GRUPO FINANCIERO GALICIA SA Business Summary

Grupo Financiero Galicia SA (GGAL) operates as the largest private domestic financial holding company in Argentina, generating revenue through a diversified mix of net interest income from lending, transaction-based fees from credit card services, and insurance premiums. The company’s primary business segments include Banking, anchored by its flagship subsidiary Banco Galicia; Ecosistema Naranja X, a leading digital banking and consumer finance platform; and Galicia Seguros, which provides life and property insurance. Following the strategic acquisition of HSBC Argentina in early 2026, the group significantly expanded its market share in loans and deposits, reinforcing its dominant position in the SME and retail sectors. GGAL competes directly with major private institutions such as Banco Santander Argentina, BBVA Argentina, and Banco Macro, maintaining a competitive edge through its integrated financial ecosystem and a robust digital transformation initiative known as 'Galicia 4.0'. Leadership is spearheaded by Group CEO Fabián Kon, a seasoned executive with an extensive background in accounting and retail banking who has led the holding company since 2020. The operational management of the core banking unit is directed by Diego H. Rivas, who was appointed CEO of Banco Galicia in late 2025 after a 30-year tenure within the group, including roles as CFO and Chief Risk Officer. Financial strategy is managed by CFO Gonzalo Fernández Covaro, formerly of HSBC Argentina, who joined the executive team in early 2025. The company remains under the long-term control of its founding families—the Escasany, Ayerza, and Braun families—who exercise authority through EBA Holding. Eduardo J. Escasany continues to serve as Chairman of the Board, ensuring continuity for the institution originally established in 1905.