BANCO DE GALICIA Y BUENOS AIRES S.A. Page 1 of 91

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1 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 1 of 91 Q U A R T E R L Y F I N A N C I A L S T A T E M E N T S For the period from January 1, 2017 to June 30, 2017 presented in comparative format. NAME: BANCO DE GALICIA Y BUENOS AIRES S.A. LEGAL DOMICILE: Tte. Gral. Juan D. Perón 430 City of Buenos Aires. PRINCIPAL LINE OF BUSINESS: Domestic Capital PrivateSector Commercial Bank. OF BYLAWS: November 21, DATE OF REGISTRATION WITH THE COMMERCIAL COURT OF RECORD OF THE FIRST AMENDMENT TO THE BYLAWS: AMENDMENT TO THE BYLAWS: and subsequent amendments, the latest being on No. 13,976 Book 85. REGISTRATION NUMBER WITH THE ARGENTINE SUPERINTENDENCY OF CORPORATIONS: 167,488. EXPIRY OF COMPANY'S BYLAWS: June 30, 2100 INFORMATION ON CONTROLLED COMPANIES: See Schedule E and Note 14 to the Financial Statements and in Notes to the Consolidated Financial Statements (Sec. 33 Law No. 19,550). CAPITAL STATUS: See Schedule K. NAME OF THE CONTROLLING COMPANY: Grupo Financiero Galicia S.A. LEGAL DOMICILE: PRINCIPAL LINE OF BUSINESS: Tte. Gral. Juan D. Perón 430, 25 floor Autonomous City of Buenos Aires Argentina. Financial and Investment Activities. PERCENTAGE OF EQUITY INTEREST HELD BY THE CONTROLLING COMPANY: 100% (Note 1). PERCENTAGE OF VOTES TO WHICH THE CONTROLLING COMPANY IS ENTITLED: 100% (Note 1).

2 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 2 of 91 Q U A R T E R L Y F I N A N C I A L S T A T E M E N T S TABLE OF CONTENTS o CONSOLIDATED FINANCIAL STATEMENTS... Page 3 to 21 o INDIVIDUAL FINANCIAL STATEMENTS... Page 22 to 84 o ADDITIONAL INFORMATION... Page 85 to 86 o INFORMATIVE REVIEW.. Page 87 to 91 o INDEPENDENT AUDITOR'S LIMITED REVIEW REPORT o REPORT OF THE SUPERVISORY COMMITTEE

3 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 3 of 91 CONSOLIDATED BALANCE SHEET (Section 33 Law No. 19,550) For the period from January 1, 2017 Supplementary Information to the Quarterly Financial Statements to June 30, 2017, presented in comparative format FIGURES STATED IN THOUSANDS OF PESOS ASSETS CASH AND DUE FROM BANKS 33,318,240 61,131,992 CASH 7,505,708 7,456,305 FINANCIAL INSTITUTIONS AND CORRESPONDENTS 25,812,532 53,675,687 ARGENTINE CENTRAL BANK 24,736,871 51,389,550 OTHER LOCAL FINANCIAL INSTITUTIONS 123, ,897 FOREIGN 951,918 2,105,240 GOVERNMENT AND CORPORATE SECURITIES 28,653,509 12,548,271 HOLDINGS OF GOVERNMENT SECURITIES RECORDED AT FAIR MARKET VALUE 3,913,458 3,074,883 HOLDINGS RECORDED AT COST PLUS YIELD 3,926,895 1,922,473 INVESTMENTS IN QUOTED CORPORATE SECURITIES 22,128 SECURITIES ISSUED BY THE ARGENTINE CENTRAL BANK 20,791,028 7,550,915 LOANS 159,923, ,450,622 TO THE NONFINANCIAL PUBLIC SECTOR TO THE FINANCIAL SECTOR 3,418,231 2,098,037 INTERBANK LOANS (CALL MONEY LOANS GRANTED) 907, ,300 OTHER FINANCING TO LOCAL FINANCIAL INSTITUTIONS 2,410,226 1,205,228 ACCRUED INTEREST, ADJUSTMENTS AND QUOTATION DIFFERENCES RECEIVABLE 100,035 30,509 TO THE NONFINANCIAL PRIVATE SECTOR AND RESIDENTS ABROAD 162,467, ,059,237 ADVANCES 8,225,219 10,063,087 PROMISSORY NOTES 27,156,614 25,298,418 MORTGAGE LOANS 2,475,513 2,178,236 PLEDGE LOANS 639, ,879 PERSONAL LOANS 20,278,366 15,311,721 CREDIT CARD LOANS 75,383,558 72,765,948 OTHER 27,133,453 12,653,202 ACCRUED INTEREST, ADJUSTMENTS AND QUOTATION DIFFERENCES RECEIVABLE 1,800,050 1,774,831 (UNALLOCATED COLLECTIONS) (46,000) (21,860) (DOCUMENTED INTEREST) (579,569) (642,225) ALLOWANCES (5,961,793) (4,706,758) OTHER RECEIVABLES RESULTING FROM FINANCIAL BROKERAGE 17,136,294 18,469,601 ARGENTINE CENTRAL BANK 2,706,084 2,359,284 AMOUNTS RECEIVABLE FOR SPOT AND FORWARD SALES TO BE SETTLED 7,275, ,375 SECURITIES RECEIVABLE UNDER SPOT AND FORWARD PURCHASES TO BE SETTLED 1,194,773 7,851,134 PREMIUMS FROM BOUGHT OPTIONS 3,485 OTHER RECEIVABLES NOT INCLUDED IN THE DEBTOR CLASSIFICATION REGULATIONS 3,487,547 4,610,896 NEGOTIABLE OBLIGATIONS WITHOUT QUOTATION 757,382 1,220,155 BALANCES FROM FORWARD TRANSACTIONS WITHOUT DELIVERY OF UNDERLYING ASSET TO BE SETTLED 90, ,287 OTHER RECEIVABLES INCLUDED IN THE DEBTOR CLASSIFICATION REGULATIONS 1,814,961 1,769,308 ACCRUED INTEREST AND ADJUSTMENTS RECEIVABLE INCLUDED IN THE DEBTOR CLASSIFICATION REGULATIONS ALLOWANCES (190,792) (191,002)

4 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 4 of 91 RECEIVABLES FROM FINANCIAL LEASES 1,211, ,788 RECEIVABLES FROM FINANCIAL LEASES 1,212, ,856 ACCRUED INTEREST AND ADJUSTMENTS RECEIVABLE 17,255 17,118 ALLOWANCES (18,002) (14,186) EQUITY INVESTMENTS 198, ,361 IN FINANCIAL INSTITUTIONS 8,229 7,858 OTHER 190, ,104 ALLOWANCES (601) (601) MISCELLANEOUS RECEIVABLES 2,538,786 2,682,267 RECEIVABLES FOR ASSETS SOLD 114, ,650 MINIMUM PRESUMED INCOME TAX TAX CREDIT 8,912 9,424 OTHER 2,454,262 2,559,874 ACCRUED INTEREST ON AND ADJUSTMENTS TO RECEIVABLES FOR ASSETS SOLD 360 1,626 OTHER ACCRUED INTEREST AND ADJUSTMENTS RECEIVABLE 9,226 28,959 ALLOWANCES (48,473) (43,266) BANK PREMISES AND EQUIPMENT 3,098,042 2,809,289 MISCELLANEOUS ASSETS 1,455,817 1,218,852 INTANGIBLE ASSETS 2,808,920 2,543,201 ORGANIZATION AND DEVELOPMENT EXPENSES 2,808,920 2,543,201 UNALLOCATED ITEMS 51,935 64,319 TOTAL ASSETS 250,395, ,057,563

