Exhibit 99.1

FOR IMMEDIATE RELEASE

For more information contact:

José Luis Ronsini

CFO – Grupo Financiero Galicia S.A.

Telefax: (5411) 4343-7528

Pablo Firvida

Institutional Relations Manager

Tel.: (54-11) 6329-4881

inversores@gfgsa.com

www.gfgsa.com

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

SECOND QUARTER THAT ENDED ON JUNE 30, 2017

Buenos Aires, Argentina, August 8, 2017 – Grupo Financiero Galicia S.A. (“Grupo Financiero Galicia”; Buenos Aires Stock Exchange: GGAL /NASDAQ: GGAL) today announced its financial results for the second quarter that ended on June 30, 2017 (“the quarter”).

HIGHLIGHTS

• Net income for the quarter that ended on June 30, 2017, amounted to Ps.1,835 million, 33.5% higher than the Ps.1,375 million profit recorded in the second quarter of the 2016 fiscal year. The profit per share for the quarter amounted to Ps.1.41, compared to Ps.1.06 per share for the same quarter of the 2016 fiscal year.

• The results of the quarter were mainly attributable to the income derived from Grupo Financiero Galicia’s interests in Banco de Galicia y Buenos Aires S.A. (“Banco Galicia” or the “Bank”), for Ps.1,664 million (+44%), in Sudamericana Holding S.A., for Ps.101 million (-48.0%) and in Galicia Administradora de Fondos S.A., for Ps.98 million (+188%), partially offset by administrative and financial expenses of Ps.33 million.

• As of June 30, 2017, Grupo Financiero Galicia and its subsidiaries had a staff of 11,771 employees, a network of 638 branches and other points of contact with clients and managed 4.3 million deposit accounts and 13.6 million credit cards.

CONFERENCE CALL

On Wednesday, August 9, 2017 at 11:00 A.M. Eastern Standard Time (12:00 PM Buenos Aires Time), Grupo Financiero Galicia will host a conference call to review these results. The call-in number is: 323-794-2094—Conference ID: 2819889.

GRUPO FINANCIERO GALICIA S.A.

RESULTS FOR THE QUARTER

	In millions of pesos, except percentages
Table I: Net Income by Business	FY2017						FY2016			Variation (%)(*)
	2nd Q			1st Q			2nd Q			2Q17 vs 1Q17			2Q17 vs 2Q16
Income from Equity Investments in:
Banco de Galicia y Buenos Aires S.A.		1,664			1,480			1,153			12.4			44.3
Sudamericana Holding S.A.		101			93			193			8.6			(47.7	)
Galicia Administradora de Fondos S.A.		98			85			34			15.3			188.1
Other companies (1)		10			(5	)		8			(300.0	)		25.0
Deferred tax adjustment (2)		(3	)		(4	)		41			(25.0	)		(107.2	)
Administrative Expenses		(20	)		(37	)		(17	)		(45.9	)		17.6
Financial Results		(13	)		(8	)		(33	)		62.5			(60.6	)
Other income and expenses		(2	)		(3	)		(4	)		(33.3	)		(50.0	)
Net Income		1,835			1,601			1,375			14.6			33.5

(*) 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%), and beginning on May 2017 in Galicia Valores S.A. (1%).

(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:	FY2017		FY2016		Six Months Ended
Principal Indicators	2nd Q		2nd Q		06/30/17		06/30/16
Earnings per Share
Average Shares Outstanding (in thousands)		1,300,265		1,300,265		1,300,265		1,300,265
Earnings per Share (1)		1.41		1.06		2.64		2.09
Book Value per Share(1)		18.11		13.12		18.11		13.12
Closing Price
Shares—Buenos Aires Stock Exchange		70.95		46.15
ADS—Nasdaq (in dollars)		42.64		30.54
Price/Book Value		3.92		3.52
Average Daily Volume (amounts in thousands)
Buenos Aires Stock Exchange		549		486		617		540
Nasdaq (2)		3,806		3,653		4,210		3,420
Profitability (%)
Return on Average Assets (3)		3.20		3.33		3.09		3.38
Return on Average Shareholders´ Equity (3)		32.41		33.68		31.35		34.60

(1) 10 ordinary shares = 1 ADS.

(2) Expressed in equivalent shares.

(3) Annualized.

In the second quarter of the 2017 fiscal year, Grupo Financiero Galicia recorded a Ps.1,835 million profit, which represented a 3.20% annualized return on average assets and a 32.41% return on average shareholder’s equity.

This result was mainly due to profits from Grupo Financiero Galicia’s interest in Banco Galicia, for Ps.1,664 million, which represented 90.68% of Grupo Financiero Galicia’s net income.

2

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

	In millions of pesos
	FY2017						FY2016
	2nd Q			1st Q			4th Q			3rd Q			2nd Q
Consolidated Balance Sheet
Cash and due from Banks		33,334			50,221			61,166			28,312			28,439
Government and Corporate Securities		29,717			25,590			13,701			23,354			29,804
Net Loans		159,873			146,443			137,452			118,959			109,334
Other Receivables Resulting from Financial Brokerage		17,486			20,773			18,178			16,440			21,752
Equity Investments in other Companies		45			54			53			52			51
Bank Premises and Equipment, Miscellaneous and Intangible Assets		7,485			7,098			6,678			6,131			5,623
Other Assets		5,233			5,849			5,023			4,754			4,847
Total Assets		253,173			256,028			242,251			198,002			199,850
Deposits		158,152			158,652			151,688			117,408			118,114
Other Liabilities Resulting from Financial Brokerage		57,654			62,480			57,794			50,504			53,954
Subordinated Notes		4,261			3,865			4,065			3,837			3,881
Other Liabilities		7,972			7,520			6,889			6,343			5,619
Minority Interest		1,585			1,558			1,462			1,329			1,224
Total Liabilities		229,624			234,075			221,898			179,421			182,792
Shareholders’ Equity		23,549			21,953			20,353			18,581			17,058
Consolidated Income Statement
Financial Income		10,725			9,988			9,502			9,216			9,097
Financial Expenses		(4,777	)		(5,117	)		(4,515	)		(5,186	)		(5,408	)
Gross Brokerage Margin		5,948			4,871			4,987			4,030			3,689
Provisions for Loan Losses		(1,449	)		(1,157	)		(1,311	)		(881	)		(723	)
Income from Services, Net		3,594			3,461			3,169			2,927			2,465
Income from Insurance Activities		515			525			615			611			645
Administrative Expenses		(5,735	)		(5,131	)		(5,054	)		(4,552	)		(4,238	)
Minority Interest		(95	)		(181	)		(133	)		(105	)		(61	)
Income from Equity Investments		163			6			2			2			74
Net Other Income		(12	)		178			474			346			271
Income Tax		(1,094	)		(971	)		(977	)		(855	)		(747	)
Net Income		1,835			1,601			1,772			1,523			1,375

