Exhibit 99.1

FOR IMMEDIATE RELEASE

For more information contact:

Pedro A. Richards

Chief Executive Officer

Telefax: (5411) 4343-7528

investors@gfgsa.com

www.gfgsa.com

GRUPO FINANCIERO GALICIA S.A. REPORTS FINANCIAL RESULTS FOR THE

QUARTER THAT ENDED ON SEPTEMBER 30, 2016

Buenos Aires, Argentina, November 9, 2016 – Grupo Financiero Galicia S.A. (“Grupo Financiero Galicia”; Buenos Aires Stock Exchange: GGAL /NASDAQ: GGAL) today announced its financial results for the quarter that ended on September 30, 2016 (or “the quarter”).

HIGHLIGHTS

• Net income for the quarter that ended on September 30, 2016, amounted to Ps.1,523 million, 28.3% higher than the Ps.1,187 million profit recorded in the third quarter of the 2015 fiscal year. The profit per share for the quarter amounted to Ps.1.17, compared to Ps.0.91 per share for the same quarter of the 2015 fiscal year.

• The results of the quarter were mainly attributable to the income derived from Grupo Financiero Galicia’s interest in Banco de Galicia y Buenos Aires S.A. (“Banco Galicia” or the “Bank”), for Ps.1,243 million, in Sudamericana Holding S.A., for Ps.176 million, and in Galicia Administradora de Fondos S.A., for Ps.57 million, and the deferred tax adjustment, for $82 million, partially offset by administrative and financial expenses of Ps.49 million.

• As of September 30, 2016, Grupo Financiero Galicia and its subsidiaries had a staff of 12,074 employees, a distribution network of 662 branches and other points of contact with clients and managed 4.0 million deposit accounts and 14.9 million credit cards.

CONFERENCE CALL

On Thursday, November 10, 2016 at 11:00 A.M. Eastern Standard Time (1:00 P.M. Buenos Aires Time), Grupo Financiero Galicia will host a conference call to review these results. The call-in number is: 719-234-0008 - Conference ID: 8926609.

GRUPO FINANCIERO GALICIA S.A.

RESULTS FOR THE THIRD QUARTER

	In millions of pesos, except percentages
Table I:				FY2016			FY2015			Variation (%) *
Net Income by Business	3rd Q			2nd Q			3rd Q			3Q16 vs 2Q16			3Q16 vs 3Q15
Income from Equity Investments in:
Banco de Galicia y Buenos Aires S.A.		1,243			1,153			1,107			7.8			12.3
Sudamericana Holding S.A.		176			193			80			(8.8	)		120.0
Galicia Administradora de Fondos S.A.		57			34			27			67.6			111.1
Other companies (1)		15			8			17			87.5			(11.8	)
Deferred tax adjustment (2)		82			41			(4	)		100.0			(2150.0	)
Administrative Expenses		(18	)		(17	)		(10	)		5.9			80.0
Financial Results		(31	)		(33	)		(27	)		(6.1	)		14.8
Other income and expenses		(1	)		(4	)		(3	)		(75.0	)		(66.7	)
Net Income		1,523			1,375			1,187			10.8			28.3

* Calculated using values in millions with decimals.

(1) Includes results from our interests in Compañía Financiera Argentina S.A. (3%), Galicia Warrants S.A. (87.5%) and Net Investment S.A. (87.5%).

(2) Income tax charge determined by Banco Galicia´s subsidiaries in accordance with the deferred tax method.

	In pesos, except stated otherwise and percentages
Table II:	FY2016		FY2015		Nine months Ended
Principal Indicators	3rd Q		3rd Q		09/30/16		09/30/15
Earnings per Share
Average Shares Outstanding (in thousands)		1,300,265		1,300,265		1,300,265		1,300,265
Earnings per Share (1)		1.17		0.91		3.27		2.38
Book Value per Share(1)		14.29		10.18		14.29		10.18
Closing Price
Shares - Buenos Aires Stock Exchange		47.00		24.85
ADS - Nasdaq (in dollars)		31.11		17.82
Price/Book Value		3.29		2.44
Average Daily Volume (amounts in thousands)
Buenos Aires Stock Exchange		393		713		490		767
Nasdaq (2)		2,205		3,848		3,008		4,324
Profitability (%)
Return on Average Assets (3)		3.54		4.12		3.44		3.82
Return on Average Shareholders’ Equity (3)		34.27		37.61		34.48		35.34

(1) 10 ordinary shares = 1 ADS.

(2) Expressed in equivalent shares.

(3) Annualized.

In the third quarter of the 2016 fiscal year, Grupo Financiero Galicia recorded a Ps.1,523 million profit, which represented a 3.54% annualized return on average assets and a 34,27% return on average shareholder’s equity.

This result was mainly due to profits from its interest in Banco Galicia, for Ps.1,243 million, which, including a deferred tax adjustment corresponding to its subsidiaries for Ps.82 million, accounts for 87.0% of Grupo Financiero Galicia’s net income.

2

Grupo Financiero Galicia S.A. – Selected Financial Information – Consolidated Data

	In millions of pesos
							FY2016						FY2015
	3rd Q			2nd Q			1st Q			4th Q			3rd Q
Consolidated Balance Sheet
Cash and due from Banks		28,312			28,439			19,912			30,835			17,472
Government and Corporate Securities		23,354			29,804			30,116			15,525			17,064
Net Loans		118,959			109,334			103,245			98,345			82,838
Other Receivables Resulting from Financial Brokerage		16,440			21,752			16,334			8,061			10,834
Equity Investments in other Companies		52			51			51			52			52
Bank Premises and Equipment. Miscellaneous and Intangible Assets		6,131			5,623			5,137			4,925			4,727
Other Assets		4,754			4,847			5,644			4,005			3,555
Total Assets		198,002			199,850			180,439			161,748			136,542
Deposits		117,408			118,114			107,857			100,039			82,421
Other Liabilities Resulting from Financial Brokerage		50,504			53,954			46,112			37,329			32,672
Subordinated Notes		3,837			3,881			3,653			3,301			2,302
Other Liabilities		6,343			5,619			5,773			5,487			4,915
Minority Interest		1,329			1,224			1,211			1,107			992
Total Liabilities		179,421			182,792			164,606			147,263			123,302
Shareholders’ Equity		18,581			17,058			15,833			14,485			13,240
Consolidated Income Statement
Financial Income		9,216			9,097			8,793			8,009			6,446
Financial Expenses		(5,186	)		(5,408	)		(5,130	)		(4,092	)		(3,343	)
Gross Brokerage Margin		4,030			3,689			3,663			3,917			3,103
Provisions for Loan Losses		(881	)		(723	)		(618	)		(691	)		(448	)
Income from Services, Net		2,927			2,465			2,185			2,170			2,036
Income from Insurance Activities		611			645			581			533			447
Administrative Expenses		(4,552	)		(4,238	)		(3,774	)		(3,741	)		(3,317	)
Minority Interest		(105	)		(61	)		(104	)		(116	)		(101	)
Income from Equity Investments		2			74			2			1			47
Net Other Income		346			271			187			27			156
Income Tax		(855	)		(747	)		(774	)		(856	)		(736	)
Net Income		1,523			1,375			1,348			1,244			1,187

