Grupo Financiero Galicia (NASDAQ:GGAL) management said profitability weakened sharply in the first quarter of 2026, as higher loan-loss provisions, limited loan demand and inflation accounting effects weighed on results, even as margins and efficiency showed sequential improvement.
Pablo Firvida, head of investor relations, said Grupo Galicia posted net income of ARS 66.5 billion for the quarter, down 66% from the prior year. The result represented a 0.6% return on average assets and a 3.2% return on average shareholders’ equity.
