Grupo Financiero Galicia (Grupo Financiero Galicia) Credit Losses Provision : $416 Mil (As of Sep. 2023)

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What is Grupo Financiero Galicia Credit Losses Provision?

Grupo Financiero Galicia's credit losses provision for the three months ended in Sep. 2023 was $78 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2023 was $416 Mil.

Grupo Financiero Galicia's quarterly credit losses provision increased from Mar. 2023 ($76 Mil) to Jun. 2023 ($91 Mil) but then declined from Jun. 2023 ($91 Mil) to Sep. 2023 ($78 Mil).

Grupo Financiero Galicia's annual credit losses provision declined from Dec. 2020 ($1,174 Mil) to Dec. 2021 ($404 Mil) and declined from Dec. 2021 ($404 Mil) to Dec. 2022 ($312 Mil).

Grupo Financiero Galicia Credit Losses Provision Historical Data

The historical data trend for Grupo Financiero Galicia's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Grupo Financiero Galicia Credit Losses Provision Chart

Grupo Financiero Galicia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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755.36

1,173.52

403.89

312.48

517.08

Grupo Financiero Galicia Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															-15.54	76.25	91.33	77.80	170.47

Grupo Financiero Galicia Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $416 Mil.

Grupo Financiero Galicia (Grupo Financiero Galicia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Grupo Financiero Galicia SA (NAS:GGAL) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

GGAL:Mexico GF4:Germany GGAL:Argentina

Address

Tte. Gral. Juan D. Peron 430, 25th Floor, Buenos Aires, ARG, C1038 AAJ

Website

https://www.gfgsa.com

Grupo Financiero Galicia SA is a financial service holding company. It provides general banking services, proprietary brand credit card services, personal loans, insurance, and other services. The company's operating business segments are Banks, Ecosistema Naranja X, Insurance, Adjustments, and Other Businesses. It generates maximum revenue from Banks. Geographically its operate in Argentina, Uruguay, and the majority of its revenue comes from Argentina.

Grupo Financiero Galicia (Grupo Financiero Galicia) Headlines

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