3

Grupo Financiero Galicia S.A. – Additional Information

					FY2016				FY2015
	3rd Q		2nd Q		1st Q		4th Q		3rd Q
Physical Data (Number of)
Employees		12,074		12,149		12,231		12,131		12,153
Banco Galicia		5,781		5,679		5,686		5,573		5,522
Regional Credit-Card Companies		4,688		4,893		5,014		5,040		5,072
Compañía Financiera Argentina		1,189		1,184		1,152		1,161		1,205
Sudamericana Holding		365		340		326		307		303
Galicia Administradora de Fondos		18		18		18		17		17
Other companies		33		35		35		33		34
Branches		536		529		526		525		525
Bank Branches		269		263		261		260		260
Regional Credit-Card Companies		210		209		208		207		207
Compañía Financiera Argentina		57		57		57		58		58
Other Points of Sale		126		126		127		126		126
Regional Credit-Card Companies		89		89		90		90		90
Compañía Financiera Argentina		37		37		37		36		36
Deposit Accounts (in thousands)		3,990		3,904		3,701		3,593		3,394
Credit Cards (in thousands)		14,871		14,252		13,852		13,563		13,097
Banco Galicia		3,637		3,680		3,575		3,430		3,232
Regional Credit-Card Companies		11,063		10,402		10,107		9,974		9,717
Compañía Financiera Argentina		171		170		170		159		148
Inflation and Exchange Rates
Retail Price Index (%) (1)		2.74		15.51		11.86		7.75		3.73
Wholesale Price Index (I.P.I.M.) (%) (1)		3.52		8.20		17.20		N/A		4.28
C.E.R. Coefficient (%) (1)		7.37		9.54		10.49		4.14		3.49
Exchange Rate (Pesos per US$) (2)		15.2633		14.9200		14.5817		13.0050		9.4192
Rates
Badlar (3) (quarterly averages)		24.60		30.22		27.48		24.09		20.97
Credit Line for Investment Projects (established by regulations)		22.00		22.00		22.00		18.00		18.00

(1) Variation within the quarter. Variation of IPC made using the IPC of the Autonomous City of Buenos Aires since November 2015, alternatively supplied by the INDEC. IPIM: no data was published from October 2015 to December 2015; figures were published again beginning in January 2016.

(2) Reference foreign currency exchange rate in accordance to Communiqué “A” 3500 from the Argentine Central Bank, as of the last working day of the quarter.

(3) Private banks’ 30-day time deposits rate for amounts over Ps.1 million.

4

BANCO DE GALICIA Y BUENOS AIRES S.A.

HIGHLIGHTS

• Net income for the third quarter amounted to Ps.1,243 million, Ps.136 million (12.3%) higher than in the same quarter of the 2015 fiscal year, reaching Ps.3,542 million during the first nine months of the 2016 fiscal year, increasing Ps.676 million (23.6%) as compared to the same period of 2015.

• The growth in results when compared to the third quarter of the 2015 fiscal year was mainly due to the 32.5% growth in operating income⁽¹⁾ partially offset by a 36.9% increase in administrative expenses and a 96.7% increase in provisions for loan losses.

• The credit exposure to the private sector reached Ps.136,466 million, up 42.1% during the last twelve months, and deposits reached Ps.117.787 million, up 42.6% during the same period. As of September 30, 2016, the Bank’s estimated market share of loans to the private sector was 9.73% while its estimated market share of deposits from the private sector was 9.25%.

• As of the end of the quarter, shareholders’ equity amounted to Ps.17,354 million, and the computable capital was Ps.20,343 million, representing a Ps.6,957 million (or 52.0%) excess over the capital requirement, and reaching a 12.5% capital ratio.

INFORMATION DISCLOSURE

The data shown in the tables below and the consolidated financial statements correspond to Banco Galicia, consolidated with the subsidiaries under its direct or indirect control, except where otherwise noted.

The Bank’s consolidated financial statements and the figures included in the different tables of this report correspond to Banco Galicia, Banco Galicia Uruguay S.A. (in liquidation)*. Tarjetas Regionales S.A. and its subsidiaries, Tarjetas del Mar S.A., Galicia Valores S.A., Compañía Financiera Argentina S.A. and Cobranzas y Servicios S.A.

(1) Net financial income plus net income from services.

* At the Extraordinary Shareholder’s Meeting of Banco Galicia Uruguay S.A. (in liquidation) held on April 30, 2016, the Shareholders decided to approve the Final Special Balance Sheet and to start the registration process in order to cancel the company legal status before the Uruguayan authorities.

5

RESULTS FOR THE THIRD QUARTER

	In millions of pesos, except percentages
Table III Evolution of Consolidated Results				FY2016			FY2015			Variation (%)
	3rd Q			2nd Q			3rd Q			3Q16 vs 2Q16			3Q16 vs 3Q15
Net Financial Income		3,954			3,626			3,075			9.0			28.6
Net Income from Services		3,071			2,671			2,227			15.0			37.9
Provisions for Loan Losses		(881	)		(723	)		(448	)		21.9			96.7
Administrative Expenses		(4,385	)		(4,082	)		(3,204	)		7.4			36.9
Operating Income		1,759			1,492			1,650			17.9			6.6
Net Other Income / (Loss)*		297			326			113			(8.9	)		162.8
Income Tax		(813	)		(665	)		(656	)		22.3			23.9
Net Income		1,243			1,153			1,107			7.8			12.3

* Includes income from equity investments and minority interest results.

	Percentages
Table IV	FY2016		FY2015		Nine months Ended
Profitability and Efficiency	3rd Q		3rd Q		09/30/16		09/30/15
Return on Average Assets *		2.90		3.88		2.89		3.59
Return on Average Shareholders’ Equity *		29.60		36.31		30.33		33.96
Financial Margin * (1)		11.93		12.50		11.46		12.43
Net Income from Services as a % of Operating Income (2)		43.72		42.00		42.13		42.50
Net Income from Services as a % of Administrative Expenses		70.03		69.51		67.11		70.71
Administrative Expenses as a % of Operating Income (2)		62.42		60.43		62.77		60.11

* Annualized.