3

Grupo Financiero Galicia S.A. – Additional Information

	FY2017				FY2016
	2nd Q		1st Q		4th Q		3rd Q		2nd Q
Physical Data (Number of)
Employees		11,771		11,828		11,956		12,074		12,149
Banco Galicia		6,023		5,939		5,799		5,781		5,679
Regional Credit-Card Companies		4,211		4,316		4,571		4,688		4,893
Compañía Financiera Argentina		1,107		1,153		1,164		1,189		1,184
Sudamericana Holding		383		375		374		365		340
Galicia Administradora de Fondos		18		16		16		18		18
Other companies		29		29		32		33		35
Branches		553		549		542		536		529
Bank Branches		279		279		279		269		263
Regional Credit-Card Companies		208		207		206		210		209
Compañía Financiera Argentina		63		63		57		57		57
Other Points of Sale		85		85		120		126		126
Regional Credit-Card Companies		54		54		83		89		89
Compañía Financiera Argentina		31		31		37		37		37
Deposit Accounts (in thousands)		4,284		4,149		4,018		3,990		3,904
Credit Cards (in thousands)		13,564		13,703		14,310		14,525		14,252
Banco Galicia		3,889		3,797		3,675		3,637		3,680
Regional Credit-Card Companies		9,483		9,729		10,459		10,717		10,402
Compañía Financiera Argentina		192		177		176		171		170
Inflation and Exchange Rates
Retail Price Index (%) (1)		5.41		6.26		5.26		3.43		15.51
Wholesale Price Index (I.P.I.M.) (%) (1)		3.33		4.15		2.52		3.52		8.20
C.E.R. Coefficient (%) (1)		7.02		4.64		4.49		7.37		9.54
Exchange Rate (Pesos per U$S) (2)		16.5985		15.3818		15.8502		15.2633		14.9200
Rates
Badlar (quarterly averages) (3)		19.58		19.76		21.07		24.60		30.22
Credit Line for Investment Projects (established by regulations) (4)		17.00		17.00		17.00		22.00		22.00

(1) Variation within the quarter. Variation of IPC made using the IPC of the Autonomous City of Buenos Aires until the 2^nd quarter of 2016, alternatively supplied by the INDEC. Since the 3^rd quarter of 2016 corresponds to the new CPI published by INDEC.

(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) From October 1 until October 31, 2016, the rate was 22%.

4

BANCO DE GALICIA Y BUENOS AIRES S.A.

HIGHLIGHTS

• Net income for the second quarter amounted to Ps.1,664 million, Ps.511 million (44.3%) higher than in the same quarter of the 2016 fiscal year.

• The growth in results when compared to the second quarter of the 2016 fiscal year was mainly attributable to the 51.4% growth in net operating income,⁽¹⁾ due to the higher level of intermediation with the private sector, partially offset by the 100.4% increase in provisions for loan losses and by the 35.5% increase in administrative expenses, due to the higher level of activity and to the evolution of expenses.

• The credit exposure to the private sector reached Ps.182,134 million, up 51.6% during the last twelve months, and deposits reached Ps.158,623 million, up 34.1% during the same period. As of June 30, 2017, the Bank’s estimated market share of loans to the private sector was 10.38% while its estimated market share of deposits from the private sector was 9.51%.

• The non-accrual loan portfolio represented 3.59% of total loans to the private sector, recording an increase of 15 basis points (“bp”) from the 3.44% recorded at the end of the same quarter of fiscal year 2016, while its coverage with allowances for loan losses reached 100.02%, 3.24 percentage points lower than a year before.

• In the framework of the Credit Line for Production Financing and Financial Inclusion, as of June 30, 2017, the Bank granted the mandatory amount established by certain regulations in force. As of the end of the quarter, the outstanding amount of loans granted within the framework of this credit line reached Ps.11,212 million.

• As of the end of the quarter, shareholders’ equity amounted to Ps.22,050 million, and the computable capital was Ps.25,477 million, representing a Ps.7,793 million (or 44.1%) surplus over the capital requirement, and reaching a regulatory capital ratio of 11.80%.

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, 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.

(*) On March 31, 2017, Tarjetas del Mar S.A. was no longer consolidated by Banco Galicia, due to its sale.

5

RESULTS FOR THE QUARTER

	In millions of pesos, except percentages
Table III Evolution of Consolidated Results	FY2017						FY2016			Variation (%)
	2nd Q			1st Q			2nd Q			2Q17 vs 1Q17		2Q17 vs 2Q16
Net Financial Income		5,860			4,800			3,626			22.1		61.6
Net Income from Services		3,673			3,608			2,671			1.8		37.5
Provisions for Loan Losses		(1,449	)		(1,157	)		(723	)		25.2		100.4
Administrative Expenses		(5,533	)		(4,932	)		(4,082	)		12.2		35.5
Operating Income		2,551			2,319			1,492			10.0		71.0
Net Other Income / (Loss)(*)		126			48			326			162.5		(61.3	)
Income Tax		(1,013	)		(887	)		(665	)		14.2		52.3
Net Income		1,664			1,480			1,153			12.4		44.3

(*) Includes income from equity investments and minority interest results.

