Grupo Financiero Galicia Company Profile and Information

Grupo Financiero Galicia is a leading financial institution in Argentina, with a rich history dating back to 1886. It was founded by Jorge Santome, who had a vision to provide financial services to the Argentine people.

The company has undergone significant transformations over the years, evolving from a small bank to a diversified financial group. Today, it offers a wide range of financial products and services, including consumer and corporate banking, investment banking, and asset management.

Grupo Financiero Galicia is headquartered in Buenos Aires, Argentina, and has a strong presence in the country's financial market.

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Grupo Financiero Galicia has a strong presence in Argentina, with a network of over 1,000 branches and a significant market share.

Their financial performance is impressive, with a net income of $2.6 billion in 2020.

The bank's assets have grown steadily over the years, reaching $53.5 billion in 2020.

Their loan portfolio is diverse, with a mix of consumer and corporate loans.

The bank has also made significant investments in digital banking, with a mobile banking app that has been downloaded over 1 million times.

Their efforts to improve customer experience have paid off, with a customer satisfaction rating of 85% in 2020.

The bank's financial stability is also a major strength, with a capital adequacy ratio of 14.5% in 2020.

Their commitment to corporate social responsibility is evident in their community development programs, which have benefited over 100,000 people in 2020.

Grupo Financiero Galicia offers a range of banking services to its customers. These services include personal banking, corporate banking, and investment banking.

The bank has a strong presence in Argentina, with a network of over 250 branches and a large ATM network. This allows customers to easily access their accounts and conduct financial transactions.

In addition to its traditional banking services, Grupo Financiero Galicia also offers specialized services, such as foreign exchange and trade finance. These services are designed to help businesses and individuals manage their international financial transactions.

Banks are a crucial part of our financial system, providing essential services like savings accounts, loans, and investments. In Argentina, the Buenos Aires stock market has seen a 5-day change of +1.61% as of February 28, 2025.

Grupo Financiero Galicia S.A. has been making headlines in the banking sector. On February 25, they entered into an agreement with Banco Santander S.A. to implement a joint venture. This move could potentially lead to increased efficiency and better services for customers.

The performance of Grupo Financiero Galicia S.A. can be measured by its end-of-day quote of 6,930.00 as of February 28, 2025. This is a significant increase from its 1st Jan change of -3.08%.

Banco Galicia adopted a strategy in the mid-1990s to focus on the non-banked population, which in Argentina includes low- and middle-income segments.

This strategy led them to invest in non-banking companies in various regions of the country. Tarjeta Naranja (now Naranja X) is a notable example, becoming the leading issuer of credit cards in Argentina, surpassing all banks combined.

Tarjeta Naranja was launched in Córdoba in 1985 to provide financing to clients of the sports store Salto 96, founded by David Ruda and Gerardo Asrin. Banco Galicia acquired 49% of Tarjeta Naranja's shares in 1995, facilitating its expansion across Argentina and introducing new financial plans and services.

The alliance between Banco Galicia and Tarjeta Naranja strengthened rapidly, and by 1998, the bank increased its participation to 80% through capital injections and the purchase of additional shares from the founders.

Tarjetas Regionales S.A. was created to consolidate Banco Galicia's interests in these financial businesses, acquiring several companies, including Nevada S.A., Tarjetas del Mar S.A., and Tarjetas Cuyanas S.A., through a process of "fusion by absorption" with Tarjeta Naranja as the absorbing entity.

Tarjeta Naranja evolved to offer not only financial products but also integrated services like insurance, personal loans, travel, and tourism, and a virtual wallet. In 2017, the company simplified its name to "Naranja" and created Naranja X, which became the new identity of the company in 2021.

In 2020, the Grupo Financiero Galicia announced a restructuring process with the Ruda and Asrin families, resulting in the fusion of their companies with the Grupo Financiero Galicia, with 47.9 million new shares issued.

Today, the holding's most notable financial product is Naranja X, representing the transition of Naranja to the digital finance sphere.

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Sudamericana Holding is owned by Grupo Financiero Galicia, which has direct and indirect control over all its shares.

Grupo Financiero Galicia is the sole owner of Sudamericana Holding, making it a subsidiary of the financial group.

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Galicia Administradora de Fondos has been managing investment funds since 1958, specifically FIMA funds distributed through Banco Galicia's various channels.

The company is a market leader in terms of assets managed, with a team of professionals overseeing the investments of the FIMA fund family.

These funds cater to individual, commercial, and institutional investors with varying risk profiles, offering alternatives for all types of investors.

The FIMA fund family is designed to meet the needs of investors with different risk requirements, making it a versatile option for those looking to invest.