(1) Financial Margin: Financial Income minus Financial Expenses, divided by Average Interest-earning Assets.

(2) Operating Income: Net Financial Income plus Net Income from Services.

In the third quarter of the 2016 fiscal year, the Bank recorded a Ps.1,243 million profit, which was Ps.136 million (or 12.3%) higher than the Ps.1,107 million profit recorded for the same quarter of the previous year.

The variation in net income was a consequence of the Ps.1,723 million increase in operating income, which was mainly offset by the Ps.1,181 million increase in administrative expenses and of Ps.433 million in provisions for loan losses.

The operating income for the third quarter of the 2016 fiscal year totaled Ps.7,025 million, up 32.5% from the Ps.5,302 million recorded in the same quarter of the prior year. This positive development was due to both a higher net financial income (up Ps.879 million or 28.6%) and a higher net income from services (up Ps.844 million or 37.9%).

The net financial income for the quarter included a Ps.42 million profit from foreign-currency quotation differences (including the results from foreign-currency forward transactions), compared to a Ps.73 million profit in the third quarter of the previous fiscal year. The quarter’s profit was composed of a Ps.275 million gain from FX brokerage and of a Ps.233 million loss from the valuation of the foreign-currency net position and the results of foreign-currency forward transactions, compared to a Ps.75 million profit and a Ps.2 million loss, respectively, in the third quarter of the 2015 fiscal year.

The quarter’s net financial income before foreign-currency quotation differences amounted to Ps.3,912 million, which represented a Ps.910 million (30.3%) increase as compared to the Ps.3,002 million income recorded in the same quarter of the 2015 fiscal year, and was mainly due to the increase in the portfolio of loans to the private sector and a higher spread.

6

	Average balances in millions of pesos. Yields and rates in annualized nominal %
Table V Average Balances, Yield and Rates*									FY2016								FY2015
	3rd Q				2nd Q				1st Q				4th Q				3rd Q
	Av. B.		Int.		Av. B.		Int.		Av. B.		Int.		Av. B.		Int.		Av. B.		Int.
Interest-Earning Assets		132,519		26.33		125,855		28.06		131,340		24.30		107,097		26.01		98,417		25.15
Government Securities		17,197		28.09		16,876		30.22		30,172		15.01		14,870		25.78		16,375		25.68
Loans		112,654		26.05		105,723		27.46		98,553		26.94		89,480		25.91		79,835		24.99
Financial Trusts Securities		614		14.97		635		51.89		665		35.03		679		51.32		721		29.39
Other Interest-Earning Assets		2,054		29.89		2,621		32.92		1,950		31.10		2,068		23.85		1,486		26.00
Interest-Bearing Liabilities		104,004		16.44		95,705		19.58		95,037		18.14		74,202		17.42		67,840		16.52
Saving Accounts		29,190		0.13		24,249		0.25		22,011		0.19		17,276		0.22		14,960		0.20
Time Deposits		53,492		24.31		54,115		27.27		55,998		24.97		43,475		23.92		39,849		22.20
Debt Securities		16,777		18.19		13,845		20.60		13,238		18.22		10,601		18.02		10,343		17.75
Other Interest-Bearing Liabilities		4,545		22.09		3,496		30.77		3,790		21.24		2,850		20.32		2,688		18.44

* Does not include foreign-currency quotation differences. Annual nominal interest rates were calculated using a 360-day denominator.

The average interest-earning assets grew Ps.34,102 million (34.7%), as compared to the third quarter of the previous fiscal year, as a consequence of the Ps.32,819 million (41.1%) increase in the average portfolio of loans to the private sector. Interest-bearing liabilities increased Ps.36,164 million (53.3%) during the same period, mainly due to the increase of the average balances of interest bearing deposits for both saving accounts (95.1%), influenced by the growth of dollar-denominated deposits, and time deposits (34.2%).

The average yield on interest-earning assets for the third quarter of the 2016 fiscal year was 26.33%, with a 118 basis point (“bp”) increase compared to the same quarter of the prior year, mainly due to a 241 bp increase in interest rates on the net position of government securities and a 106 bp higher accrued interest rate on the loan portfolio. Likewise, the average cost of interest-bearing liabilities was 16.44%, with an 8 bp decrease compared to the third quarter of the prior year, mainly due to the significant increase in the average balance of dollar-denominated saving accounts (427%), as other average interest rates recorded increases.

	In millions of pesos
Table VI							FY2016						FY2015
Income from Services, Net	3rd Q			2nd Q			1st Q			4th Q			3rd Q
National Cards		1,181			1,093			932			965			831
Regional Credit Cards		1,626			1,426			1,313			1,299			1,198
CFA		97			88			80			102			78
Deposit Accounts		683			599			594			537			511
Insurance		149			147			125			116			120
Financial Fees		45			35			38			34			35
Credit-Related Fees		86			86			57			83			75
Foreign Trade		102			85			78			63			55
Collections		101			91			61			71			69
Utility-Bills Collection Services		66			56			49			49			44
Mutual Funds		17			11			9			10			9
Other		208			177			164			159			154
Total Income		4,361			3,894			3,500			3,488			3,179
Total Expenditures		(1,290	)		(1,223	)		(1,112	)		(1,108	)		(952	)
Income from Services, Net		3,071			2,671			2,388			2,380			2,227

7

Net income from services amounted to Ps.3,071 million, up 37.9% from the Ps.2,227 million recorded in the third quarter of the previous fiscal year. The increases of fees which stood out were those related to national and regional credit cards (38.3%), deposit accounts (33.7%), foreign trade (85.5%) and collections (46.4%).

Provisions for loan losses for the third quarter of the 2016 fiscal year amounted to Ps.881 million, Ps.433 million higher than those recorded in the same quarter of the prior year, mainly in connection with the individuals’ loan portfolio.

Administrative expenses for the quarter totaled Ps.4,385 million, up 36.9% from the same quarter of the previous year. Personnel expenses amounted to Ps.2,383 million, growing 36.4%, mainly as a consequence of salary increase agreements with the unions. The remaining administrative expenses amounted to Ps.2,002 million, with a Ps.545 million (37.4%) increase as compared to the Ps.1,457 million from the third quarter of the 2015 fiscal year, which was mainly due to increases in taxes, cash transportation, advertising and publicity, electricity and communications, security services and rentals, that resulted from an increase in the level of activity and of expenses related to services provided to the Bank.

Income from equity investments for the quarter amounted to Ps.31 million, Ps.30 million lower than in the third quarter of the 2015 fiscal year, mainly as a consequence of the collection of dividends from the Bank’s interest in Prisma Medios de Pago S.A. during the third quarter of 2015, while in 2016 they were collected in the second quarter. This was partially offset by higher profits from Sudamericana Holding S.A.