5 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 5 of 91 LIABILITIES DEPOSITS 158,211, ,726,966 NONFINANCIAL PUBLIC SECTOR 1,493,891 1,294,177 FINANCIAL SECTOR 100,952 62,957 NONFINANCIAL PRIVATE SECTOR AND RESIDENTS ABROAD 156,616, ,369,832 CURRENT ACCOUNTS 28,460,764 26,995,121 SAVINGS ACCOUNTS 71,273,580 53,728,361 TIME DEPOSITS 54,284,831 49,713,710 INVESTMENT ACCOUNTS 83, ,665 OTHER 1,454,055 18,577,409 ACCRUED INTEREST, ADJUSTMENTS AND QUOTATION DIFFERENCES PAYABLE 1,059, ,566 OTHER LIABILITIES RESULTING FROM FINANCIAL BROKERAGE 57,820,808 58,381,742 ARGENTINE CENTRAL BANK 24,622 12,727 OTHER 24,622 12,727 BANKS AND INTERNATIONAL ENTITIES 2,728,867 2,212,995 UNSUBORDINATED NEGOTIABLE OBLIGATIONS 15,066,507 13,273,470 AMOUNTS PAYABLE FOR SPOT AND FORWARD PURCHASES TO BE SETTLED 1,195,143 7,818,144 SECURITIES TO BE DELIVERED UNDER SPOT AND FORWARD SALES TO BE SETTLED 7,892, ,819 PREMIUMS FROM WRITTEN OPTIONS 2,027 FINANCING FROM LOCAL FINANCIAL INSTITUTIONS 3,264,499 4,095,357 INTERBANK LOANS (CALL MONEY LOANS RECEIVED) 80, ,000 OTHER FINANCING FROM LOCAL FINANCIAL INSTITUTIONS 3,150,971 3,800,394 ACCRUED INTEREST PAYABLE 33, ,963 BALANCES FROM FORWARD TRANSACTIONS WITHOUT DELIVERY OF UNDERLYING ASSET TO BE SETTLED 132, ,013 OTHER 26,957,403 29,717,439 ACCRUED INTEREST, ADJUSTMENTS AND QUOTATION DIFFERENCES PAYABLE 559, ,751 MISCELLANEOUS LIABILITIES 6,024,310 5,233,058 DIVIDENDS PAYABLE 7,500 DIRECTORS' AND SYNDICS' FEES 29,221 40,446 OTHER 5,987,589 5,192,612 PROVISIONS 503, ,354 SUBORDINATED NEGOTIABLE OBLIGATIONS 4,260,595 4,065,255 UNALLOCATED ITEMS 44,694 42,408 MINORITY INTERESTS TOTAL LIABILITIES 1,480, ,345,653 1,349, ,151,686 SHAREHOLDERS' EQUITY TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 22,049, ,395,320 18,905, ,057,563

6 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 6 of 91 MEMORANDUM ACCOUNTS DEBIT 608,647, ,740,719 CONTINGENT 40,419,169 38,610,674 LOANS OBTAINED (UNUSED BALANCES) 1,829, ,794 GUARANTEES RECEIVED 24,932,115 25,370,435 CONTINGENT RE. CONTRA ITEMS 13,657,997 12,640,445 CONTROL 535,118, ,926,662 UNCOLLECTIBLE LOANS 3,139,754 3,347,678 OTHER 528,191, ,972,028 CONTROL RE. CONTRA ITEMS 3,786,926 2,606,956 DERIVATIVES 24,051,340 29,020,684 "NOTIONAL" VALUE OF PUT OPTIONS BOUGHT 149,512 "NOTIONAL" VALUE OF FORWARD TRANSACTIONS WITHOUT DELIVERY OF UNDERLYING ASSET 12,491,006 16,359,075 INTEREST RATE SWAPS 1,000 75,000 DERIVATIVES RE. CONTRA ITEMS 11,559,334 12,437,097 TRUST ACCOUNTS 9,058,033 8,182,699 TRUST FUNDS 9,058,033 8,182,699 CREDIT 608,647, ,740,719 CONTINGENT 40,419,169 38,610,674 LOANS GRANTED UNUSED BALANCES INCLUDED IN THE DEBTOR CLASSIFICATION REGULATIONS 9,744,945 9,094,205 GUARANTEES GRANTED TO THE ARGENTINE CENTRAL BANK 473,528 OTHER GUARANTEES GRANTED INCLUDED IN THE DEBTOR CLASSIFICATION REGULATIONS 1,383,285 1,134,828 OTHER GUARANTEES GRANTED NOT INCLUDED IN THE DEBTOR CLASSIFICATION REGULATIONS 359, ,695 OTHER INCLUDED IN THE DEBTOR CLASSIFICATION REGULATIONS 1,538,601 1,236,641 OTHER NOT INCLUDED IN THE DEBTOR CLASSIFICATION REGULATIONS 631, ,548 CONTINGENT RE. CONTRA ITEMS 26,761,172 25,970,229 CONTROL 535,118, ,926,662 CHECKS AND DRAFTS TO BE CREDITED 3,785,988 2,559,608 OTHER ,348 CONTROL RE. CONTRA ITEMS 531,331, ,319,706 DERIVATIVES 24,051,340 29,020,684 "NOTIONAL" VALUE OF CALL OPTIONS WRITTEN 174,663 "NOTIONAL" VALUE OF FORWARD TRANSACTIONS WITHOUT DELIVERY OF UNDERLYING ASSET 11,559,334 12,262,434 DERIVATIVES RE. CONTRA ITEMS 12,492,006 16,583,587 TRUST ACCOUNTS 9,058,033 8,182,699 TRUST LIABILITIES RE. CONTRA ITEMS 9,058,033 8,182,699

