Monday, September 11, 2017


GGAL Grupo Financiero Galicia S.A. gains 19% Sep 11, 2017

Grupo Financiero Galicia S.A., a financial services holding company, provides various financial products and services in Argentina. The company operates through Banking, Regional Credit Cards, CFA Personal Loans, Insurance, and Other Grupo Galicia Businesses segments. It offers corporate banking services to companies, and the agricultural and livestock sector; foreign trade transactions; corporate debt and securitization transactions; and e-collection and payment solutions to various agencies, municipalities, and universities. The company also provides checking and savings accounts, credit and debit cards, payroll direct deposits, and other services; and financial investment alternatives, such as deposits, FIMA mutual funds, government and corporate securities, and trusts and notes to individuals, micro and smaller businesses, and small retailers and professionals. In addition, it offers personal, consumer, and payroll loans, as well as loans to public sector employees; time deposits; retirement and pension payment services; life insurance, including employee benefit plans and credit related insurance; property and casualty insurance products, such as home and ATM theft insurance; and insurance brokerage services, as well as issues, operates, and processes credit cards. Further, the company manages positions in foreign currency and government securities, and mutual funds; operates as an intermediary and distributes financial instruments to institutional investors, corporate customers, and individuals; and issues deposit certificates and warrants to the agricultural, industrial, and agro-industrial sectors, as well as exporters and retailers. As of December 31, 2015, it had 260 full service banking branches; and 1,659 ATMs and self-service terminals. Grupo Financiero Galicia S.A. was founded in 1905 and is based in Buenos Aires, Argentina.

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