Net other income for the quarter amounted to Ps.350 million, with an increase of Ps.197 million as compared to the same quarter of the prior year, mainly due to lower net other provisions and higher credits recovered and punitive interests.

The income tax charge was Ps.813 million, Ps.157 million higher than in the third quarter of the 2015 fiscal year.

LEVEL OF ACTIVITY

	In millions of pesos
Table VII					FY2016				FY2015
Exposure to the Private Sector	3rd Q		2nd Q		1st Q		4th Q		3rd Q
Loans		123,219		113,362		107,087		101,902		86,238
Financial Leases		865		848		904		980		1,011
Corporate Securities		815		1,258		1,497		1,471		855
Other Financing *		11,567		11,660		10,681		10,629		7,923
Total Credit		136,466		127,128		120,169		114,982		96,027

* Includes certain accounts under the balance sheet heading Other Receivables from Financial Brokerage, Guarantees Granted and Unused Balances of Loans Granted.

As of September 30, 2016, the Bank’s total exposure to the private sector reached Ps.136,466 million, with an increase of 42.1% from a year before and of 7.3% during the quarter.

Total loans include Ps.27,250 million corresponding to the regional credit card companies, which registered a 42.9% increase during the last twelve months and a 6.9% increase during the quarter. They also include Ps.4,411 million from CFA, which were up 30.4% during the year and 13.4% during the quarter.

8

	Percentages
Table VIII					FY2016				FY2015
Market Share *	3rd Q		2nd Q		1st Q		4th Q		3rd Q
Total Loans		9.30		8.89		9.07		8.91		8.44
Loans to the Private Sector		9.73		9.52		9.74		9.68		9.10

* Banco de Galicia and CFA, within the Argentine financial system, according to the daily information on loans published by the Argentine Central Bank. Loans include only principal. The regional credit-card companies’ data is not included.

The Bank’s market share of loans to the private sector as of September 30, 2016, without considering those granted by the regional credit card companies, was 9.73%, compared to a 9.52% from June 30, 2016, and to a 9.10% from September 30, 2015.

	In millions of pesos
Table IX					FY2016				FY2015
Loans by Type of Borrower	3rd Q		2nd Q		1st Q		4th Q		3rd Q
Large Corporations		21,023		16,483		15,745		13,619		11,278
SMEs		28,115		28,682		28,027		29,022		24,518
Individuals		71,327		66,195		61,438		58,267		49,874
Financial Sector		2,754		2,002		1,877		994		568
Total Loans		123,219		113,362		107,087		101,902		86,238
Allowances		4,265		4,021		3,847		3,560		3,401
Total Loans, Net		118,954		109,341		103,240		98,342		82,837

	In millions of pesos
Table X					FY2016				FY2015
Loans by Sector of Activity	3rd Q		2nd Q		1st Q		4th Q		3rd Q
Financial Sector		2,754		2,002		1,877		994		568
Services		6,159		6,021		5,971		5,797		5,398
Agriculture and Livestock		8,424		9,642		10,635		11,342		8,850
Consumer		71,907		66,860		62,149		59,012		50,160
Retail and Wholesale Trade		11,168		10,133		9,512		8,737		7,817
Construction		1,105		1,046		1,033		1,035		936
Manufacturing		19,701		16,833		14,405		13,029		10,610
Other		2,001		825		1,505		1,956		1,899
Total Loans		123,219		113,362		107,087		101,902		86,238
Allowances		4,265		4,021		3,847		3,560		3,401
Total Loans, Net		118,954		109,341		103,240		98,342		82,837

During the year, loans to the private sector registered growth mainly in those granted to individuals (43.0%), large corporations (86.4%) and SMEs (14.7%). By sector of activity, the higher growth was recorded in the consumer sector (43.4%), the manufacturing sector (85.7%) and the retail and wholesale trade sector (42.9%).

9

	In millions of pesos
Table XI					FY2016				FY2015
Exposure to the Argentine Public Sector *	3rd Q		2nd Q		1st Q		4th Q		3rd Q
Government Securities’ Net Position		17,795		15,825		28,997		16,401		14,758
Lebac / Nobac		12,095		11,752		25,104		12,619		10,770
Other		5,700		4,073		3,893		3,782		3,988
Other Receivables Resulting from Financial Brokerage		769		873		943		960		782
Trust Certificates of Participation and Securities		592		671		684		709		689
Other		177		202		259		251		93
Total Exposure		18,564		16,698		29,940		17,361		15,540

* Excludes deposits with the Argentine Central Bank, which constitute one of the items by which the Bank complies with the Argentine Central Bank’s minimum cash requirement.

As of September 30, 2016, the Bank’s exposure to the public sector amounted to Ps.18,564 million. Excluding debt securities issued by the Argentine Central Bank, said exposure reached Ps.6,469 million (3.3% of total assets), while as of September 30, 2015, it amounted to Ps.4,770 million (3.5% of total assets).

	In millions of pesos
Table XII					FY2016				FY2015
Deposits *	3rd Q		2nd Q		1st Q		4th Q		3rd Q
In Pesos		93,758		97,117		88,990		85,866		75,955
Current Accounts		24,256		24,252		20,685		19,522		19,728
Saving Accounts		20,476		20,434		16,880		18,835		16,657
Time Deposits		47,052		50,444		49,515		46,071		38,389
Other		1,974		1,987		1,910		1,438		1,181
In Foreign Currency		24,029		21,193		19,201		14,403		6,629
Total Deposits		117,787		118,310		108,191		100,269		82,584

* Includes CFA.

At the end of the quarter the Bank’s deposits amounted to Ps.117,787 million, representing a 42.6% increase during the last twelve months, as a consequence of the 23.4% increase of peso-denominated deposits and of 262.5% increase of dollar-denominated deposits. During the quarter, a slight decrease of 0.4% was recorded, with peso-denominated deposits falling 3.5% due to lower time-deposits, and dollar-denominated deposits growing 13.4%

Dollar-denominated deposits amounted to US$1,574 million, increasing 123.6% as compared to the same quarter of 2015 and 10.8% as compared to the second quarter of 2016, together with a 62.0% increase in the quotation of the dollar during the last twelve months.

	Percentages
Table XIII					FY2016				FY2015
Market Share *	3rd Q		2nd Q		1st Q		4th Q		3rd Q
Total Deposits		7.62		7.87		7.73		7.42		7.12
Private Sector Deposits		9.25		9.61		9.37		9.40		8.92

* Banco Galicia and CFA, within the Argentine financial system, according to the daily information on deposits published by the Argentine Central Bank. Deposits and Loans include only principal.