7 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 7 of 91 CONSOLIDATED INCOME STATEMENT (Section 33 Law No. 19,550) For the period from January 1, 2017 Supplementary Information to the Quarterly Financial Statements to June 30, 2017, presented in comparative format FIGURES STATED IN THOUSANDS OF PESOS FINANCIAL INCOME 20,524,730 17,696,512 INTEREST ON CASH AND DUE FROM BANKS 20 INTEREST ON LOANS GRANTED TO THE FINANCIAL SECTOR 261, ,207 INTEREST ON ADVANCES 1,293,169 1,477,013 INTEREST ON PROMISSORY NOTES 2,818,837 3,276,411 INTEREST ON MORTGAGE LOANS 161, ,543 INTEREST ON PLEDGE LOANS 48,744 44,958 INTEREST ON CREDIT CARD LOANS 7,908,741 6,301,273 INTEREST ON FINANCIAL LEASES 138, ,909 INTEREST ON OTHER LOANS 3,935,828 2,297,247 NET INCOME FROM GOVERNMENT AND CORPORATE SECURITIES 2,291,718 2,924,529 INTEREST ON OTHER RECEIVABLES RESULTING FROM FINANCIAL BROKERAGE 10,491 16,846 NET INCOME FROM SECURED LOANSDECREE No. 1387/01 1,681 CER ADJUSTMENT 48, OTHER 675, ,042 QUOTATION DIFFERENCES ON GOLD AND FOREIGN CURRENCY 929, ,500 FINANCIAL EXPENSES 9,865,493 10,482,335 INTEREST ON CURRENT ACCOUNT DEPOSITS 463 INTEREST ON SAVINGS ACCOUNT DEPOSITS 3,156 2,046 INTEREST ON TIME DEPOSITS 5,212,196 7,138,872 INTEREST ON SUBORDINATED OBLIGATIONS 164, ,517 OTHER INTEREST 97,473 31,953 INTEREST ON INTERBANK LOANS RECEIVED (CALL MONEY LOANS) 20,755 26,325 INTEREST ON OTHER FINANCING FROM FINANCIAL INSTITUTIONS 252,335 67,369 NET LOSS FROM OPTIONS 1,458 22,240 INTEREST ON OTHER LIABILITIES RESULTING FROM FINANCIAL BROKERAGE 1,773,588 1,358,630 CONTRIBUTIONS TO THE DEPOSIT INSURANCE FUND 135, ,307 CER ADJUSTMENT 17,325 1,085 OTHER 2,187,175 1,321,991 GROSS FINANCIAL MARGIN 10,659,237 7,214,177 LOAN LOSS PROVISION 2,605,594 1,341,437 INCOME FROM SERVICES 10,184,606 7,393,799 IN RELATION TO LENDING TRANSACTIONS 1,781,995 1,340,890 IN RELATION TO BORROWING TRANSACTIONS 1,640,236 1,155,451 OTHER COMMISSIONS 453, ,094 OTHER 6,308,834 4,599,364 EXPENSES FOR SERVICES 2,904,074 2,334,477 COMMISSIONS 1,197, ,145 OTHER 1,706,388 1,382,332 ADMINISTRATIVE EXPENSES 10,465,398 7,728,670 PERSONNEL EXPENSES 5,748,227 4,283,682

8 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 8 of 91 CONSOLIDATED INCOME STATEMENT (Section 33 Law No. 19,550) For the period from January 1, 2017 Supplementary Information to the Quarterly Financial Statements to June 30, 2017, presented in comparative format FIGURES STATED IN THOUSANDS OF PESOS DIRECTORS' AND SYNDICS' FEES 35,582 29,400 OTHER FEES 263, ,854 ADVERTISING AND PUBLICITY 387, ,972 TAXES 1,038, ,537 DEPRECIATION OF PREMISES AND EQUIPMENT 197, ,907 AMORTIZATION OF ORGANIZATION EXPENSES 327, ,468 OTHER OPERATING EXPENSES 1,359, ,216 OTHER 1,107, ,634 NET INCOME / (LOSS) FROM FINANCIAL BROKERAGE 4,868,777 3,203,392 MINORITY INTERESTS RESULTS (275,194) (150,693) MISCELLANEOUS INCOME 841, ,371 INCOME FROM EQUITY INVESTMENTS 206, ,871 DEFAULT INTERESTS 291, ,266 LOANS RECOVERED AND ALLOWANCES REVERSED 225, ,459 OTHER 118, ,775 CER ADJUSTMENT 1 MISCELLANEOUS LOSSES 390, ,681 DEFAULT INTEREST AND CHARGES IN FAVOR OF THE ARGENTINE CENTRAL BANK 257 3,166 LOAN LOSS PROVISIONS FOR MISCELLANEOUS RECEIVABLES AND OTHER PROVISIONS 64,577 92,909 OTHER 313, ,783 DEPRECIATION OF AND LOSSES ON MISCELLANEOUS ASSETS AMORTIZATION OF DIFFERENCES ARISING FROM COURT RESOLUTIONS 11,316 6,290 NET INCOME / (LOSS) BEFORE INCOME TAX 5,044,159 3,645,389 INCOME TAX 1,900,369 1,346,117 NET INCOME / (LOSS) FOR THE PERIOD 3,143,790 2,299,272

9 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 9 of 91 CONSOLIDATES STATEMENT OF CASH FLOWS (Section. 33 Law No. 19,550) For the period from January 1, 2017 Supplementary Information to the Quarterly Financial Statements FIGURES STATED IN THOUSANDS OF PESOS to June 30, 2017, presented in comparative format CHANGES IN CASH AND CASH EQUIVALENTS Cash at Beginning of Fiscal Year 71,766,169 42,367,731 Cash at Period End 54,233,853 51,977,186 Net (Decrease) / Increase in Cash (in Constant Currency) (17,532,316) 9,609,455 CAUSES OF CHANGES IN CASH (IN CONSTANT CURRENCY) Operating Activities Net Collections / (Payments) Related to: Government and Corporate Securities (1,032,505) 2,666,252 Loans To the Financial Sector (1,237,398) 156,049 To the NonFinancial Public Sector 1,530 (241) To the NonFinancial Private Sector and Residents Abroad (7,013,331) 3,306,185 Other Receivables Resulting from Financial Brokerage 319, ,427 Receivables from financial leases (119,162) 280,749 Deposits To the Financial Sector 37,995 (1,251) To the NonFinancial Public Sector 199,714 2,903,806 To the NonFinancial Private Sector and Residents Abroad (1,395,134) 5,835,079 Other Liabilities Resulting from Financial Brokerage Financing from the Financial Sector Interbank Loans (Call Money Loans Received) (105,755) (127,100) Others (Except those Liabilities Included in Financial Activities) (2,476,057) (3,153,284) Collections Related to Income from Services 10,184,606 7,393,799 Payments Related to Expenses for Services (2,862,604) (2,309,372) Administrative Expenses Paid (9,921,302) (7,187,095) Payment Related to Organization and Development Expenses (594,199) (531,010) Net Collections / (Payments) Related to Default Interest 290, ,266 Differences Deriving from Court Resolutions Paid (11,316) (6,290) Collection Related to Dividends from Other Companies 144,982 71,908 Other Collections / (Payments) Related to Miscellaneous Profits and Losses (141,637) 89,691 Net Collections / (Payments) Related to Other Operating Activities To Other Receivables and Miscellaneous Liabilities (1,825,273) (2,429,878)

