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Home > Company Index > Banking > Banking - Latin America, Middle East & Africa > Banco de Galicia y Buenos Aires S.A.

Banco de Galicia y Buenos Aires S.A.
Nasdaq: BGALY
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 PROFILE
Banco de Galicia y Buenos Aires is Argentina's largest private bank. Through more than 270 offices, the bank offers loans to businesses (about 40% of its portfolio) and individuals. It also provides consumer, corporate, and investment banking; insurance; risk management; and credit and debit cards. Banco de Galicia y Buenos Aires is expanding; it bought stakes in Brazil's Banco Barclays and several credit card companies and is opening post office branches. The bank has a subsidiary in Uruguay and offices in other South American countries, New York, the Cayman Islands, and the UK. Holding company Grupo Financiero Galicia, controlled by the Escasany, Ayerza, and Braun families, owns nearly 93% of the bank.

 COMPETITION
BBVA Banco Francés S.A. (BFR)
Banco Rio de la Plata S.A. (BRS)
Banco de la Nación Argentina (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 1,727.60
1-Yr. Sales Growth: 4.2%
Employees: 6,252
Revenue per employee: $276,327.58

 KEY PEOPLE
• Eduardo J. Escasany
    CEO
• Sergio Grinenco
    CFO

 CONTACT INFO
Tte. Gral Juan D. Peron 407
1038 Buenos Aires, Argentina
Phone: 54-11-4329-6000
Fax: 54-11-4329-6100
Online: Web Site

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