As of September 30, 2016, the Bank’s estimated market share of private sector deposits in the Argentine financial system was 9.25%, compared to 9.61% of the prior quarter and to 8.92% of a year before.

10

	In millions of pesos
Table XIV					FY2016				FY2015
Other Financial Liabilities	3rd Q		2nd Q		1st Q		4th Q		3rd Q
Domestic Financial Institutions and Credit Entities		2,534		2,362		2,176		1,389		1,136
Foreign Financial Institutions and Credit Entities		2,039		1,885		1,423		1,406		1,284
Notes*		16,589		15,304		13,737		12,748		10,362
Obligations in Connection with Spot Transactions Pending Settlement and Repurchase Agreement Transactions		10,024		16,489		9,303		1,059		5,184
Obligations in Connection with Debts with Merchants due to Credit-Card Activities		16,693		15,392		15,223		15,316		11,986
Other		7,030		6,763		8,470		9,075		4,664
Total		54,909		58,195		50,332		40,993		34,616

* Includes subordinated notes.

As of September 30, 2016, other financial liabilities amounted to Ps.54,909 million, Ps.20,293 million or 58.6% higher than the Ps.34,616 million recorded a year before. This growth was mainly due to the increase of: (i) notes, for Ps.6,227 million, related to the evolution of the foreign exchange rate during the period and to transactions of Tarjeta Naranja S.A., Tarjetas Cuyanas S.A., Tarjetas del Mar S.A. and CFA S.A.; (ii) spot and forward transactions of government securities, for Ps.4,840 million; (iii) financing from merchants in connection with credit card activities, for Ps.4,707 million; and (iv) the item “Other”, for Ps.2,366 million, where it is worth noting the higher volume of exports from clients pending settlement together with the evolution of the foreign exchange rate during the period.

As of September 30, 2016, the Bank had 4.0 million deposit accounts, which represent an increase of approximately 596 thousand accounts as compared with the same date of the previous year. Likewise, the number of credit cards reached 14.9 million, 1.8 million more than those managed a year before.

ASSET QUALITY

	In millions of pesos, except percentages
Table XV					FY2016				FY2015
Loan Portfolio Quality	3rd Q		2nd Q		1st Q		4th Q		3rd Q
Non-Accrual Loans *		4,235		3,894		3,552		3,167		3,126
With Preferred Guarantees		106		116		99		106		54
With Other Guarantees		68		84		116		103		118
Without Guarantees		4,061		3,694		3,337		2,958		2,954
Allowance for Loan Losses		4,265		4,021		3,847		3,560		3,401
Non-Accrual Loans to Private-Sector Loans (%)		3.44		3.44		3.32		3.11		3.62
Allowance for Loan Losses to Private-Sector Loans (%)		3.46		3.55		3.59		3.49		3.94
Allowance for Loan Losses to Non-Accrual Loans (%)		100.71		103.26		108.31		112.41		108.80
Non-Accrual Loans with Guarantees to Non-Accrual Loans (%)		4.11		5.14		6.05		6.60		5.50

* The non-accrual portfolio includes loans classified under the following categories of the Argentine Central Bank classification: With Problems and Medium Risk, High Risk of Insolvency and High Risk, Uncollectible and Uncollectible due to Technical Reasons.

The Bank’s non-accrual loan portfolio amounted to Ps.4,235 million as of September 30, 2016, representing 3.44% of total loans to the private-sector, recording an 18 bp improvement as compared to the 3.62% ratio of a year before.

11

The coverage of the non-accrual loan portfolio with allowances for loan losses reached 100.71% as of September 30, 2016, compared to 108.80% of a year before.

In terms of total Credit—defined as loans, certain accounts included in “Other Receivables Resulting from Financial Brokerage” representing credit transactions, assets under financial leases, guarantees granted and unused balances of loans granted—the Bank’s non-accrual portfolio represented 3.13% of total credit to the private-sector, and its coverage with allowances for loan losses reached 101.68%, compared to 3.29% and 109.65% of a year before, respectively.

On an individual basis Banco Galicia’s ratio of non-accrual loans to total loans reached 1.66% as of September 30, 2016, compared to 1.69% in the same quarter of the 2015 fiscal year, and the coverage with allowances for loan losses reached 131.50% and 160.51%, respectively.

	In millions of pesos
Table XVI							FY2016						FY2015
Consolidated Analysis of Loan Loss Experience	3rd Q			2nd Q			1st Q			4th Q			3rd Q
Allowance for Loan Losses at the Beginning of the Quarter		4,021			3,847			3,560			3,401			3,288
Changes in the Allowance for Loan Losses
Provisions Charged to Income		844			702			593			657			437
Provisions Reversed		(45	)		(18	)		—			—			—
Charge Offs		(555	)		(510	)		(306	)		(498	)		(324	)
Allowance for Loan Losses at Quarter End		4,265			4,021			3,847			3,560			3,401
Charge to the Income Statement
Provisions Charged to Income		(844	)		(702	)		(593	)		(657	)		(428	)
Direct Charge Offs		(33	)		(24	)		(18	)		(21	)		(19	)
Bad Debts Recovered		111			85			56			86			74
Provisions Reversed *		45			18			—			—			—
Net Charge to the Income Statement		(721	)		(623	)		(555	)		(592	)		(373	)

* Recorded under “Net Other Income/(Loss)”.

During the quarter, Ps.555 million were charged off against the allowance for loan losses and direct charges to the income statement for Ps.33 million were made.

12

CAPITALIZATION AND LIQUIDITY

	In millions of pesos, except ratios
Table XVII					FY2016				FY2015
Consolidated Regulatory Capital *	3rd Q		2nd Q		1st Q		4th Q		3rd Q
Minimum Capital Required (A)		13,386		12,053		12,457		11,063		8,807
Allocated to Credit Risk		10,036		9,036		9,397		8,369		6,377
Allocated to Market Risk		398		259		477		296		250
Allocated to Operational Risk		2,952		2,758		2,583		2,398		2,180
Computable Capital (B)		20,343		16,144		14,500		14,071		12,674
Tier I		15,213		14,092		12,510		11,732		10,599
Tier II		5,130		2,052		1,990		2,339		1,857
Additional Capital – Market Variation		—		—		—		—		218
Excess over Required Capital (B) - (A) (1)		6,957		4,091		2,043		3,008		3,867
Total Capital Ratio (%) (2)		16.08		14.35		11.75		13.38		15.77
Regulatory Ratio (%) (3)		12.45		10.98		9.52		10.18		11.51

* Through its Communiqué “A” 5831, the Argentine Central Bank established that beginning in December 2015 the capital requirement on credit risk has to be calculated considering the balances as of the last day of each month (previously the balances to be considered were the average balances corresponding to the third month before the determination of the requirement). Regarding computable capital, the one to be considered is that of the same month of the requirement (previously it was that of a month before).