10 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 10 of 91 CONSOLIDATES STATEMENT OF CASH FLOWS (Section. 33 Law No. 19,550) For the period from January 1, 2017 Supplementary Information to the Quarterly Financial Statements FIGURES STATED IN THOUSANDS OF PESOS to June 30, 2017, presented in comparative format To Other Net Operating Activities 173,234 (222,503) Payment of the Income Tax / Minimum Presumed Income Tax (1,210,851) (1,118,034) Net Cash Flow (Used in) / provided by Operating Activities (18,593,929) 6,389,153 Investment Activities Net Collections/ (Payments) Related to Bank Premises and Equipment (417,690) (424,519) Net Collections/ (Payments) Related to Miscellaneous Assets (290,452) (214,227) Collections of Equity Investments Sold 116,240 Other Collections/ (Payments) for Investment Activities Other (10,051) Net Cash Flow (Used in) Investment Activities (601,953) (638,746) Financing Activities Net Collections / (Payments) Related to: Unsubordinated Negotiable Obligations 914, ,416 Argentine Central Bank Other 11,895 7,487 Banks and International Entities 373, ,129 Subordinated Obligations (163,522) (188,931) Loans from Local Financial Institutions (948,193) 1,032,774 Payment of Dividends (89,504) (48,300) Net Cash Flow generated by financing activities Financial Income on Cash and Cash Equivalents (Including Interest and the Monetary Loss) Net (decrease) / Increase in cash for the period 98,648 1,378,575 1,564,918 2,480,473 (17,532,316) 9,609,455

11 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 11 of 91 CONSOLIDATED STATEMENT OF DEBTORS STATUS (Section 33 Law No.19,550) For the period from January 1, 2017 to June 30, 2017, presented in comparative format Supplementary Information to the Quarterly Financial Statements FIGURES STATED IN THOUSANDS OF PESOS COMMERCIAL PORTFOLIO Normal 68,276,361 55,785,733 With "A" Preferred Collateral and Counterguarantees 119, ,608 With "B" Preferred Collateral and Counterguarantees 3,333,356 2,787,547 Without Preferred Collateral or Counterguarantees 64,823,309 52,880,578 With special followup Under observation 84, ,037 With "B" Preferred Collateral and Counterguarantees 14,162 50,931 Without Preferred Collateral or Counterguarantees 70,113 73,106 With problems 78,038 75,354 With "B" Preferred Collateral and Counterguarantees 49,343 39,697 Without Preferred Collateral or Counterguarantees 28,695 35,657 High risk of insolvency 110,103 91,686 With "A" Preferred Collateral and Counterguarantees With "B" Preferred Collateral and Counterguarantees 20,455 29,696 Without Preferred Collateral or Counterguarantees 89,448 61,595 Uncollectible 12,832 16,989 With "B" Preferred Collateral and Counterguarantees 249 Without Preferred Collateral or Counterguarantees 12,832 16,740 Total commercial portfolio 68,561,609 56,093,799 CONSUMER AND HOUSING PORTFOLIO Normal Situation 105,061,900 94,438,835 With "A" Preferred Collateral and Counterguarantees 14,176 19,119 With "B" Preferred Collateral and Counterguarantees 2,235,142 1,318,010 Without Preferred Collateral or Counterguarantees 102,812,582 93,101,706 Low risk 3,034,651 2,621,212 With "A" Preferred Collateral and Counterguarantees With "B" Preferred Collateral and Counterguarantees 14,496 17,422 Without Preferred Collateral or Counterguarantees 3,019,235 2,603,777 Medium risk 2,072,944 1,700,581 With "A" Preferred Collateral and Counterguarantees 301 With "B" Preferred Collateral and Counterguarantees 3,716 12,269 Without Preferred Collateral or Counterguarantees 2,068,927 1,688,312 High risk 2,601,472 2,005,901 With "B" Preferred Collateral and Counterguarantees 14,178 10,085 Without Preferred Collateral or Counterguarantees 2,587,294 1,995,816 Uncollectible 1,129, ,958 With "A" Preferred Collateral and Counterguarantees With "B" Preferred Collateral and Counterguarantees 20,554 5,020 Without Preferred Collateral or Counterguarantees 1,108, ,666 Uncollectible due to technical reasons 8,163 7,160 Without Preferred Collateral or Counterguarantees 8,163 7,160 Total consumer and housing portfolio 113,908, ,618,647 General Total 182,470, ,712,446

12 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 12 of 91 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS WITH CONTROLLED PARTIES (SEC. 33 OF LAW NO ) FOR THE PERIOD FROM JANUARY 1, 2017, TO JUNE 30, 2017, PRESENTED IN COMPARATIVE FORMAT (FIGURES STATED IN THOUSANDS) NOTE 1 BASIS OF PRESENTATION OF THE FINANCIAL STATEMENTS 1.1 DISCLOSURE CRITERIA The Financial Statements, which stem from accounting records, are presented in line with the provisions of the Argentine Central Bank regarding financial reporting requirements for the publication of quarterly and annual financial statements, and with the guidelines of the General Resolution No. 622/13 of the National Securities Commission ( CNV ) and supplementary regulations. This resolution provides that, in all cases, the consolidated financial statements must precede the individual financial statements; therefore, these financial statements have been presented in accordance with this guideline. These financial statements include the balances corresponding to the operations carried out by Banco de Galicia y Buenos Aires S.A. (the Bank) and its subsidiaries located in Argentina and form part of the Bank s financial statements as supplementary information, reason for which they should be read in conjunction with them. These financial statements have been adjusted for inflation as mentioned in note 2 item to the individual financial statements. These criteria differ in certain aspects from the requirements of the professional accounting standards applicable in the Autonomous City of Buenos Aires ( Argentine GAAP ), as explained in note 23 to the individual financial statements. Certain financial statement figures for the year ended December 31, 2016, have been reclassified for purposes of their comparative presentation with those of the current year. 1.2 ACCOUNTING STANDARDS USED The accounting standards used in preparing the financial statements of the consolidated companies mentioned in note 2 have been adapted to the valuation and disclosure standards followed by the parent company. These standards are described in note 2 to the individual financial statements. NOTE 2 CONSOLIDATION BASIS The following are the total stock holdings, assets, liabilities, shareholders equity and results of the companies controlled directly and indirectly. Issuing Shares Percentage held in Company Class Direct and indirect holdings Total Capital Stock Possible votes (stated in units) Tarjetas Regionales S.A. Ordinary(*) 829,886, ,886, Galicia Valores S.A.(1) Ordinary 990, , Tarjetas Cuyanas S.A. Ordinary(**) 2,489,628 2,489, Tarjeta Naranja S.A. Ordinary(**) 1,848 1, Tarjetas del Mar S.A. (2) Ordinary(**) 4,784, Cobranzas Regionales S.A. Ordinary(***) 7,700 7, Compañía Financiera Argentina S.A. (3) Ordinary 540,835, ,835, Cobranzas y Servicios S.A. (4) Ordinary 475, , Procesadora Regional S.A. Ordinary 12,709,967 12,709, (1) During this period, the Bank accepted an offer for the sale of 20,000 representing shares 2% of Galicia Valores S.A. owned by Compañía Financiera Argentina S.A.. Also, said company made an offer for the sale of the remaining 1% of its holding in Galicia Valores S.A. to Grupo Financiero Galicia S.A., which has been accepted. (2) On March 30, 2017, the Bank and its subsidiary, Compañía Financiera Argentina S.A., sold its total holdings in Tarjetas del Mar S.A. to Sociedad Anónima Importadora y Exportadora de la Patagonia and to Engineer Federico Braun, respectively. The transaction amount was US$ 5,000 and did not have a significant effect on the Bank Shareholder's Equity. (3)and(4) On January 12, 2017 the Bank Board of Directors has decided to accept an offer for the purchase of all shares held in Compañía Financiera Argentina S.A. and Cobranzas y Servicios S.A. by Mr. Julio Alfredo Fraomeni and Galeno Capital S.A.U. Closing is contingent upon the compliance of the offer terms and conditions, among them, approval by the Argentine Central Bank. (See note to the individual financial statements). (*) Ordinary A and B (**) face value of 10 (***) face value of 100

