Grupo Financiero Galicia S.A., through its subsidiaries, operates as a financial services holding company. The company’s primary subsidiary, Banco de Galicia y Buenos Aires S.A. (Banco Galicia), operates as a full-service bank in Argentina. The company, through the operating subsidiaries of Tarjetas Regionales S.A. (Tarjetas Regionales), a holding company controlled by Banco Galicia, and Compañía Financiera Argentina (CFA) (of which Banco Galicia owns 97% and the company owns 3%), provides proprietary brand credit cards throughout the ‘Interior’ of the country and consumer finance services throughout Argentina. Through Sudamericana Holding S.A. and its subsidiaries, the company provides insurance products in Argentina. The company directly or indirectly owns other companies providing financial related products. As of December 31, 2014, the company’s distribution network consisted of Banco Galicia, such as 261 branches located in Argentina, 139 of which were owned and 122 of which were rented by Banco Galicia, located in all of Argentina’s 23 provinces; Tarjeta Naranja S.A. (Tarjeta Naranja), such as 214 sales points located in 21 of the 23 Argentine provinces, 163 of which were rented by the company; Tarjetas Cuyanas S.A. (Tarjetas Cuyanas), such as 48 sales points in the provinces of Mendoza, San Juan, San Luis, Santiago del Estero, La Pampa, La Rioja, Catamarca, Neuquen, Rio Negro, Salta, Jujuy and Tucumán, all of which were leased; and CFA, such as 41 branches, 38 mini-branches and 16 payment centers, all of which were leased and with at least 1 branch located in each of Argentina’s provinces. Business Banking Banco Galicia provides, directly or through its subsidiaries, various financial products and services to large corporations, small and medium-sized companies, and individuals. Banco Galicia provides a range of financial services through one of the distribution platforms amongst private-sector financial institutions in Argentina. This distribution platform, as of December 31, 2014, included 1,684 ATMs and self-service terminals owned by Banco Galicia, phone banking and e-banking facilities. Banco Galicia’s customer base included approximately 3 million customers, who were consisted of individuals and who also included approximately 77,000 companies. Banco Galicia’s primary clients are classified into two categories, the Wholesale Banking Division and the Retail Banking Division. The Wholesale Banking division manages and builds the relationships with companies from all economic sectors. Galicia Office, Banco Galicia’s corporate e-banking service, provides a channel to manage the online accounts of corporate customers. Banco Galicia’s capital market activity is focused on corporate debt transactions and, to a lesser extent, on securitization transactions. The Retail Banking Division manages Banco Galicia’s business with individuals from all income brackets, micro and smaller businesses (i.e., those businesses with annual revenues below Ps.70 million) and small retailers and professionals. Retail Banking provides a range of financial products and services, encompassing 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. The Private Banking Division offers professional financial services to individuals with medium- to high- net worth, through the management of their investments and the provision of financial advisory services. Private Banking offers its customers a range of domestic financial investment alternatives, such as deposits, FIMA mutual funds, government and corporate securities, as well as trusts and notes where Banco Galicia acts as an arranger. Through the Regional Credit Card Companies, Tarjetas Regionales operates as a non-bank credit card issuer in Argentina. As of December 31, 2014, Tarjetas Regionales had more than 3 million active accounts, 8.6 million issued credit cards and approximately 230,000 affiliated merchants. In addition, through the Regional Credit Card subsidiaries, Tarjetas Regionales issues, operates an
grupo financiero galicia-adr
Tte. Gral. Juan D. Per n 430
Buenos Aires, 1038
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