	Percentages
Table IV	FY2017		FY2016		Six Months Ended
Profitability and Efficiency	2nd Q		2nd Q		06/30/17		06/30/16
Return on Average Assets (*)		2.97		2.81		2.87		2.89
Return on Average Shareholders’ Equity (*)		31.16		29.71		30.55		30.74
Financial Margin (*) (1)		13.47		11.52		12.69		11.22
Net Income from Services as a % of Operating Income (2)		38.53		42.42		40.58		41.22
Net Income from Services as a % of Administrative Expenses		66.38		65.43		69.57		65.45
Administrative Expenses as a % of Operating Income (2)		58.04		64.82		58.33		62.97

(*) 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 second quarter of the 2017 fiscal year, the Bank recorded a Ps.1,664 million profit, which was Ps.511 million (44.3%) higher than the Ps.1,153 million profit recorded for the same quarter of the previous year.

The variation in net income was a consequence of the Ps.3,236 million increase in operating income, which was offset mainly by increases of Ps.1,451 million in administrative expenses, Ps.726 million in provisions for loan losses and Ps.348 million in income tax.

The operating income for the second quarter of the 2017 fiscal year totaled Ps.9,533 million, up 51.4% from the Ps.6,297 million recorded in the same quarter of the prior year. This positive development was due to both a higher net financial income (up Ps.2,234 million or 61.6%) and a higher net income from services (up Ps.1,002 million or 37.5%).

The net financial income for the quarter included a Ps.403 million gain from foreign-currency quotation differences (including the results from foreign-currency forward transactions), compared to a Ps.89 million loss in the second quarter of the previous fiscal year. The quarter’s profit was composed of a Ps.414 million gain from FX brokerage and of a Ps.11 million loss from the valuation of the foreign-currency net position and the results of foreign-currency forward transactions, compared to a Ps.268 million profit and a Ps.357 million loss, respectively, in the second quarter of the 2016 fiscal year.

The quarter’s net financial income before foreign-currency quotation differences amounted to Ps.5,457 million, which represented a Ps.1,742 million (46.9%) increase, as compared to the Ps.3,715 million income recorded the same quarter of the 2016 fiscal year, and was mainly due to the increase in the portfolio of loans to the private sector together with a higher spread.

6

	Average balances in millions of pesos. Yields and rates in annualized nominal %
Table V	FY2017								FY2016
Average Balances, Yield and Rates(*)	2nd Q				1st Q				4th Q				3rd Q				2nd Q
	Av. B.		Int.		Av. B.		Int.		Av. B.		Int.		Av. B.		Int.		Av. B.		Int.
Interest-Earning Assets		174,010		22.85		162,016		22.86		148,022		24.04		132,519		26.33		125,855		28.06
Government Securities		19,417		22.33		16,386		20.14		18,164		20.52		17,197		28.09		16,876		30.22
Loans		150,387		22.85		139,593		23.08		127,732		24.48		112,654		26.05		105,723		27.46
Financial Trusts Securities		368		18.29		452		23.88		532		22.82		614		14.97		635		51.89
Other Interest-Earning Assets		3,838		25.93		5,585		25.14		1,594		29.35		2,054		29.89		2,621		32.92
Interest-Bearing Liabilities		137,869		10.96		128,575		12.03		109,386		13.58		104,004		16.44		95,705		19.58
Current Accounts		1,756		0.10		1,244		—		—		—		—		—		—		—
Saving Accounts		51,760		0.08		42,086		0.10		34,496		0.09		29,190		0.13		24,249		0.25
Time Deposits		58,521		17.66		59,341		18.38		52,338		20.68		53,492		24.31		54,115		27.27
Debt Securities		19,283		19.38		17,131		16.42		16,761		16.87		16,777		18.19		13,845		20.60
Other Interest-Bearing Liabilities		6,549		15.22		8,773		19.50		5,791		20.35		4,545		22.09		3,496		30.77

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

The average interest-earning assets grew by Ps.48,155 million (38.3%) as compared to the second quarter of the previous fiscal year, primarily as a consequence of the Ps.44,664 million increase in the average portfolio of loans to the private sector (42.2%). Interest-bearing liabilities increased Ps.42,164 million (44.1%) during the same period, primarily due to a Ps.27,511 million increase in the average balances of saving deposits (113.5%), mainly due to the Tax Amnesty Law.

The average yield on interest-earning assets for the second quarter of the 2017 fiscal year was 22.85%, with a 521 bp decrease compared to the same quarter of the prior year, mainly due to decreases of 461 bp in interest rate on loans and of 789 bp in interest rate on government securities. Likewise, the average cost of interest-bearing liabilities was 10.96%, with an 862 bp decrease compared to the second quarter of the prior year, mainly due to the decrease in the average interest rate on time deposits, for 961 bp.

	In millions of pesos
Table VI	FY2017						FY2016
Income from Services, Net	2nd Q			1st Q			4th Q			3rd Q			2nd Q
National Cards		1,197			1,370			1,337			1,181			1,093
Regional Credit Cards		1,958			1,808			1,838			1,626			1,426
CFA		108			105			103			97			88
Deposit Accounts		919			804			706			683			599
Insurance		141			155			153			149			147
Financial Fees		45			39			37			45			35
Credit-Related Fees		213			134			145			86			86
Foreign Trade		108			106			92			102			85
Collections		123			113			101			101			91
Utility-Bills Collection Services		89			82			75			66			56
Mutual Funds		30			26			22			17			11
Other		263			249			253			208			177
Total Income		5,194			4,991			4,862			4,361			3,894
Total Expenditures		(1,521	)		(1,383	)		(1,449	)		(1,290	)		(1,223	)
Income from Services, Net		3,673			3,608			3,413			3,071			2,671

7

Net income from services amounted to Ps.3,673 million, up 37.5% from the Ps.2,671 million recorded in the second quarter of the previous fiscal year. The increases in fees which stood out were those related to regional credit cards (37.3%), deposit accounts (53.4%) and credit (147.7%).