13 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 13 of 91 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS WITH CONTROLLED PARTIES (SEC. 33 OF LAW NO ) FOR THE PERIOD FROM JANUARY 1, 2017, TO JUNE 30, 2017, PRESENTED IN COMPARATIVE FORMAT (FIGURES STATED IN THOUSANDS) Issuing Assets Liabilities Shareholders' Equity Results Company Tarjetas Regionales S.A. 6,903,453 6,097,436 12,685 15,175 6,890,768 6,082,261 1,197, ,712 Galicia Valores S.A. 160,360 89,004 32,142 6, ,218 82,736 45,483 10,786 Tarjetas del Mar S.A. 1,296,643 1,138, ,161 3,985 Tarjeta Naranja S.A. 24,932,149 24,997,877 19,541,971 20,316,446 5,390,178 4,681,431 1,068, ,212 Tarjetas Cuyanas S.A. 5,803,502 5,592,813 4,788,437 4,641,761 1,015, , , ,675 Cobranzas Regionales S.A. 71,693 61,374 37,991 31,082 33,702 30,292 3,410 3,609 Compañía Financiera Argentina S.A. 6,798,233 5,893,851 5, ,678,351 1,096,974 1,215, , ,396 Cobranzas y Servicios S.A. 25,039 27,508 15,526 18,855 9,513 8, ,762 Procesadora Regional S.A. 23,922 22,404 5,385 7,439 18,537 14,965 3, The procedure followed to include the accounts of the controlled companies was as follows: 1) The financial statements of said companies were adapted, as suitable, to the valuation and disclosure standards set by the Argentine Central Bank and cover the same period as that of the financial statements of the Bank. The financial statements as of June 30, 2017 of Tarjetas Regionales S.A. a company in which the Bank has a 77% interest, used for consolidation purposes were in turn consolidated on a linebyline basis with the financial statements of Tarjeta Naranja S.A., Tarjetas Cuyanas S.A., Cobranzas Regionales S.A. and Procesadora Regional S.A. The percentages directly held in those companies' capital stock are as follows: June 2017 December 2016 Directly and indirectly held Tarjetas Cuyanas S.A. 77% 77% Tarjeta Naranja S.A. 77% 77% Procesadora Regional S.A % 78.15% Cobranzas Regionales S.A. 77% 77% 2) The significant items arising from intercompany transactions among the consolidated companies, not involving third parties, have been eliminated from the Balance Sheet, Income Statement and Statement of Cash Flows. 3) The portion of the controlled companies shareholders equity owned by third parties is disclosed in the Balance Sheet, under the "Minority Interests" caption. 4) The results corresponding to minority interests are disclosed in the Income Statement under "Minority Interests Results. NOTE 3 MINORITY INTERESTS The breakdown of the complementary interests included in the "Minority Interests" caption is as follows: June December COMPANY % % GALICIA VALORES S.A TARJETAS REGIONALES S.A TARJETAS CUYANAS S.A TARJETA NARANJA S.A TARJETAS DEL MAR S.A COBRANZAS REGIONALES S.A COMPAÑÍA FINANCIERA ARGENTINA S.A COBRANZAS Y SERVICIOS S.A PROCESADORA REGIONAL S.A

14 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 14 of 91 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS WITH CONTROLLED PARTIES (SEC. 33 OF LAW NO ) FOR THE PERIOD FROM JANUARY 1, 2017, TO JUNE 30, 2017, PRESENTED IN COMPARATIVE FORMAT (FIGURES STATED IN THOUSANDS) NOTE 4 RESTRICTED ASSETS OF CONTROLLED COMPANIES In addition to what is stated in note 3 to the individual financial statements, the ability to dispose of the following assets of the controlled companies required to be consolidated was restricted as follows: a. Galicia Valores S.A Grupo Financiero Valores S.A. Share $ 2,150 Liquid matching entry required to operate as CNV agents $ 4,100 b. Tarjetas Cuyanas S.A. Collateral in relation to real state lease agreements $ 1,620 c. Tarjeta Naranja S.A. Attachments related to lawsuits $ 283 Collateral in relation to real state lease agreements $ 2,802 d. Compañía Financiera Argentina S.A: For credit and debit card transactions $ 13,375 For attachments $ 494 For transactions with the MAE $ 165 For litigations $ 944 Special escrow accounts with the Argentine Central Bank as guarantees for transactions involving electronic clearing house $ 37,910 Attachments have been fully provisioned as of the date of these financial statements. The total amount of restricted assets for the aforementioned items of the controlled companies required to be consolidated as of June 30, 2017 amounts to $ 63,843, while as of December 31, 2016 it amounted to $ 189,713. NOTE 5 ISSUANCE OF NEGOTIABLE OBLIGATIONS In addition to the provisions of note 8 to the individual financial statements, the consolidated companies have the following negotiable obligations outstanding: 1. Tarjetas Regionales S.A. As of the date of these financial statements, the companies controlled by Tarjetas Regionales S.A. have outstanding the following issuance programs and negotiable obligations series, issued in order to finance its operations: Tarjeta Naranja S.A. AUTHORIZED AMOUNT US$ 650,000 TYPE OF NEGOTIABLE OBLIGATION Ordinary, nonconvertible into shares PROGRAM'S TERM DATE OF APPROVAL BY THE SHAREHOLDERS' MEETING 5 years CNV APPROVAL Resolution No. 16,822 dated The Company's shareholders' meeting approved the extension of the program's effective period, which was authorized by the CNV through Resolution No. 17,676 of May 21, 2015.