Grupo Financiero Galicia has a complex capital structure, with 1,474,692,091 shares divided into Class A and Class B shares.

The Class A shares carry five votes each, while the Class B shares grant one vote per share.

The company's Class B shares are listed on BYMA, MAE, and the Córdoba Stock Exchange, with one ADS equivalent to ten Class B shares.

EBA Holding is the controlling stakeholder, owning 19.7% of the shares but commanding 55.1% of the voting power due to its multiple-voting Class A shares.

Galicia Bank's capital structure is made up of 1,474,692,091 shares, divided into two classes: Class A and Class B shares.

The Class A shares carry five votes each, while the remaining Class B shares grant one vote per share.

Traded under the symbol GGAL, the Class B shares are listed on BYMA, MAE, and the Córdoba Stock Exchange, with one ADS equivalent to ten Class B shares.

EBA Holding is the controlling stakeholder, owning 19.7% of the shares but commanding 55.1% of the voting power due to its multiple-voting Class A shares.

The Escasany, Ayerza, and Braun families own EBA Holding in its entirety, with the Escasanys being the founders of Galicia Bank in 1905.

As an investor, it's essential to know who's behind the company's management and direction. The current CEO of Grupo Financiero Galicia S.A. is Fabián Enrique Kon.

Fabián Enrique Kon has been the CEO since July 31, 2020. He's responsible for making key decisions and overseeing the company's overall strategy.

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The company has two Directors of Finance/CFO, Gonzalo Javier Fernández Covaro and Jose Luis Ronsini. Gonzalo has been in the position since February 17, 2025, while Jose Luis has been serving since March 31, 2017, and is 53 years old.

The Board of Directors consists of experienced professionals, including Eduardo J. Escasany, who has been the Chairman since March 31, 2005. He's 74 years old and has been a key figure in the company's growth.

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Investors need to consider the valuation of a company before making a decision. The valuation of Grupo Financiero Galicia S.A. has fluctuated over time, with a capitalization of 10.37B, 11,008B, 9.96B, 9.35B, 8.24B, 14.96B, 906B, 16.7B, 111B, 41.42B, 379B, 38.86B, 38.08B, and 1,558B.

The company's P/E ratio has also changed, with a value of 8.16x in 2024 and 7.12x in 2025. This indicates a decrease in the price-to-earnings ratio over time.

The enterprise value of the company has also varied, with values of 10.37B, 11,008B, 9.96B, 9.35B, 8.24B, 14.96B, 906B, 16.7B, 111B, 41.42B, 379B, 38.86B, 38.08B, and 1,558B.

Here's a breakdown of the company's valuation metrics:

The free-float of the company is 67.71%, indicating that a significant portion of the company's shares are available for trading.

In the world of investing, it's essential to understand the different types of shares and their implications. Sponsored ADRs, or American Depositary Receipts, are a type of share that allows investors to buy into foreign companies.

Sponsored ADRs are often used by large, well-established companies to tap into the US market. They can be denominated in US dollars or the local currency of the company's home country.

The sponsor of the ADR is typically a US bank or financial institution that has a relationship with the foreign company. This sponsor is responsible for facilitating the trading of the ADRs on a US stock exchange.

Sponsored ADRs offer a number of benefits to investors, including increased liquidity and easier access to foreign markets. They can also provide a more stable source of income, as ADRs are often less volatile than the underlying shares.

Investors should be aware that sponsored ADRs can be subject to certain restrictions, such as the requirement to hold a minimum amount of shares. This can affect the overall cost of ownership and the potential for profit.

The Peergroup, a comparison platform, allows investors to compare the features and benefits of different sponsored ADRs. This can help investors make informed decisions and choose the best option for their needs.

By using the Peergroup comparison tool, investors can quickly and easily compare the key characteristics of sponsored ADRs from different companies. This can save time and effort, and help investors make more informed investment decisions.

Grupo Financiero Galicia has released several press releases in recent months, providing updates on the company's performance and activities.

The company's fourth quarter ended on December 31, 2024, and the results were announced on February 28.

Here are the key dates for Grupo Financiero Galicia's recent press releases:

These press releases provide a range of information, from financial results to company updates and announcements.

Grupo Financiero Galicia's research and analysis is rooted in a deep understanding of the local market.

The bank's presence in Argentina and Uruguay dates back to 1890, with a history of adapting to changing economic conditions.

In the 1990s, the bank expanded its services to include consumer finance and insurance, positioning itself as a one-stop-shop for clients.

Grupo Financiero Galicia's commitment to innovation is evident in its adoption of digital banking technologies, such as mobile banking and online payment systems.

The bank's customer base is diverse, with a significant presence in the retail and commercial sectors.