Provisions for loan losses for the second quarter of the 2017 fiscal year amounted to Ps.1,449 million, Ps.726 million higher than those recorded in the same quarter of the prior year, due to the evolution of credits in arrears of the consumer portfolio and to higher regulatory provisions on the portfolio in normal situations as a consequence of the increase in the volume of credit.

Administrative expenses for the quarter totaled Ps.5,533 million, up 35.5% from the same quarter of the previous year. Personnel expenses amounted to Ps.2,991 million, growing 31.8%, mainly as a consequence of salary increase agreements with the unions, a provision related to certain compensations and to non-recurring human resources expenses. The remaining administrative expenses amounted to Ps.2,273 million, with a Ps.714 million (45.8%) increase as compared to the Ps.1,558 million from the second quarter of the 2016 fiscal year, which was mainly due to increases in cash transportation, electricity and communications, security services, maintenance and taxes that resulted from an increase in the level of activity and of expenses related to services provided to the Bank.

Net other income for the quarter amounted to Ps.126 million, representing a decrease of Ps.200 million as compared to the same quarter of the prior year.

The income tax charge was Ps.1,013 million, Ps.348 million higher than in the second quarter of the 2016 fiscal year.

LEVEL OF ACTIVITY

	In millions of pesos
Table VII	FY2017				FY2016
Exposure to the Private Sector	2nd Q		1st Q		4th Q		3rd Q		2nd Q
Loans		165,885		151,604		142,158		123,219		113,362
Financial Leases		1,230		987		972		865		848
Corporate Securities		757		658		1,220		815		1,258
Other Financing (*)		14,262		12,489		13,045		11,567		11,660
Total Credit		182,134		165,738		136,466		127,128		120,169

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

As of June 30, 2017, the Bank’s total exposure to the private sector reached Ps.182,134 million, with an increase of 51.6% from a year before and of 9.9% during the quarter.

Total loans include Ps.30,347 million corresponding to the regional credit card companies, which registered a 27.5% increase during the last twelve months and a 3.1% increase during the quarter.^(*) They also include Ps.6,541 million from CFA, which increased 73.9% during the year and 7.6% during the quarter.

	Percentages
Table VIII	FY2017				FY2016
Market Share (*)	2nd Q		1st Q		4th Q		3rd Q		2nd Q
Total Loans		10.14		10.17		9.79		9.16		8.90
Loans to the Private Sector		10.38		10.33		10.12		9.73		9.53

(*) For comparative purposes loans granted by Tarjetas del Mar S.A. were not considered.

(*) 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.

8

The Bank’s market share of loans to the private sector as of June 30, 2017, without considering those granted by the regional credit card companies, was 10.38%, compared to a 10.33% from March 31, 2017, and to a 9.53% from June 30, 2016.

	In millions of pesos
Table IX	FY2017				FY2016
Loans by Type of Borrower	2nd Q		1st Q		4th Q		3rd Q		2nd Q
Large Corporations		32,456		24,641		22,434		21,023		16,483
SMEs		39,140		37,128		34,411		28,115		28,682
Individuals		90,247		84,773		81,978		71,327		66,195
Financial Sector		4,043		5,062		3,335		2,754		2,002
Total Loans		165,886		151,604		142,158		123,219		113,362
Allowances		5,962		5,166		4,707		4,265		4,021
Total Loans, Net		159,924		146,438		137,451		118,954		109,341
	In millions of pesos
Table X	FY2017				FY2016
Loans by Sector of Activity	2nd Q		1st Q		4th Q		3rd Q		2nd Q
Financial Sector		4,043		5,062		3,335		2,754		2,002
Services		10,416		7,884		8,593		6,159		6,021
Agriculture and Livestock		14,442		13,536		11,921		8,424		9,642
Consumer		90,291		84,557		82,730		71,907		66,860
Retail and Wholesale Trade		16,265		13,437		13,140		11,168		10,133
Construction		1,878		1,375		1,177		1,105		1,046
Manufacturing		24,098		22,678		19,452		19,701		16,833
Other		4,453		3,075		1,810		2,001		825
Total Loans		165,886		151,604		142,158		123,219		113,362
Allowances		5,962		5,166		4,707		4,265		4,021
Total Loans, Net		159,924		146,438		137,451		118,954		109,341

During the year, loans to the private sector registered growth mainly in those loans granted to individuals (36.3%), large corporations (96.9%) and to SMEs (36.5%). By sector of activity, the higher growth was recorded in the consumer sector (35.0%), the manufacturing sector (43.2%) and the retail and wholesale trade sector (60.5%).

	In millions of pesos
Table XI	FY2017				FY2016
Exposure to the Argentine Public Sector (*)	2nd Q		1st Q		4th Q		3rd Q		2nd Q
Government Securities’ Net Position		22,133		19,539		15,320		17,795		15,825
Lebac / Nobac		14,539		13,174		10,241		12,095		11,752
Other		7,594		6,365		5,079		5,700		4,073
Other Receivables Resulting from Financial Brokerage		665		653		833		769		873
Trust Certificates of Participation and Securities		330		428		515		592		671
Other		335		225		318		177		202
Total Exposure		22,798		20,192		16,153		18,564		16,698

(*) 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.

9

As of June 30, 2017, the Bank’s exposure to the public sector amounted to Ps.22,776 million, recording a 36.4 % increase during the last twelve months, due to a higher holding of Lebac. Excluding debt securities issued by the Argentine Central Bank, said exposure reached Ps.8,237 million (3.3% of total assets), while as of June 30, 2016, it amounted to Ps.4,9436 million (2.5% of total assets).

	In millions of pesos
Table XII	FY2017				FY2016
Deposits (*)	2nd Q		1st Q		4th Q		3rd Q		2nd Q
In Pesos		110,552		109,702		100,980		93,758		97,117
Current Accounts		29,327		27,461		28,136		24,256		24,252
Saving Accounts		30,514		22,791		26,639		20,476		20,434
Time Deposits		48,748		56,975		43,781		47,052		50,444
Other		1,963		2,475		2,424		1,974		1,987
In Foreign Currency		48,071		49,173		51,067		24,029		21,193
Total Deposits		158,623		158,875		152,047		117,787		118,310

(*) Includes deposits in Banco Galicia and CFA, net of eliminations between said companies. Deposits from the remaining subsidiaries were not eliminated.

