta Nevada credit card. Tarjetas Regionales also offers its clients international credit card brands, such as Visa, MasterCard and American Express that are issued by Banco Galicia on its behalf. In addition to its credit card business, Tarjetas Regionales also extends personal loans to its clients. Tarjetas Regionales provides its products and services through a network of over 260 branches, client service centers and other points of sale located in Argentine cities.

CFA

The Company's CFA business segment primarily extends unsecured personal loans to low and middle-income segments of the Argentine population. The Company operates the CFA Personal Loans segment through CFA and Cobranzas y Servicios S.A. CFA is a financial company engaged in the personal loan business. Its main products include Efectivo Si-Loans, including personal loans, consumer loans, payroll loans and loans to public sector employees; Efectivo Si-Savings, including time deposits, and savings account and debit card; Efectivo Si-Cards; Efectivo Si-Insurance, and Retirement and Pension Payment-National Social Security Administration.

Insurance

The Company operates the insurance segment through Sudamericana and its subsidiaries. The Company, through Sudamericana, holds interests in Galicia Seguros S.A. (Galicia Seguros), Galicia Retiro Compania de Seguros S.A. (Galicia Retiro) and Galicia Broker Asesores de Seguros S.A. (Galicia Broker). Sudamericana offers life, retirement, property and casualty insurance products in Argentina. Galicia Seguros provides property, casualty and life insurance. Its line of business is group life insurance, including employee benefit plans and credit related insurance. With regard to property and casualty insurance products, Galicia Seguros primarily underwrites home and ATM theft insurance. Galicia Retiro provides annuity products and Galicia is an insurance broker.

Other Grupo Galicia Businesses

The Company's Other Grupo Galicia Businesses segment includes the results of Galicia Warrants S.A. (Galicia Warrants), Galicia Administradora de Fondos S.A. Sociedad Gerente de Fondos Comunes de Inversion (Galicia Administradora de Fondos) and Net Investment S.A. (Net Investment). Galicia Warrants is a company involved in the deposit certificates and warrants issuance market and its main customers belong to the agricultural, industrial and agro-industrial sectors, as well as exporters and retailers. Galicia Administradora de Fondos manages the FIMA family mutual funds that are distributed by Banco Galicia through its multiple channels, including network of branches and home banking and investment centers. Net Investment invests in and develops businesses related to technology, communications, Internet connectivity and Web contents.

The Company competes with Banco Santander Rio, Banco Galicia, BBVA Banco Frances, Banco Macro, Credicoop, HSBC Bank, Patagonia, Banco Supervielle, Banco Columbia, Banco Comafi, Banco Credicoop, Banco MasVentas, Banco Municipal de Rosario, Banco Nacion, Banco de Cordoba, Banco Cetelem, Banco de Servicios y Transacciones, Cooperativa la Capital del Plata, Caja de Credito Cuenca, Banco de Servicios Financieros, Fravega Group, Garbarino, Megatone and Riveiro.

Tte. Gral. Peron 430 25

The company trades on NASDAQ exchange. The company headquarter is located in Argentina. The company was established in the 1905.

TickerGGAL
Long NameGrupo Financiero Galicia S.A.
Short NameGrupo Financiero