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Grupo Financiero Galicia S.A. · Buenos Aires Argentina ·(NASDAQ (CM): GGAL)(Buenos Aires: GGAL)

Company Description

Teniente General Juan D. Perón 456, Piso 2
Buenos Aires
1038
Argentina (Map)
Phone: +54-11-4343-7528

    Grupo Financiero Galicia (GFG) is a financial services holding company with banking and insurance operations in Argentina. The company's largest asset is a 95% stake in Banco Galicia, which has more than 200 branches and is one of Argentina's top three private banks. GFG was formed in 1999 to expand the bank's other businesses, including insurance and credit cards, beyond the limits imposed by Argentine banking regulations. Non-banking businesses include the majority-owned Sudamericana Holding, which has insurance subsidiaries dealing in life, property, and other coverage. The Ayerza, Braun, and Escasany families control GFG. To read the full description, subscribe now.

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    Key Grupo Financiero Galicia S.A. Financials

    Company TypePublic - NASDAQ (CM): GGAL - Buenos Aires: GGAL

    Headquarters
    Fiscal Year-EndDecember
    2008 Sales (mil.)$928.5
    2008 Employees9,408

    Grupo Financiero Galicia S.A. Executives

    10 executives listed for Grupo Financiero Galicia S.A.'s Buenos Aires,  location.
    TitleName & BioContact
    Chairman and CEOAntonio GarcésNetwork
    Vice ChairmanFrederico BraunNetwork
    Chief Accounting OfficerJosé GentileNetwork

    Competition

    Competitive Landscape for Grupo Financiero Galicia S.A.
    Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.
    Top Grupo Financiero Galicia S.A. Competitors
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