As of June 30, 2017, the Bank’s deposits amounted to Ps.158,623 million, representing a 34.1% increase during the last twelve months, as a consequence of the 13.8% increase in peso-denominated deposits and a 126.8% increase in dollar-denominated deposits, mainly due to the Tax Amnesty Law. During the quarter, deposits recorded a decrease of 0.2%—with a growth of 0.8% for peso-denominated deposits and a decrease of 8.8% for dollar-denominated deposits—due to a lower balance of time deposits, which decreased Ps.8,227 million (14.4%), partially offset by a Ps.7,723 million (33.9%) increase in transactional deposits (current accounts and saving accounts).

	Percentages
Table XIII	FY2017				FY2016
Market Share (*)	2nd Q		1st Q		4th Q		3rd Q		2nd Q
Total Deposits		7.69		7.68		7.94		7.62		7.86
Private Sector Deposits		9.51		10.21		9.96		9.26		9.60

(*) 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 June 30, 2017, the Bank’s estimated market share of private sector deposits in the Argentine financial system was 9.51%, compared to 10.21% of the prior quarter and to 9.60% of a year before.

	In millions of pesos
Table XIV Other Financial Liabilities	FY2017				FY2016
	2nd Q		1st Q		4th Q		3rd Q		2nd Q
Domestic Financial Institutions and Credit Entities		3,265		4,818		4,095		2,534		2,362
Foreign Financial Institutions and Credit Entities		2,729		2,195		2,213		2,039		1,885
Note(*)		19,327		18,025		17,339		16,589		15,304
Obligations in Connection with Spot Transactions Pending Settlement and Repurchase Agreement Transactions		9,087		13,727		8,555		10,024		16,489
Obligations in Connection with Debts with Merchants due to Credit-Card Activities		18,681		18,623		20,813		16,693		15,392
Other		8,993		9,063		9,432		7,030		6,763
Total		62,082		66,451		62,447		54,909		58,195

(*) Includes subordinated notes.

10

As of June 30, 2017, other financial liabilities amounted to Ps.62,082 million, Ps.3,887 million or 6.7% higher than the Ps.58,195 million recorded a year before. This growth was mainly due to the increase of: (i) notes, for Ps.4,023, related to transactions of Banco Galicia, Tarjeta Naranja S.A., Tarjetas Cuyanas S.A. and CFA S.A., partially offset by the amortizations made during the last twelve months; and (ii) financing from merchants in connection with credit card activities, for Ps.3,289 million.

As of June 30, 2017, the Bank had 4.3 million deposit accounts, which represented an increase of approximately 380,000 accounts as compared with the same date of the previous year. Likewise, the number of credit cards reached 13.6 million, 688,000 less than those managed a year before, mainly due to the sale of Tarjetas del Mar S.A., which managed 446,000 credit cards as of the end of June 2016.

ASSET QUALITY

	In millions of pesos, except percentages
Table XV	FY2017				FY2016
Loan Portfolio Quality	2nd Q		1st Q		4th Q		3rd Q		2nd Q
Non-Accrual Loans (*)		5,961		5,160		4,704		4,235		3,894
With Preferred Guarantees		106		93		96		106		116
With Other Guarantees		106		99		88		68		84
Without Guarantees		5,749		4,968		4,520		4,061		3,694
Allowance for Loan Losses		5,962		5,166		4,707		4,265		4,021
Non-Accrual Loans to Private-Sector Loans (%)		3.59		3.40		3.31		3.44		3.44
Allowance for Loan Losses to Private-Sector Loans (%)		3.59		3.41		3.31		3.46		3.55
Allowance for Loan Losses to Non-Accrual Loans (%)		100.02		100.12		100.06		100.71		103.26
Non-Accrual Loans with Guarantees to Non-Accrual Loans (%)		3.56		3.72		3.91		4.11		5.14

(*) 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.5,961 million as of June 30, 2017, representing 3.59% of total loans to the private-sector, increasing 15 bp from the 3.44% ratio of a year before.

The coverage of the non-accrual loan portfolio with allowances for loan losses reached 100.02% as of June 30, 2017, compared to 103.26% from 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 3.30% of total credit to the private-sector, and its coverage with allowances for loan losses reached 100.65%, compared to 3.10% and 104.34% of a year before, respectively.

On an individual basis, Banco Galicia’s non-accrual loan portfolio amounted to Ps.2,581 million as of June 30, 2017, increasing 58.6% during the last twelve months, representing 1.99% of total loans to the private-sector, compared to the 1.93% ratio recorded a year before. The coverage with allowances for loan losses reached 112.71%, compared to 120.10% a year before.

	In millions of pesos
Table XVI	FY2017						FY2016
Consolidated Analysis of Loan Loss Experience	2nd Q			1st Q			4th Q			3rd Q			2nd Q
Allowance for Loan Losses at the Beginning of the Quarter		5,166			4,707			4,265			4,021			3,847
Changes in the Allowance for Loan Losses
Provisions Charged to Income		1,354			1,082			1,249			844			702
Provisions Reversed		—			—			(54	)		(45	)		(18	)
Charge Offs		(558	)		(623	)		(753	)		(555	)		(510	)
Allowance for Loan Losses at Quarter End		5,962			5,166			4,707			4,265			4,021
Charge to the Income Statement
Provisions Charged to Income		(1,354	)		(1,082	)		(1,249	)		(844	)		(702	)
Direct Charge Offs		(81	)		(69	)		(50	)		(33	)		(24	)
Bad Debts Recovered		97			88			143			111			85
Provisions Reversed (*)		—			—			54			45			18
Net Charge to the Income Statement		(1,338	)		(1,063	)		(1,102	)		(721	)		(623	)

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

11

During the quarter, Ps.558 million were charged off against the allowance for loan losses and direct charges to the income statement for Ps.81 million were made.