(1) The excess capital covers the 0.25% increase of the additional requirement related to the function of custodian of titles representative of investments of the Fondo de Garantía y Sustentabilidad del Sistema Integrado Previsional Argentino.

(2) Total computable capital / risk weighted assets (credit and market risks).

(3) In accordance with Argentine Central Bank regulations, operational risk is to be considered in order to determine risk weighted assets. The requirement on operational risk is related the evolution of the average of financial income and fee income.

As of September 30, 2016, the Bank’s consolidated computable capital was Ps.6,957 million (52.0%) higher than the Ps.13,386 million capital requirement. As of September 30, 2015, this excess amounted to Ps.3,867 million or 43.9%.

The minimum capital requirement increased Ps.4,579 million, as compared to September 30, 2015, mainly as a result of the higher requirements of: (i) Ps.3,659 million due to the growth of the private-sector loan portfolio and (ii) Ps.772 million on operational risk.

Computable capital increased Ps.7,669 million, as compared to September 30, 2015, mainly as a consequence of a higher Tier I capital, for Ps.4,614 million, due to the higher net income, partially offset by higher deductions, resulting from organization and development expenses. Tier II capital recorded a Ps.3,273 million increase, mainly due to: (i) 100% of the balance of the subordinated notes issued on July 19, 2016, for US$250 million can be considered as computable capital, while the proceeds were used to cancel in advance the subordinated notes due in 2019, of which 24% was considered as computable capital; and (ii) the higher balance of the provision for loan losses on the credit portfolio in normal situation.

	Percentages
Table XVIII					FY2016				FY2015
Liquidity (unconsolidated)	3rd Q		2nd Q		1st Q		4th Q		3rd Q
Liquid Assets * as a percentage of Transactional Deposits		78.23		92.09		91.72		91.51		75.28
Liquid Assets * as a percentage of Total Deposits		41.21		46.48		42.32		42.93		37.05

* Liquid assets include cash and due from banks (including deposits with the Argentine Central Bank and the special escrow accounts with the monetary authority), holdings of Lebac and Nobac (Argentine Central Bank’s bills and notes, respectively), net call money interbank loans, short-term placements with correspondent banks and reverse repurchase agreement transactions with the local market.

As of September 30, 2016, the Bank’s liquid assets represented 78.23% of the Bank’s transactional deposits and 41.21% of its total deposits, as compared to 75.28% and 37.05%, respectively, as of September 30, 2015.

13

BANCO DE GALICIA Y BUENOS AIRES S.A.

SELECTED FINANCIAL INFORMATION - CONSOLIDATED DATA *

	In millions of pesos
					FY2016				FY2015
	3rd Q		2nd Q		1st Q		4th Q		3rd Q
Cash and Due from Banks		28,289		28,427		19,891		30,828		17,466
Government and Corporate Securities		22,266		28,764		29,348		15,045		16,637
Net Loans		118,954		109,341		103,240		98,342		82,837
Other Receivables Resulting from Financial Brokerage		16,835		22,148		16,837		8,248		10,413
Equity Investments in Other Companies		164		177		150		129		104
Bank Premises and Equipment, Miscellaneous and Intangible Assets		6,014		5,510		5,051		4,838		4,648
Other Assets		3,447		3,744		4,641		3,120		2,689
Total Assets		195,969		198,111		179,158		160,550		134,794
Deposits		117,511		118,226		108,008		100,183		82,487
Other Liabilities Resulting from Financial Brokerage		51,072		54,314		46,679		37,692		32,314
Subordinated Notes		3,837		3,881		3,653		3,301		2,302
Other		4,961		4,427		4,702		4,503		3,980
Minority Interests		1,234		1,152		1,158		1,059		946
Total Liabilities		178,615		182,000		164,200		146,738		122,029
Shareholders’ Equity		17,354		16,111		14,958		13,812		12,765
Foreign-Currency Assets and Liabilities
Assets		35,052		33,607		28,853		27,237		16,884
Liabilities		38,370		34,789		32,775		28,051		16,535
Net Forward Purchases/(Sales) of Foreign Currency (1)		4,806		2,785		3,639		3,142		1,621

* Banco de Galicia y Buenos Aires S.A. consolidated with subsidiary companies (Section 33 - Law No. 19,550).

(1) Recorded off-balance sheet.

14

BANCO DE GALICIA Y BUENOS AIRES S.A.:

SELECTED FINANCIAL INFORMATION - CONSOLIDATED DATA *

	In millions of pesos
							FY2016						FY2015
	3rd Q			2nd Q			1st Q			4th Q			3rd Q
FINANCIAL INCOME		9,123			9,003			8,694			7,939			6,393
Interest on Loans to the Financial Sector		104			85			64			42			21
Interest on Overdrafts		809			776			701			573			531
Interest on Promissory Notes		1,398			1,619			1,657			1,525			1,242
Interest on Mortgage Loans		121			133			123			109			96
Interest on Pledge Loans		21			22			23			23			23
Interest on Credit-Card Loans		3,440			3,351			2,950			2,567			2,239
Interest on Financial Leases		70			75			75			71			53
Interest on Other Loans		1,363			1,216			1,081			946			831
Net Income from Government and Corporate Securities		1,430			1,582			1,343			1,166			1,225
Net Income from Options		—			—			—			88			4
Interest on Other Receivables Resulting from Financial Brokerage		5			5			12			(6	)		23
Other		163			(19	)		326			982			43
Quotation Differences on Gold and Foreign Currency		199			158			339			(147	)		62
FINANCIAL EXPENSES		(5,169	)		(5,377	)		(5,105	)		(4,174	)		(3,318	)
Interest on Saving Accounts Deposits		(1	)		(1	)		(1	)		(1	)		(1	)
Interest on Time Deposits		(3,244	)		(3,671	)		(3,468	)		(2,570	)		(2,194	)
Interest on Subordinated Obligations		(152	)		(148	)		(151	)		(108	)		(93	)
Other Interest		(11	)		(20	)		(12	)		(119	)		(22	)
Interest on Interbank Loans Received (Call Money Loans)		(4	)		(11	)		(15	)		(15	)		(8	)
Interest on Other Financing from Financial Entities		(51	)		(38	)		(29	)		(20	)		(18	)
Net Income from Options		(2	)		(3	)		(19	)		—			—
Interest on Other Liabilities Resulting from Financial Brokerage		(796	)		(758	)		(601	)		(466	)		(463	)
Contributions to the Deposit Insurance Fund		(50	)		(50	)		(163	)		(138	)		(128	)
Quotation Differences on Gold and Foreign Currency		—			—			—			(256	)		—
CER Adjustment		(2	)		(1	)		—			—			—
Other		(856	)		(676	)		(646	)		(481	)		(391	)
GROSS FINANCIAL MARGIN		3,954			3,626			3,589			3,765			3,075
PROVISIONS FOR LOAN LOSSES		(881	)		(723	)		(618	)		(691	)		(448	)
INCOME FROM SERVICES, NET		3,071			2,671			2,388			2,380			2,227
ADMINISTRATIVE EXPENSES		(4,385	)		(4,082	)		(3,647	)		(3,607	)		(3,204	)
Personnel Expenses		(2,383	)		(2,270	)		(2,014	)		(1,963	)		(1,747	)
Directors’ and Syndics’ Fees		(14	)		(14	)		(15	)		(25	)		(27	)
Other Fees		(123	)		(105	)		(83	)		(112	)		(105	)
Advertising and Publicity		(218	)		(200	)		(141	)		(158	)		(141	)
Taxes		(416	)		(391	)		(359	)		(325	)		(286	)
Depreciation of Premises and Equipment		(75	)		(66	)		(60	)		(60	)		(55	)
Amortization of Organization Expenses		(183	)		(187	)		(187	)		(194	)		(158	)
Other Operating Expenses		(556	)		(489	)		(458	)		(427	)		(394	)
Other		(417	)		(360	)		(330	)		(343	)		(291	)
MINORITY INTEREST RESULTS		(84	)		(52	)		(99	)		(113	)		(101	)
INCOME FROM EQUITY INVESTMENTS		31			103			27			24			61
NET OTHER INCOME / (LOSS)		350			275			187			33			153
INCOME TAX		(813	)		(665	)		(681	)		(744	)		(656	)
NET INCOME / (LOSS)		1,243			1,153			1,146			1,047			1,107

* Banco de Galicia y Buenos Aires S.A., consolidated with subsidiary companies (Section 33 – Law No. 19,550).

15

CONSUMER FINANCE BUSINESS – ADDITIONAL INFORMATION

TARJETAS REGIONALES S.A.

The data shown in the following tables correspond to Tarjetas Regionales S.A. consolidated with its subsidiaries (Tarjeta Naranja S.A., Tarjetas Cuyanas S.A., Procesadora Regional S.A. and Cobranzas Regionales S.A.). Figures are stated according to Argentine Central Bank accounting standards.

	In millions of pesos, except percentages
Table XIX Selected Information				FY2016			FY2015			Variation (%)
	3rd Q			2nd Q			3rd Q			3Q16 vs 2Q16			3Q16 vs 3Q15
Total Assets		27,397			25,146			19,487			9.0			40.6
Cash and Due from Banks		532			363			312			46.6			70.5
Loans		24,164			22,716			16,873			6.4			43.2
Total Liabilities		22,353			20,432			15,694			9.4			42.4
Notes		6,647			5,442			4,353			22.1			52.7
Financial Entities		1,997			2,247			1,186			(11.1	)		68.4
Merchants		11,442			10,705			8,471			6.9			35.1
Shareholders’ Equity		5,044			4,714			3,793			7.0			33.0
Net Income		330			211			434			56.4			(24.0	)
Net Financial Income		997			824			645			21.0			54.6
Net Income from Services		1,319			1,104			1,058			19.5			24.7
Provisions for Loan Losses		(414	)		(325	)		(110	)		27.4			276.4
Administrative Expenses		(1,403	)		(1,358	)		(1,032	)		3.3			35.9
Loan Portfolio Quality											Variation (b.p.)
Non-Accrual Loans to Total Loans (%)		6.84			6.39			6.88			45			(4	)
Allowance for Loan Losses to Total Loans (%)		6.62			6.03			6.35			59			27
Allowance for Loan Losses to Non-Accrual Loans (%)		96.72			94.30			92.26			242			446

	Percentages
Table XX	FY2016		FY2015		Nine months Ended
Profitability and Efficiency	3rd Q		3rd Q		09/30/16		09/30/15
Return on Average Assets *		5.26		9.33		5.50		7.95
Return on Average Shareholders’ Equity *		26.99		47.52		27.51		40.83
Financial Margin * (1)		16.11		14.11		15.54		13.63
Net Income from Services as a % of Operating Income (2)		56.95		62.13		56.72		62.30
Net Income from Services as a % of Administrative Expenses		94.01		102.52		90.44		102.12
Administrative Expenses as a % of Operating Income (2)		60.58		60.60		62.72		61.01

* Annualized.

(1) Financial Margin: Financial Income minus Financial Expenses, divided by Average Interest-earning Assets.

(2) Operating Income: Net Financial Income plus Net Income from Services.

16

COMPAÑÍA FINANCIERA ARGENTINA S.A.

	In millions of pesos, except percentages
Table XXI Selected Information				FY2016			FY2015			Variation (%)
	3rd Q			2nd Q			3rd Q			3Q16 vs 2Q16			3Q16 vs 3Q15
Total Assets		4,935			4,371			3,711			12.9			33.0
Cash and Due from Banks		340			220			255			54.5			33.3
Loans		4,099			3,520			3,023			16.4			35.6
Total Liabilities		3,831			3,288			2,502			16.5			53.1
Deposits		1,058			770			932			37.4			13.5
Notes		1,372			1,352			883			1.5			55.4
Financial Entities		662			201			185			229.4			257.8
Shareholders’ Equity		1,104			1,083			1,209			1.9			(8.7	)
Net Income		97			80			30			21.3			223.3
Net Financial Income		357			330			276			8.2			29.3
Net Income from Services		64			61			51			4.9			25.5
Provisions for Loan Losses		(82	)		(70	)		(66	)		17.1			24.2
Administrative Expenses		(304	)		(277	)		(235	)		9.7			29.4
Loan Portfolio Quality											Variation (b.p.)
Non-Accrual Loans to Total Loans (%)		13.28			14.43			17.19			(115	)		(391	)
Allowance for Loan Losses to Total Loans (%)		9.45			11.72			13.35			(227	)		(390	)
Allowance for Loan Losses to Non-Accrual Loans (%)		71.21			81.22			77.67			(1,001	)		(646	)

	Percentages
Table XXII	FY2016		FY2015		Nine months Ended
Profitability and Efficiency	3rd Q		3rd Q		09/30/16		09/30/15
Return on Average Assets *		8.27		3.25		7.23		3.13
Return on Average Shareholders’ Equity *		35.50		9.76		26.37		9.66
Financial Margin * (1)		33.15		31.76		33.49		31.94
Net Income from Services as a % of Operating Income (2)		15.20		15.60		15.18		14.14
Net Income from Services as a % of Administrative Expenses		21.05		21.70		21.82		21.26
Administrative Expenses as a % of Operating Income (2)		72.21		71.87		69.56		66.49

* Annualized.