15 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 15 of 91 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS WITH CONTROLLED PARTIES (SEC. 33 OF LAW NO ) FOR THE PERIOD FROM JANUARY 1, 2017, TO JUNE 30, 2017, PRESENTED IN COMPARATIVE FORMAT (FIGURES STATED IN THOUSANDS) As of period/fiscal year end, the Bank has the following negotiable obligations outstanding: Placement date Currency Class Number Amount Type Term Due date Rate Issue authorized by the CNV on Book Value (*) (in thousands of Pesos) US$ XIII US$ 200, $ XXIV Series II $ XXVIII Series II $ 33,500 $ 129, $ XXIX $ 334, $ XXX $ 400, $ XXXI $ 370, $ XXXII $ 260, $ $ $ $ $ XXXIII Series I XXXIII Series II XXXIV Series I XXXIV Series II XXXV Series I $ 133,092 $ 366,908 $ 124,603 $ 475,397 $ 225,611 Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares 2,192 days 1,096 days 731 days 731 days 731 days 548 days 639 days 548 days 1,095 days 548 days 1,461 days 546 days Fixed. 9% NAR Variable BADLAR + 5% Variable BADLAR % Mixed 27.75% / BADLAR % Mixed 27.75% / BADLAR % Mixed 27% / BADLAR % Variable BADLAR % Minimum rate 37% / BADLAR % Minimum rate 37% / BADLAR % Minimum rate 32% / BADLAR % Minimum rate 32% / BADLAR % Minimum rate 26% / BADLAR % ,073, , , , , , , , , , , , , , , , , , $ XXXV Series II $ 774,389 Ordinary, non 1,461 days Minimum rate 26% / , ,389

16 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 16 of 91 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS WITH CONTROLLED PARTIES (SEC. 33 OF LAW NO ) FOR THE PERIOD FROM JANUARY 1, 2017, TO JUNE 30, 2017, PRESENTED IN COMPARATIVE FORMAT (FIGURES STATED IN THOUSANDS) convertible into shares BADLAR % $ $ XXXVI Series I XXXVI Series II $ 210,571 $ 636, $ XXXVII $ 3,845,700 Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares 547 days 1,095 days 1,826 days Minimum rate 25.25% / BADLAR % Minimum rate 25.25% / BADLAR % Minimum rate 15.00% / BADLAR % , , , , ,845,700 (*) Corresponds to the principal amount outstanding as of the indicated dates. Tarjetas Cuyanas S.A. AUTHORIZED AMOUNT US$ 250,000 TYPE OF NEGOTIABLE OBLIGATION Ordinary, nonconvertible into shares PROGRAM'S TERM 5 years DATE OF APPROVAL BY THE SHAREHOLDERS' MEETING ratified on and APPROVED BY THE CNV Resolution No.16,328 dated and Resolution No.17,072 dated Within said program and as of period/fiscal year end, the Bank has the following negotiable obligations outstanding: Placement date Currency Class Number Amount Type Term Due date Rate Issue authorized by the CNV on Book Value (*) (in thousands of Pesos) $ XIX Series II $ 75, $ XXI $ 232, $ XXII $ 300, $ XXIII $ 242, $ XXIV Series I $ 65,691 Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares 731 days 550 days 547 days 549 days 549 days Variable BADLAR % Variable BADLAR % Variable BADLAR % Variable BADLAR % Variable BADLAR % , , , , , ,983 67,832

17 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 17 of $ NOTES TO CONSOLIDATED FINANCIAL STATEMENTS WITH CONTROLLED PARTIES (SEC. 33 OF LAW NO ) FOR THE PERIOD FROM JANUARY 1, 2017, TO JUNE 30, 2017, PRESENTED IN COMPARATIVE FORMAT XXIV Series II $ 234, $ XXV $ 400, $ $ $ $ $ XXVI Series I XXVI Series II XXVII Series II XXVIII Series I XXVIII Series II $ 149,763 $ 350,237 $ 500,000 $ 128,175 $ 371,825 (FIGURES STATED IN THOUSANDS) Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares 1,095 days 1,461 days 547 days 1,461 days 1,095 days 730 days 1,461 days Variable BADLAR % Variable BADLAR % Variable BADLAR % Variable BADLAR % Variable BADLAR % Variable BADLAR % Variable BADLAR % (*) Corresponds to the principal and interest amount outstanding as of the indicated dates. 2. Compañía Financiera Argentina S.A , , , , , , , , , , ,711 As of the date of preparation of these financial statements, the company has outstanding the following issuance programs and negotiable obligations series, issued in order to finance its operations: AUTHORIZED AMOUNT US$ 250,000 TYPE OF NEGOTIABLE OBLIGATION Ordinary, nonconvertible into shares PROGRAM'S TERM 5 years DATE OF APPROVAL BY THE SHAREHOLDERS' MEETING , , and APPROVED BY THE CNV Resolution No. 15,440 dated , extended by Resolution No. 16,505 dated and Resolution No. 17,958 dated Amount increase approved by Resolution No 15,848 dated and Resolution No. 16,505 dated Within this program, the Company has, at the end of the period/fiscal year, the following negotiable obligations outstanding: Placement date Currency Class Number Amount Type Term Due date Rate Issue authorized by the CNV on Book Value (*) (in thousands of Pesos)

18 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 18 of $ $ $ $ $ $ $ $ NOTES TO CONSOLIDATED FINANCIAL STATEMENTS WITH CONTROLLED PARTIES (SEC. 33 OF LAW NO ) FOR THE PERIOD FROM JANUARY 1, 2017, TO JUNE 30, 2017, PRESENTED IN COMPARATIVE FORMAT XIV Single series XV Single series XVI Single series XVII Series I XVII Series II XVIII Single Series XIX Series I XIX Series II $ 249,000 $ 210,000 $ 300,000 $ 58,333 $287,500 $ 350,000 $ 100,000 $ 400,000 (FIGURES STATED IN THOUSANDS) Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares Ordinary, nonconvertible into shares 21 months 21 months 21 months 18 months 36 months 18 months 18 months 36 months Fixed 27.24% until the 9th month, then Variable BADLAR+ 4.25% Fixed 27.99% until the 9th month, then Variable BADLAR+ 4.50% Variable BADLAR+ 4.50% Minimum fixed of 36% until the 3rd month, then Variable Badlar + 4% Minimum fixed of 36% until the 6th month, then Variable Badlar % Minimum fixed of 29.50% until the 3rd month, then Variable Badlar % Variable Badlar % Variable Badlar % (*) Corresponds to the principal and interest amount outstanding as of the indicated dates , , , , ,143 67, , , , , , ,412 On June 15, 2017 the Board of Directors approved the issuance of Negotiable Obligations Class XX for a face value of up to $ 750,000. On July 24, 2017, the issuance of Series I for $ 401,667 and Series II for $ 348,333 was officially issued. As of the date of these financial statements, Negotiable Obligations Class XVI Single series were settled.

