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Last $1.90 USD
Change Today 0.00 / 0.00%
Volume 0.0
GGABF On Other Exchanges
Symbol
Exchange
OTC US
NASDAQ CM
Berlin
As of 4:30 PM 06/22/15 All times are local (Market data is delayed by at least 15 minutes).

grupo financiero galicia-b (GGABF) Snapshot

Open
--
Previous Close
$1.90
Day High
--
Day Low
--
52 Week High
06/22/15 - $1.90
52 Week Low
11/19/14 - $1.45
Market Cap
3.6B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
1.0B
EX-Date
05/19/15
P/E TM
--
Dividend
$0.08
Dividend Yield
0.45%
Current Stock Chart for GRUPO FINANCIERO GALICIA-B (GGABF)

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grupo financiero galicia-b (GGABF) Details

Grupo Financiero Galicia S.A. operates as a financial services holding company in Argentina. The company operates through Banking, Regional Credit Cards, CFA Personal Loans, and Insurance segments. It offers financial products and services to large corporations, small and medium-sized companies, and individuals, including wholesale banking services; financial support and cash management services; foreign trade; corporate debt and securitization transactions; and e-solutions to various agencies, municipalities, and universities. The company also provides personal, consumer, and payroll loans, as well as loans to public sector employees; time deposits; checking and savings accounts, credit and debit cards, payroll direct deposits, and other services; insurance; and retirement and pension payments. In addition, it offers mutual funds and brokerage services; insurance brokerage services; manages positions in foreign currency and government securities; and enables customers to buy and sell securities on the Buenos Aires Stock Exchange, as well as acts as an intermediary and distributes financial instruments for institutional investors, corporate customers, and individuals. Further, the company provides life insurance products, such as employee benefit plans and credit related insurance; and property and casualty insurance products comprising home and ATM theft insurance. As of December 31, 2014, it operated 261 full service banking branches; and 1,684 ATMs and self-service terminals. The company was founded in 1905 and is headquartered in Buenos Aires, Argentina.

Founded in 1905

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grupo financiero galicia-b (GGABF) Key Developments

Grupo Financiero Galicia S.A. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Grupo Financiero Galicia S.A. announced consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported ARS 949 million, or ARS 0.73 per share compared to ARS 693 million, or ARS 0.53 per share for the same quarter ended June 30, 2014. Income from insurance activities was ARS 429 million compared to ARS 302 million for the same quarter ended June 30, 2014. Net other income was ARS 166 million, compared to ARS 127 million for the same quarter ended June 30, 2014. For the six months, the company reported financial income of ARS 11,388,257,000 compared to ARS 9,999,879,000 a year ago. Net income before income tax was ARS 3,116,220,000 compared to ARS 2,485,728,000 a year ago. Net income for the period was ARS 1,906,807,000 or ARS 1.4665 per basic and diluted share compared to ARS 1,523,945,000 or ARS 1.1720 per basic and diluted share a year ago. Net cash flow provided by operating activities was ARS 701,208,000 compared to ARS 4,116,494,000 a year ago. Net operating income was ARS 9,051,042,000 compared to ARS 7,308,689,000 a year ago. Operating income was ARS 2,130,469,000 compared to ARS 1,717,091,000 a year ago.

Grupo Financiero Galicia S.A. Issues Class VII Notes in an Aggregate Principal Amount of Up to USD 160,000,000

Grupo Financiero Galicia S.A. announced that in relation to with the Class VII notes in an aggregate principal amount of up to USD 160,000,000 (extendible up to USD 200,000,000), under the Global Program of short, mid-and/or long-term notes, non-convertible into shares for a maximum outstanding face value of up to USD 100,000,000 (or the equivalent thereof in other currencies). Accordingly, the company informed that after the finalization of the Subscription Period, it has been determined the issuance of Negotiable Obligations Class VII amounting a global face value of up to USD 160,000,000. The notes were issued with the following terms and conditions: Principal Amount: USD 160,000,000. Issuance Date: July 27, 2015. Rate: Fixed rate of 27% from the issuance date up to the nine-month anniversary thereof inclusive and Badlar + 4.25% thereafter. Maturity Date: July 27, 2017. Payment of Principal: The aggregate principal amount of Class VII Notes shall be paid in one lump sum on April 27, 2017. Payment of Interest: Interest on the Class VII Notes shall be payable on October 27, 2015; January 27, 2016; April 27, 2016; July 27, 2016; October 27, 2016; January 27, 2017; April 27, 2017 and July 27, 2017. Term: 1.62 years. Apportionment factor: 40.9302%.

Grupo Financiero Galicia S.A. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Grupo Financiero Galicia S.A. reported consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company's financial income was ARS 5,569,379,000 compared to ARS 5,055,430,000 a year ago. Net income before income tax was ARS 1,624,009,000 compared to ARS 1,388,532,000 a year ago. Net cash flow used in operating activities was ARS 4,249,880,000 compared to net cash provided by operating activities of ARS 2,210,978,000 a year ago. Payments for bank premises and equipment, net was ARS 73,985,000 compared to ARS 34,905,000 a year ago. Payments for miscellaneous assets, net was ARS 93,699,000 compared to ARS 15,025,000 a year ago.

 

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Price/Cash Flow 7.1x
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