(1) Financial Margin: Financial Income minus Financial Expenses, divided by Average Interest-earning Assets.

(2) Operating Income: Net Financial Income plus Net Income from Services.

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SUDAMERICANA HOLDING S.A.

INFORMATION DISCLOSURE

The data shown in the tables of this report and the consolidated financial statements correspond to Sudamericana Holding S.A. consolidated with the subsidiaries under its direct or indirect control (Galicia Seguros S.A., Galicia Retiro Compañía de Seguros S.A. and Galicia Broker Asesores de Seguros S.A.).

RESULTS FOR THE QUARTER THAT ENDED ON SEPTEMBER 30, 2016

	In millions of pesos, except percentages
Table XXIII	Quarters ended:									Variation (%)
Selected Information	09/30/16			06/30/16			09/30/15			Quarter			Annual
Assets		2,231			2,225			1,340			0.3	%		66.5	%
Premiums Receivable		549			486			348			13.0	%		57.8	%
Reinsurance Recoverables		4			4			1			0.0	%		300.0	%
Liabilities		1,324			1,169			861			13.3	%		53.8	%
Debt with Insureds		182			177			152			2.8	%		19.7	%
Debt with Reinsurers		6			6			7			0.0	%		(14.3	%)
Debt with Agents and Brokers		109			97			75			12.4	%		45.3	%
Insurance Contract Liabilities		285			274			224			4.0	%		27.2	%
Shareholders’ Equity		907			1,056			479			(14.1	%)		89.4	%
Net Income		200			208			90			(3.8	%)		122.2	%
Earned Premiums		873			840			622			3.9	%		40.4	%
Incurred Claims		(116	)		(104	)		(86	)		11.5	%		34.9	%
Net Investment Income		98			88			43			11.4	%		127.9	%
Commissions and Other		(200	)		(184	)		(216	)		8.7	%		(7.4	%)
Operating Expenses		(255	)		(240	)		(178	)		6.3	%		43.3	%
Annualized Sales		283			249			189			13.7	%		49.7	%

	Percentages
Table XXIX:	Quarters ended:				Nine months ended:
Profitability	09/30/16		09/30/15		09/30/16		09/30/15
Return on Average Assets *		35.99		27.28		42.54		27.35
Return on Average Shareholders’ Equity *		83.52		72.61		88.32		66.68

* Annualized.

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GALICIA ADMINISTRADORA DE FONDOS S.A.

RESULTS FOR THE THIRD QUARTER

	In millions of pesos, except percentages
Table XXV: Selected Information				FY2016			FY2015			Variation (%)
	3rd Q			2nd Q			3rd Q			3Q16 vs 2Q16			3Q16 vs 3Q15
Shareholders’ Equity		138			78			75			76.9			84.0
Net Income		60			36			28			66.7			114.3
Fees and Commissions		98			63			48			55.6			104.2
Administrative Expenses		(9	)		(10	)		(7	)		(10.0	)		28.6
Commercial Expenses		(5	)		(4	)		(3	)		25.0			66.7

	In millions of pesos, except percentages
Table XXVI:	Assets Under Management as of:				Variation
Mutual Funds	09/30/16		09/30/15		Ps.			%
Fima Premium		4,807		4,326		481			11.1
Fima Ahorro Pesos		16,435		4,411		12,024			272.6
Fima Ahorro Plus		10,546		7,139		3,407			47.7
Fima Capital Plus		628		1,728		(1,100	)		(63.7	)
Fima Renta en Pesos		243		57		186			326.3
Fima Renta Plus		248		75		173			230.7
Fima Abierto Pymes		173		193		(20	)		(10.4	)
Fima Acciones		105		66		39			59.1
Fima PB Acciones		284		197		87			44.2
Fima Mix I		607		—		607			100.0
Fima Renta Dólares I		1,865		—		1,865			100.0
Total Assets Under Management		35,941		18,192		17,749			97.6

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RECENT DEVELOPMENTS

BANCO GALICIA

NOTES

On August 22, 2016, the Bank cancelled in advance its subordinated notes due in 2019, for 100% of its nominal value plus accrued interest.

DISTRIBUTION NETWORK

During and after the end of the quarter, the Bank increased its distribution network with the opening of 10 new branches: 6 in the province of Buenos Aires (Laguna del Sol –in Tigre-, Burzaco, Ensenada, Avenida Victorica –in Moreno-, San Miguel Centro and Nordelta), 2 in the province of Santa Fe (Villa Gobernador Galvez and Rosario Peatonal), 1 in the province of Córdoba (Avenida Hipólito Irigoyen) and 1 in the Autonomous City of Buenos Aires (Distrito Galicia).

REGULATORY CHANGES

CREDIT LINE FOR PRODUCTION FINANCING AND FINANCIAL INCLUSION

Through its Communiqué “A”6084”, issued on October 21, the Argentine Central Bank established certain changes regarding the quota for the second tranche of 2016 for the “Credit Line for Production Financing and Financial Inclusion,” as the reduction of tenors for certain eligible credit lines and a lower interest rate equal to 17% for loans granted after October 31 (22% until said date). The Communiqué also established guidelines for the first half of 2017, at the end of which financial institutions must have a balance of financing equivalent to at least 18% (15.5% for the second half of 2016) of deposits of non-financial private sector in pesos, calculated based on the monthly average of daily balances of November 2016. For these purposes, the simple average of the daily balances of existing loans between January 1 and June 30, 2017, will be considered. The credit line has a 17% annual interest rate.

This report is a summary analysis of Grupo Financiero Galicia’s financial condition and results of operations as of and for the periods indicated. For a correct interpretation, this report must be read in conjunction with Grupo Financiero Galicia’s financial statements, as well as with all other material periodically filed with the Argentine National Securities Commission (www.cnv.gob.ar), the Buenos Aires Stock Exchange (www.bolsar.com), the Cordoba Stock Exchange (www.bolsacba.com.ar) and the Nasdaq (www.nasdaq.com). In addition, the Argentine Central Bank (www.bcra.gob.ar) may publish information related to Banco Galicia as of a date subsequent to the last date for which the Bank has published information.

Readers of this report must note that this is a translation made from an original version written and expressed in Spanish. Therefore, any matters of interpretation should be referred to the original version in Spanish.

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