19 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 19 of 91 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS WITH CONTROLLED PARTIES (SEC. 33 OF LAW NO ) FOR THE PERIOD FROM JANUARY 1, 2017, TO JUNE 30, 2017, PRESENTED IN COMPARATIVE FORMAT (FIGURES STATED IN THOUSANDS) 3. Tarjetas del Mar S.A. As of the prior fiscal year's end, the company had outstanding the following issuance programs and negotiable obligations series, issued in order to finance its operations (see note 2 to the Consolidated Financial Statements): AUTHORIZED AMOUNT US$ 75,000 TYPE OF NEGOTIABLE OBLIGATION Ordinary, nonconvertible into shares PROGRAM'S TERM DATE OF APPROVAL BY THE SHAREHOLDERS' MEETING 5 years APPROVED BY THE CNV Resolution No.17,969 dated Within this program, the Company has, at fiscal year end, the following negotiable obligations outstanding: Placement date Currency Class Number Amount Type Term Due date Rate Issue authorized by the CNV on Book Value (*) (in thousands of Pesos) $ I $ 150,000 Ordinary, nonconvertible into shares 18 months Variable BADLAR + 4.5% ,032 (*) Corresponds to the principal and interest amount outstanding as of the stated date. NOTE 6 DERIVATIVE FINANCIAL INSTRUMENTS In addition to the provisions of note 9 to the individual financial statements, the controlled companies have the following negotiable obligations outstanding: Tarjetas Regionales S.A. and subsidiaries FORWARD PURCHASE OF FOREIGN CURRENCIES WITHOUT DELIVERY OF THE UNDERLYING ASSET As of December 31, 2016, the companies have subscribed US dollars forward purchase agreements for a total of $ 1,087,812. Compañía Financiera Argentina S.A. FORWARD PURCHASE OF FOREIGN CURRENCIES WITHOUT DELIVERY OF THE UNDERLYING ASSET As of June 30, 2017 purchase operations amounting to $ 85,600 were recorded, while as of December 31, 2016 they amounted to $ 50,737 NOTE 7 RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF PROFITS In addition to the statement made in Note 4 to the individual financial statements, and in accordance with Section 70 of the General Corporations Law, stock companies must set up a reserve of not less than 5% of the realized and liquid profits shown in the income statement for the fiscal year, until 20% of the corporate stock is reached. When this reserve falls below that percentage for any reason, no profits may be distributed until this minimum reserve is restored.

20 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 20 of 91 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS WITH CONTROLLED PARTIES (SEC. 33 OF LAW NO ) FOR THE PERIOD FROM JANUARY 1, 2017, TO JUNE 30, 2017, PRESENTED IN COMPARATIVE FORMAT (FIGURES STATED IN THOUSANDS) The Ordinary and Extraordinary Shareholder s Meeting of Tarjeta Naranja S.A. held on March 16, 2006 decided to set the maximum limit for the distribution of dividends at 25% of the realized and liquid profits of each fiscal year, said restriction shall remain in force as long as the company's shareholder's equity is below $ 300,000. In the price supplement to Negotiable Obligations Class XXXVII, the Company committed itself not to distribute profits exceeding 50% of its net income and provided that some indebtedness ratios are not exceeded. In the case of Compañía Financiera Argentina S.A. the restrictions set forth in note 4 to the individual financial statements apply. NOTE 8 MINIMUM PRESUMED INCOME TAX In addition to what is stated in note 2, item to the individual financial statements, as of June 30, 2017, the controlled companies record an asset of $ 8,912 for the Minimum Presumed Income Tax, while as of December 31, 2016, this amount was $ 9,424. NOTE 9 BREAKDOWN OF "OTHER" ITEMS IN THE CONSOLIDATED BALANCE SHEET ASSETS OTHER RECEIVABLES RESULTING FROM FINANCIAL BROKERAGE OTHERS NOT INCLUDED IN THE DEBTOR CLASSIFICATION REGULATIONS 3,487,547 4,610,896 Participation certificates and debt securities in financial trusts without quotation 2,078,351 1,641,314 N.O. purchased Own issuance 395, ,155 Mutual funds without quotation 1,013,919 2,044,177 Other 1,250 MISCELLANEOUS RECEIVABLES 2,454,262 2,559,874 Sundry debtors 496, ,657 Guarantee deposits 1,234,771 1,536,664 Payments in advance 554, ,814 Tax prepayments 113, ,421 Other 55,694 43,318 LIABILITIES OTHER LIABILITIES RESULTING FROM FINANCIAL BROKERAGE OTHER 26,957,403 29,717,439 Collections on behalf of third parties and other liabilities 3,671,854 3,220,207 Liabilities for financing of purchases 18,680,573 20,812,777 Other withholdings and collections 1,547,320 1,518,962 Our accounts in correspondent Banks 307,760 1,142,363 Liabilities subject to Minimum Cash Requirements 299, ,641 Sundry not subject to Minimum Cash Requirements 2,083,101 2,362,934 Accrued commissions payable 135, ,503 Other 232, ,052 MISCELLANEOUS LIABILITIES 5,987,589 5,192,612 Sundry creditors 1,659,221 1,079,683 Taxes payable 2,789,972 2,579,688 Salaries and social security contributions payable 1,081,582 1,118,134 Other 456, ,107 MEMORANDUM ACCOUNTS DEBIT CONTROL OTHER 528,191, ,972,028

21 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 21 of 91 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS WITH CONTROLLED PARTIES (SEC. 33 OF LAW NO ) FOR THE PERIOD FROM JANUARY 1, 2017, TO JUNE 30, 2017, PRESENTED IN COMPARATIVE FORMAT (FIGURES STATED IN THOUSANDS) Securities held in custody 483,797, ,872,060 Bills for collection 16,245,648 18,309,418 Guarantee agent activities 24,576,097 23,468,166 Other 3,572,075 4,322,384 CONSOLIDATED INCOME STATEMENT FINANCIAL EXPENSES 2,187,175 1,321,991 Turnover tax 1,640,161 1,240,182 Premiums for repo transactions 103,647 48,491 Adjustment on forward transactions in ME settled in pesos 389,390 33,318 Other 53,977 INCOME FROM SERVICES 6,308,834 4,599,364 Fees earned on credit cards 4,117,187 2,978,799 Fees earned on life insurance policies 430, ,204 Other 1,760,681 1,148,361 EXPENSES FOR SERVICES 1,706,388 1,382,332 Turnover taxes 537, ,876 Linked to credit cards 614, ,020 Other 554, ,436 MISCELLANEOUS INCOME 118, ,775 Rentals 2,606 2,443 Adjustments and interest on miscellaneous receivables 101, ,484 Income for lawsuits 13,721 13,547 Other 1, ,301 MISCELLANEOUS LOSSES 313, ,783 Claims 65,807 26,199 Donations 23,824 21,592 Turnover tax 52,137 10,486 Other 171,909 49,506 NOTE 10 CONTINGENCIES a) Tax issues In addition to the provisions of Note 22 item a) to the individual financial statements, the Argentine Revenue Service (A.F.I.P.), Provincial Tax Bureaus, and Municipal Offices are conducting several review processes with different degrees of progress, on controlled companies. Said agencies have served notices and made claims regarding taxes against the subsidiaries of Tarjetas Regionales S.A. for which the corresponding administrative and legal measures are being undertaken. The original tax amount claimed for these issues, amounts to approximately $ 11,641. Based on the opinions of their tax advisors, the companies believe that the abovementioned claims are both legally and technically groundless and that taxes related to the claims have been correctly calculated in accordance with tax regulations in force and existing case law. Notwithstanding the above, the companies have created all allowances and provisions deemed suitable pursuant to each case's particular progress. b) Consumers' Associations In addition to the statements made in Note 22 item b) to the individual financial statements, consumer associations claiming to represent consumers have filed claims against Compañía Financiera Argentina S.A. in relation to certain financial charges. The Bank deems the resolution of these issues shall not have a significant impact on its shareholders' equity.