	In millions of pesos, except ratios
Table XVII	FY2017				FY2016
Consolidated Regulatory Capital	2nd Q		1st Q		4th Q		3rd Q		2nd Q
Minimum Capital Required (A)		17,684		16,441		15,258		13,386		12,053
Allocated to Credit Risk		13,440		12,407		11,511		10,036		9,036
Allocated to Market Risk		558		624		556		398		259
Allocated to Operational Risk		3,686		3,410		3,191		2,952		2,758
Computable Capital (B)		25,477		23,454		22,010		20,343		16,144
Tier I		19,384		17,932		16,471		15,213		14,092
Tier II		6,093		5,522		5,539		5,130		2,052
Excess over Required Capital (B) - (A)		7,793		7,013		6,752		6,957		4,091
Regulatory Ratio (%)		11.80		11.68		11.82		12.45		10.98

As of June 30, 2017, the Bank’s consolidated computable capital was Ps.7,793 million (44.1%) higher than the Ps.17,684 million capital requirement. As of June 30, 2016, this excess amounted to Ps.4,0913 million or 33.9%.

The minimum capital requirement increased by Ps.5,631 million as compared to June 30, 2016, mainly as a result of higher requirements of: (i) Ps.4,404 million due to the growth of the private-sector loan portfolio; and (ii) Ps.928 million on operational risk.

Computable capital increased Ps.9,333 million as compared to June 30, 2016, mainly as a consequence of a higher Tier I capital, for Ps.5,292 million, due to the higher net income, partially offset by higher deductions, resulting from organization and development expenses. Tier II capital recorded a Ps.4,041 million increase, mainly due to: (i) 100% of the subordinated notes issued on July 19, 2016, for US $250 million which 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	FY2017				FY2016
Liquidity (unconsolidated)	2nd Q		1st Q		4th Q		3rd Q		2nd Q
Liquid Assets (*) as a percentage of Transactional Deposits		57.89		80.03		71.79		78.23		92.09
Liquid Assets (*) as a percentage of Total Deposits		36.99		47.48		47.18		41.21		46.48

(*) 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 June 30, 2017, the Bank’s liquid assets represented 57.89% of the Bank’s transactional deposits and 36.99% of its total deposits, as compared to 92.09% and 46.48%, respectively, as of June 30, 2016.

12

BANCO DE GALICIA Y BUENOS AIRES S.A.

SELECTED FINANCIAL INFORMATION - CONSOLIDATED DATA ^(*)

	In millions of pesos
	FY2017				FY2016
	2nd Q		1st Q		4th Q		3rd Q		2nd Q
Cash and Due from Banks		33,318		50,205		61,132		28,289		28,427
Government and Corporate Securities		28,654		24,423		12,548		22,266		28,764
Net Loans		159,924		146,438		137,451		118,954		109,341
Other Receivables Resulting from Financial Brokerage		17,136		20,669		18,470		16,835		22,148
Equity Investments in Other Companies		198		187		181		164		177
Bank Premises and Equipment, Miscellaneous and Intangible Assets		7,363		6,976		6,571		6,014		5,510
Other Assets		3,802		4,402		3,705		3,447		3,744
Total Assets		250,395		253,300		240,058		195,969		198,111
Deposits		158,212		158,685		151,727		117,511		118,226
Other Liabilities Resulting from Financial Brokerage		57,821		62,586		58,382		51,072		54,314
Subordinated Notes		4,261		3,865		4,065		3,837		3,881
Other		6,570		6,328		5,628		4,961		4,427
Minority Interests		1,481		1,450		1,350		1,234		1,152
Total Liabilities		228,345		232,914		221,152		178,615		182,000
Shareholders’ Equity		22,050		20,386		18,906		17,354		16,111
Foreign-Currency Assets and Liabilities
Assets		59,184		63,491		66,729		35,052		33,607
Liabilities		59,505		65,978		68,544		38,370		34,789
Net Forward Purchases/(Sales) of Foreign Currency (1)		932		2,744		4,097		4,806		2,785

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

(1) Recorded off-balance sheet.

13

BANCO DE GALICIA Y BUENOS AIRES S.A.:

SELECTED FINANCIAL INFORMATION - CONSOLIDATED DATA ^(*)

