| Grupo Financiero Galicia S.A. operates as the holding company for Banco de Galicia y Buenos Aires S.A. (bank), which provides a variety of banking products and services to large corporations, medium-and small-sized companies, and individuals. The bank offers various services, including personal and corporate loans, deposit-taking, credit and debit cards, residential mortgage loans, fiduciary and custodial services, and electronic banking. It also provides checking and savings accounts, foreign exchange brokerage, certificates of deposit, mutual funds, and insurance products and payroll direct deposit. In addition, the bank offers credit for the acquisition of consumer goods and housing through personal loans, residential mortgages, pledge, and credit card loans. It also offers private-banking and advisory services to medium-and high-net worth individuals; manages collective investment portfolios; and offers investment banking, insurance distribution, and asset management services. Further, it provides international financing services, foreign trade services, and factoring services. As of December 31, 2003, it offered services through 226 service branches, 555 automated teller machines, and 524 self-service terminals in Argentina. The company was formed in 1999 and is based in Buenos Aires, Argentina. |
