Overview
GFG
Grupo Financiero Galicia (GFG) is a financial services holding company with banking and insurance operations in Argentina. The company's largest asset is a 100% stake in Banco Galicia, which has more than 250 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
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Read More 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.
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Read More 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.
Read Less
Eduardo José Escasany
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Management of Companies and Enterprises
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Investment holding companies, except banks
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Actual
$7.53 billion
Actual
3.44%
121.28%
$32.52 million
DEC
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Buenos Aires:GGAL
Contacts
Get in Touch with 14 Principals*
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Eduardo José EscasanyPresident
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$7.53 billion
USD
Actual
1 USD = 1,008.0644 ARS
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $3,475 | $3,602 | $3,876 |
| Net Investing Cash | $858 | -$177 | -$126 |
| Net Financing Cash | $410 | -$496 | $181 |
| Net Change in Cash | $4,743 | $2,929 | $3,932 |
| Cash at Beginning of Period | $7,058 | $8,925 | $8,412 |
| Cash at End of Period | $7,347 | $7,058 | $8,925 |
| Capital Expenditure | -$213 | -$160 | -$125 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $6,691 | $4,312 | $1,383 |
| Accounts Receivable | $471 | $387 | $173 |
| Inventories | $ | $ | $ |
| Other Current Assets | $ | $ | $ |
| Asset Summary | |||
| Total Current Assets | $ | $ | $ |
| Tangible Fixed Assets | $988 | $767 | $358 |
| Intangible Assets | $302 | $267 | $119 |
| Total Assets | $32,517,979 | $22,246,858 | $10,488,176 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $234 | $312 | $139 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long-Term Debt | $1,703 | $942 | $464 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $26,243 | $17,711 | $8,524 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $2 | $1 | $1 |
| Retained Earnings | $419 | -$467 | -$390 |
| Equity Summary | |||
| Total Equity | $6,015 | $4,357 | $1,881 |
| Shares Outstanding | 1,593,110,474 | 1,478,888,638 | 1,478,888,638 |