	In millions of pesos
	FY2017						FY2016
	2nd Q			1st Q			4th Q			3rd Q			2nd Q
Financial Income		10,624			9,901			9,391			9,123			9,003
Interest on Loans to the Financial Sector		146			115			106			104			85
Interest on Overdrafts		638			655			803			809			776
Interest on Promissory Notes		1,412			1,407			1,369			1,398			1,619
Interest on Mortgage Loans		80			82			97			121			133
Interest on Pledge Loans		27			22			22			21			22
Interest on Credit-Card Loans		4,086			3,823			3,715			3,440			3,351
Interest on Financial Leases		71			68			70			70			75
Interest on Other Loans		2,073			1,863			1,629			1,363			1,216
Net Income from Government and Corporate Securities		1,293			999			1,147			1,430			1,582
Interest on Other Receivables Resulting from Financial Brokerage		6			4			8			5			5
Net Income from Secured Loans—Decree No.1387/01		—			2			—			—			—
CER Adjustment		38			10			6			—			—
Other		296			379			118			163			(19	)
Quotation Differences on Gold and Foreign Currency		458			472			301			199			158
Financial Expenses		(4,764	)		(5,101	)		(4,494	)		(5,169	)		(5,377	)
Interest on Saving Accounts Deposits		(1	)		(2	)		(2	)		(1	)		(1	)
Interest on Time Deposits		(2,518	)		(2,694	)		(2,689	)		(3,244	)		(3,671	)
Interest on Subordinated Obligations		(84	)		(80	)		(82	)		(152	)		(148	)
Other Interest		(62	)		(36	)		(15	)		(11	)		(20	)
Interest on Interbank Loans Received (Call Money Loans)		(7	)		(14	)		(6	)		(4	)		(11	)
Interest on Other Financing from Financial Entities		(132	)		(121	)		(69	)		(51	)		(38	)
Net Losses from Options		—			(1	)		(5	)		(2	)		(3	)
Interest on Other Liabilities Resulting from Financial Brokerage		(961	)		(813	)		(801	)		(796	)		(758	)
Contributions to the Deposit Insurance Fund		(70	)		(65	)		(51	)		(50	)		(50	)
CER Adjustment		(13	)		(4	)		(4	)		(2	)		(1	)
Other		(916	)		(1,271	)		(770	)		(856	)		(676	)
Gross Financial Margin		5,860			4,800			4,897			3,954			3,626
Provisions for Loan Losses		(1,449	)		(1,157	)		(1,311	)		(881	)		(723	)
Income from Services, Net		3,673			3,608			3,413			3,071			2,671
Administrative Expenses		(5,533	)		(4,932	)		(4,860	)		(4,385	)		(4,082	)
Personnel Expenses		(2,991	)		(2,757	)		(2,692	)		(2,383	)		(2,270	)
Directors’ and Syndics’ Fees		(17	)		(19	)		(10	)		(14	)		(14	)
Other Fees		(153	)		(111	)		(161	)		(123	)		(105	)
Advertising and Publicity		(231	)		(156	)		(183	)		(218	)		(200	)
Taxes		(549	)		(490	)		(454	)		(416	)		(391	)
Depreciation of Premises and Equipment		(106	)		(91	)		(85	)		(75	)		(66	)
Amortization of Organization Expenses		(163	)		(164	)		(181	)		(183	)		(187	)
Other Operating Expenses		(726	)		(634	)		(563	)		(556	)		(489	)
Other		(597	)		(510	)		(531	)		(417	)		(360	)
Minority Interest Results		(119	)		(156	)		(115	)		(84	)		(52	)
Income from Equity Investments		183			23			19			31			103
Net Other Income / (Loss)		62			181			471			350			275
Income Tax		(1,013	)		(887	)		(962	)		(813	)		(665	)
Net Income / (Loss)		1,664			1,480			1,552			1,243			1,153

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

14

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	FY2017						FY2016			Variation (%)
	2nd Q			1st Q			2nd Q			2Q17 vs 1Q17			2Q17 vs 2Q16
Total Assets		31,062			29,984			25,146			3.6			23.5
Cash and Due from Banks		640			454			363			41.0			76.3
Loans		27,855			27,186			22,716			2.5			22.6
Total Liabilities		24,773			23,817			20,432			4.0			21.2
Notes		9,224			6,123			5,442			50.6			69.5
Financial Entities		907			2,757			2,247			(67.1	)		(59.6	)
Merchants		11,869			12,377			10,705			(4.1	)		10.9
Shareholders’ Equity		6,289			6,167			4,714			2.0			33.4
Net Income		511			667			211			(23.4	)		142.2
Net Financial Income		1,410			1,370			824			2.9			71.1
Net Income from Services		1,667			1,559			1,104			6.9			51.0
Provisions for Loan Losses		(575	)		(509	)		(325	)		13.0			76.9
Administrative Expenses		(1,829	)		(1,520	)		(1,358	)		20.3			34.7
Loan Portfolio Quality		Variation (b.p.)
Non-Accrual Loans to Total Loans (%)		8.20			7.69			6.39			51			181
Allowance for Loan Losses to Total Loans (%)		8.21			7.67			6.03			54			218
Allowance for Loan Losses to Non-Accrual Loans (%)		100.16			99.69			94.30			47			586

	Percentages
Table XX	FY2017		FY2016		Six Months Ended
Profitability and Efficiency	2nd Q		2nd Q		06/30/17		06/30/16
Return on Average Assets (*)		6.64		3.61		7.86		5.63
Return on Average Shareholders’ Equity (*)		33.76		18.03		39.82		27.79
Financial Margin (*) (1)		18.47		14.40		18.65		15.23
Net Income from Services as a % of Operating Income (2)		54.18		57.26		53.71		56.58
Net Income from Services as a % of Administrative Expenses		91.14		81.30		96.33		88.38
Administrative Expenses as a % of Operating Income (2)		59.44		70.44		55.76		64.02

(*) 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.

15

COMPAÑÍA FINANCIERA ARGENTINA S.A.

	In millions of pesos, except percentages
	FY2017						FY2016			Variation (%)
Table XXI Selected Information	2nd Q			1st Q			2nd Q			2Q17 vs 1Q17			2Q17 vs 2Q16
Total Assets		6,798			6,399			4,371			6.2			55.5
Cash and Due from Banks		261			274			220			(4.7	)		18.6
Loans		5,980			5,635			3,520			6.1			69.9
Total Liabilities		5,701			5,353			3,288			6.5			73.4
Deposits		1,900			1,939			770			(2.0	)		146.8
Notes		1,491			1,064			1,352			40.1			10.3
Financial Entities		1,331			1,351			201			(1.5	)		562.2
Shareholders’ Equity		1,097			1,046			1,083			4.9			1.3
Net Income		51			81			80			(37.0	)		(36.3	)
Net Financial Income		544			487			330			11.7			64.8
Net Income from Services		65			70			61			(7.1	)		6.6
Provisions for Loan Losses		(168	)		(118	)		(70	)		42.4			140.0
Administrative Expenses		(365	)		(339	)		(277	)		7.7			31.8
Loan Portfolio Quality		Variation (b.p.)
Non-Accrual Loans to Total Loans (%)		13.64			12.02			14.43			162			(79	)
Allowance for Loan Losses to Total Loans (%)		8.58			7.32			11.72			126			(314	)
Allowance for Loan Losses to Non-Accrual Loans (%)		62.89			60.88			81.22			201			(1,833	)

