Grupo Galicia reports class action on rewards plan
Grupo Financiero Galicia discloses a class action over Banco Galicia’s rewards program but expects no significant impact on shareholders’ equity.
Rhea-AI Filing Summary
Grupo Financiero Galicia S.A. (GGAL) reports that its main subsidiary, Banco de Galicia y Buenos Aires S.A., has been notified of a class action lawsuit in Argentina related to a Rewards points program originally implemented by HSBC Bank Argentina S.A. The consumer association ACYMA seeks to enforce the validity of the points program for a two-year period and argues that any shorter validity would breach applicable regulations, further contending that the period cannot be shorter than the five-year statutory limitation under the Argentine Civil and Commercial Code, and requesting additional measures to avoid forfeiture or expiration of points.
The bank is analyzing the claim and its implications. The company estimates that, even in the event of an unfavorable outcome, the dispute would not have a significant impact on Banco Galicia’s shareholders’ equity.
Positive
- None.
Negative
- None.
Key Figures
Requested Rewards program validity period: 2 years
Statutory limitation period cited: 5 years
Lawsuit file number: 24444/2024
+2 more
5 metrics
Requested Rewards program validity period
2 years
Period the lawsuit seeks to enforce for the Rewards points program
Statutory limitation period cited
5 years
Limitation period under the Argentine Civil and Commercial Code cited by the association
Lawsuit file number
24444/2024
Case titled with ACYMA vs. Banco de Galicia y Buenos Aires S.A.
Lawsuit notification date reference
September 14, 2026
Date cited in the class action lawsuit description
Estimated impact on shareholders’ equity
Not significant
Company’s estimate of effect on Banco Galicia’s shareholders’ equity in an unfavorable outcome
Key Terms
class action lawsuit, Rewards points program, statutory limitation period, shareholders´ equity, +1 more
5 terms
class action lawsuit regulatory
"has been notified about a class action lawsuit titled"
A class action lawsuit is a single legal case filed by a group of people who claim they suffered similar harm from the same company or product, pooling resources to pursue the claim together like a neighborhood suing over a shared problem. It matters to investors because a class action can lead to large payouts, regulatory scrutiny, management distractions or reputational damage that may reduce a company’s profits and drive its stock price down.
Rewards points program financial
"enforce the validity of the Rewards points program, originally implemented"
statutory limitation period regulatory
"shorter than the five (5) year statutory limitation period established"
material event regulatory
"Ref.: Material Event Dear Sirs, We are writing"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What legal issue did GGAL disclose in this Form 6-K?
GGAL disclosed that Banco de Galicia y Buenos Aires S.A., its main subsidiary, was notified of a class action lawsuit in Argentina concerning the validity and duration of a Rewards points program originally implemented by HSBC Bank Argentina S.A.
Who filed the class action lawsuit against Banco Galicia, part of GGAL?
The lawsuit was filed by the consumer association ASOCIACION CIVIL POR LOS CONSUMIDORES Y EL MEDIO AMBIENTE (ACYMA) against Banco de Galicia y Buenos Aires S.A., as successor to HSBC Bank Argentina S.A.
What does the plaintiff seek in the Banco Galicia rewards program lawsuit?
The plaintiff seeks to enforce the validity of the Rewards points program for two years, argues that the validity cannot be shorter than the five-year statutory limitation period, and requests additional obligations to prevent forfeiture or expiration of the points.
What financial impact does GGAL expect from this class action lawsuit?
The company states that, even if the dispute is resolved unfavorably, it is estimated that the outcome will not have a significant impact on Banco Galicia’s shareholders’ equity.
How is Banco Galicia, GGAL’s subsidiary, responding to the lawsuit?
Banco Galicia is currently analyzing the content and implications of the class action lawsuit related to the Rewards points program and has reported this as a material event to the Argentine securities regulator.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
Securities Exchange Act of 1934
For the month of September 2026
Commission File Number: 0-30852
GRUPO FINANCIERO GALICIA S.A.
(the “Registrant”)
Galicia Financial Group S.A.
(translation of Registrant’s name into English)
Tte. Gral. Juan D. Perón 430, 25th Floor
(CP1038AAJ) Buenos Aires, Argentina
(CP1038AAJ) Buenos Aires, Argentina
(address of principal executive offices)
Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F ____
Indicate by check mark whether by furnishing the information contained in this form, the Registrant is also thereby furnishing the information to the Securities and Exchange Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
If “Yes” is marked, indicate below the file number assigned to the Registrant in connection with Rule 12g3-2(b): 82- ________
FORM 6-K
Commission File No. 0-30852
Month Filed | Event and Summary | Exhibit No. | ||||||
September, 2026 | Our subsidiary Banco Galicia informs of a class action lawsuit dated September 14, 2026.- | 99.1 | ||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
GRUPO FINANCIERO GALICIA S.A. (Registrant)
Date: September 14, 2026. By: /s/ Fabián E. Kon____________
Name: Fabián E. Kon
Title: Chief Executive Officer
Name: Fabián E. Kon
Title: Chief Executive Officer
Autonomous City of Buenos Aires, September 14, 2026
To the
Comisión Nacional de Valores
(National Securities Commission)
Ref.: Material Event
Dear Sirs,
We are writing to you, in order to inform that, our main subsidiary, Banco de Galicia y Buenos Aires S.A. (“the Bank”), as successor to HSBC Bank Argentina S.A. (subsequently Banco GGAL S.A.) (“HSBC”) has been notified about a class action lawsuit titled “ASOCIACION CIVIL POR LOS CONSUMIDORES Y EL MEDIO AMBIENTE (ACYMA) c/ BANCO DE GALICIA Y BUENOS AIRES S.A. (ANTES HSBC BANK ARGENTINA S.A.) s/ORDINARIO” (Expte. 24444/2024).
The lawsuit was filed at the National Commercial Court # 13, Secretariat # 26, of the Autonomous City of Buenos Aires.
The lawsuit filed by said consumer association seeks to enforce the validity of the Rewards points program, originally implemented by HSBC, for a period of two (2) years, arguing that a shorter period would constitute a breach of the applicable regulations. The association further contends that the validity period cannot be shorter than the five (5) year statutory limitation period established under the Argentine Civil and Commercial Code, and also seeks compliance with certain additional obligations aimed at preventing the forfeiture or expiration of such points.
The Bank is analyzing the content and implications of said demand. It is estimated that in case of an unfavorable resolution of this dispute, it will not have a significant impact on Banco Galicia´s shareholders´ equity.
Yours faithfully,
A. Enrique Pedemonte
Attorney in fact
Grupo Financiero Galicia S.A.
This document constitutes an unofficial translation into English of the original document in Spanish, which document shall govern in all respects, including with respect to any matters of interpretation.