GRUPO FINANCIERO GALICIA SA - CLASS B ORDINARY SHARES EACH TEN SHARES OF WHICH ARE REPRESENTED BY AN
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Grupo Financiero Galicia S.A. operates as the holding company for Banco de Galicia y Buenos Aires S.A. (bank) and its subsidiaries. The bank offers various commercial banking products and services to corporations, medium- and small-sized companies, and individuals in Argentina. Its services include personal and corporate loans, deposit-taking, credit and debit cards, residential mortgage loans, fiduciary and custodial services, and electronic banking. The bank provides checking and savings accounts, foreign exchange brokerage, and payroll direct deposit, as well as offers certificates of deposit, mutual funds, investment banking, insurance distribution, and asset management services. It also provides credit for the acquisition of consumer goods and housing through personal loans, residential mortgages, pledge, and credit card loans. In addition, the bank offers private-banking and advisory services to medium- and high-net worth individuals; and manages collective investment portfolios, as well as provides international financing, foreign trade, and factoring services. As of December 31, 2004, it operated 223 branches, 563 automated teller machines, and 522 self-service terminals along with other electronic banking facilities, such as phone banking and e-banking. The company was founded in 1905 and is based in Buenos Aires, Argentina.