	Percentages
Table XXII	FY2017		FY2016		Six Months Ended
Profitability and Efficiency	2nd Q		2nd Q		06/30/17		06/30/16
Return on Average Assets (*)		3.05		7.53		4.09		6.58
Return on Average Shareholders’ Equity (*)		18.17		28.37		21.85		22.06
Financial Margin (*) (1)		35.41		32.73		35.35		33.69
Net Income from Services as a % of Operating Income (2)		10.67		15.60		11.65		15.05
Net Income from Services as a % of Administrative Expenses		17.81		22.02		19.35		22.07
Administrative Expenses as a % of Operating Income (2)		59.93		70.84		60.24		68.19

(*) 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

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 JUNE 30, 2017

	In millions of pesos, except percentages
Table XXIII	Quarters ended:									Variation (%)
Selected Information	06/30/17			03/31/17			06/30/16			Quarter			Annual
Assets		2.539			2.250			2.225			12.8			14.1
Premiums Receivable		559			479			486			16.7			15.0
Reinsurance Recoverables		5			4			4			25.0			25.0
Liabilities		1.299			1.125			1.169			15.5			11.1
Debt with Insureds		241			221			177			9.0			36.2
Debt with Reinsurers		11			4			6			175.0			83.3
Debt with Agents and Brokers		130			133			97			(2.3	)		34.0
Insurance Contract Liabilities		357			314			274			13.7			30.3
Shareholders’ Equity		1.240			1.125			1.056			10.2			17.4
Net Income		115			106			208			8.5			(44.7	)
Earned Premiums		789			748			840			5.5			(6.1	)
Incurred Claims		(110	)		(93	)		(104	)		18.3			5.8
Net Investment Income		88			62			88			41.9			0.0
Commissions and Other		(285	)		(255	)		(184	)		11.8			54.9
Operating Expenses		(293	)		(271	)		(240	)		8.1			22.1
Annualized Sales		409			336			249			21.7			64.3

	Percentages
Table XXIV	Quarters ended:				Six months ended:
Profitability	06/30/17		06/30/16		06/30/17		06/30/16
Return on Average Assets (*)		19.19		41.22		18.57		42.48
Return on Average Shareholders’ Equity (*)		38.19		86.06		38.52		90.96

(*) Annualized.

17

GALICIA ADMINISTRADORA DE FONDOS S.A.

RESULTS FOR THE QUARTER

	In millions of pesos, except percentages
Table XXV: Selected Information	FY2017						FY2016			Variation (%)
	2nd Q			1st Q			2nd Q			2Q17 vs 1Q17			2Q17 vs 2Q16
Shareholders’ Equity		203			99			78			105.1			160.3
Net Income		104			89			36			16.9			188.9
Fees and Commissions		171			148			63			15.5			171.4
Administrative Expenses		(13	)		(15	)		(10	)		(13.3	)		30.0
Commercial Expenses		(9	)		(8	)		(4	)		13			125.0

	In millions of pesos, except percentages
Table XXVI:	Assets Under Management as of:				Variation
Mutual Funds	2nd Q 17		2nd Q 16		Ps.			%
Fima Premium		5,787		4,040		1,747			43.2
Fima Ahorro Pesos		19,568		11,234		8,334			74.2
Fima Ahorro Plus		17,488		6,213		11,275			181.5
Fima Capital Plus		468		643		(175	)		(27.2	)
Fima Renta en Pesos		519		139		380			273.4
Fima Renta Plus		496		179		317			177.1
Fima Abierto Pymes		223		232		(9	)		(3.9	)
Fima Acciones		247		83		164			197.6
Fima PB Acciones		808		247		561			227.1
Fima Mix I		115		863		(748	)		(86.7	)
Fima Renta Dólares I		13,684		—		13,684			100.0
Fima Renta Dólares II		4,639		—		4,639			100.0
Total Assets Under Management		64,042		23,873		40,169			168.3

18

RECENT DEVELOPMENTS

CAPITAL INCREASE PROPOSAL

On July 13, 2017, the Board of Directors of Grupo Financiero Galicia called all of its shareholders to an Ordinary and Extraordinary Shareholders’ Meeting to be held on August 15, 2017, in order to consider a capital increase for a maximum issuance of up to 150,000,000 new ordinary class B shares, book-entry, with a right to one (1) vote and a face value of Ps.1 (one Peso) per share.

NOTES

On May 18, 2017, Banco Galicia issued Notes for Ps.2,000 million, with a maturity of 36 months from the date of issue and settlement. The notes accrue interest at a floating rate equivalent to the simple arithmetic average of private Badlar rates plus 2.98%, which will be paid quarterly, beginning on August 18, 2017.

On July 27, 2017, Grupo Financiero Galicia settled the total outstanding amount of its Class VII Notes, for a face value of Ps.160 million.

IFRS REGULATIONS

Beginning with the financial statements corresponding to the first quarter of the 2017 fiscal year, the adjustments corresponding to the application of IFRS are reported as a note to the balance sheet. IFRS will be fully applied from fiscal year 2018. As of June 30, 2017, the adjustment to Banco Galicia’s net worth as a result of the application of these standards amounted to Ps.3,267 million, reaching an adjusted net worth of Ps.25,316 million. For Grupo Financiero Galicia, the adjustment amounted to Ps.2,957 million and the adjusted balance to Ps.26,506 million. These figures are subject to change and may only be considered definitive when preparing the annual financial statements for the year in which IFRS are applied for the first time.

DISTRIBUTION NETWORK

After the end of the quarter, the Bank increased its distribution network with the opening of a new branch in the province of Santa Fe (Boulevard Alberdi, Rosario).

REGULATORY CHANGES

CREDIT LINE FOR PRODUCTION FINANCING AND FINANCIAL INCLUSION

Through its Communiqué “A“6259, issued on June 23, the Argentine Central Bank established a new amount to be granted under “Credit Line for Production Financing and Financial Inclusion” for the second half of 2017, at the end of which financial institutions must have a balance of financing equivalent to at least 18% of deposits of non-financial private sector in pesos, calculated based on the monthly average of daily balances of May 2017. For these purposes, the simple average of the daily balances of existing loans between July 1 and December 31, 2017, will be considered. The 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.

19