22 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 22 of 91 NAME OF CERTIFYING AUDITOR: SANTIAGO J. MIGNONE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM: PRICE WATERHOUSE & CO. S.R.L. LIMITED REVIEW REPORT WITH CONCLUSION WITHOUT QUALIFICATIONS FOR THE QUARTER ENDED (Code 008) BALANCE SHEET For the period from January 1, 2017 FIGURES STATED IN THOUSANDS OF PESOS to June 30, 2017, presented in comparative format ASSETS A. CASH AND DUE FROM BANKS CASH 32,615,356 7,018,116 60,418,326 7,060,409 FINANCIAL INSTITUTIONS AND CORRESPONDENTS 25,597,240 53,357,917 ARGENTINE CENTRAL BANK 24,647,917 51,124,620 OTHER LOCAL FINANCIAL INSTITUTIONS 9, ,355 FOREIGN 939,919 2,096,942 B. GOVERNMENT AND CORPORATE SECURITIES (SCHEDULE A AND NOTE 2 ITEM ) HOLDINGS OF GOVERNMENT SECURITIES RECORDED AT FAIR MARKET VALUE 28,380,814 3,774,842 12,504,569 3,074,883 HOLDINGS RECORDED AT COST PLUS YIELD 3,926,895 1,922,473 INVESTMENTS IN QUOTED CORPORATE SECURITIES 378 SECURITIES ISSUED BY THE ARGENTINE CENTRAL BANK (NOTE 21) 20,678,699 7,507,213 C. LOANS (SCHEDULES B, C, D, N AND NOTE 16) 126,655, ,343,716 TO THE NONFINANCIAL PUBLIC SECTOR TO THE FINANCIAL SECTOR 3,971,778 2,774,592 INTERBANK LOANS (CALL LOANS GRANTED) (NOTE 21) 1,107, ,300 OTHER FINANCING TO LOCAL FINANCIAL INSTITUTIONS 2,753,014 1,870,799 ACCRUED INTEREST, ADJUSTMENTS AND QUOTATION DIFFERENCES RECEIVABLE 110,794 41,493 TO THE NONFINANCIAL PRIVATE SECTOR AND RESIDENTS ABROAD 125,592, ,756,067 ADVANCES 8,191,443 10,177,452 PROMISSORY NOTES 27,165,443 25,415,263 MORTGAGE LOANS 2,475,513 2,178,236 PLEDGE LOANS 639, ,879 PERSONAL LOANS 13,901,617 10,091,976 CREDIT CARD LOANS 45,128,827 42,599,370 OTHER (NOTE 11) 27,119,532 12,649,028 ACCRUED INTEREST, ADJUSTMENTS AND QUOTATION DIFFERENCES RECEIVABLE 1,596,891 1,635,932 (UNALLOCATED COLLECTIONS) (46,000) (21,860) (DOCUMENTED INTEREST) (580,438) (647,209) ALLOWANCES (SCHEDULE J) (2,909,476) (2,187,049) D. OTHER RECEIVABLES RESULTING FROM FINANCIAL BROKERAGE (SCHEDULES B, C, D, N, NOTE 2 ITEMS , , AND NOTE 16) 16,383,435 16,434,235 ARGENTINE CENTRAL BANK 2,668,010 2,328,636 AMOUNTS RECEIVABLE FOR SPOT AND FORWARD SALES TO BE SETTLED (NOTE 21) 7,255, ,375 SECURITIES RECEIVABLE UNDER SPOT AND FORWARD PURCHASES TO BE SETTLED 1,194,773 7,713,469 PREMIUMS FROM BOUGHT OPTIONS 3,485 OTHER RECEIVABLES NOT INCLUDED IN THE DEBTOR CLASSIFICATION REGULATIONS 2,138,091 1,738,107 NEGOTIABLE OBLIGATIONS WITHOUT QUOTATION 1,057,576 1,962,926 BALANCES FROM FORWARD TRANSACTIONS WITHOUT DELIVERY OF UNDERLYING ASSET TO BE SETTLED 90, ,287 OTHER RECEIVABLES INCLUDED IN THE DEBTOR CLASSIFICATION REGULATIONS 2,153,209 2,023,873 ACCRUED INTEREST AND ADJUSTMENTS RECEIVABLE INCLUDED IN THE DEBTOR CLASSIFICATION REGULATIONS ALLOWANCES (SCHEDULE J) (174,891) (182,371)

23 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 23 of 91 E. RECEIVABLES FROM FINANCIAL LEASES (SCHEDULES B, C, D, N, NOTE 2 ITEM AND NOTE 16) RECEIVABLES FROM FINANCIAL LEASES 1,417,412 1,415,289 1,175,714 1,169,259 ACCRUED INTEREST AND ADJUSTMENTS RECEIVABLE 20,125 20,641 ALLOWANCES (SCHEDULE J) (18,002) (14,186) F. EQUITY INVESTMENTS (SCHEDULE E, N, NOTE 2 ITEM AND NOTE 14) IN FINANCIAL INSTITUTIONS 6,099,716 1,072,299 5,742,221 1,186,891 OTHER 5,156,145 4,555,330 ALLOWANCES (SCHEDULE J) (128,728) G. MISCELLANEOUS RECEIVABLES RECEIVABLES FOR ASSETS SOLD (SCHEDULE B, C, D, AND NOTE 16) 2,191, ,499 1,967, ,650 OTHER (NOTE 11) 2,101,684 1,845,729 ACCRUED INTEREST ON AND ADJUSTMENTS TO RECEIVABLES FOR ASSETS SOLD (SCHEDULE B, C, D and NOTE 16) 360 1,626 OTHER ACCRUED INTEREST AND ADJUSTMENTS RECEIVABLE 9,191 28,930 ALLOWANCES (SCHEDULE J) (34,436) (34,009) H. BANK PREMISES AND EQUIPMENT (SCHEDULE F AND NOTE 2 ITEM ) 2,484,477 2,241,172 I. MISCELLANEOUS ASSETS (SCHEDULE F AND NOTE 2 ITEM AND ) 1,440,368 1,204,018 J. INTANGIBLE ASSETS (SCHEDULE G AND NOTE 2 ITEM ) 2,460,560 2,210,404 ORGANIZATION AND DEVELOPMENT EXPENSES 2,460,560 2,210,404 K. UNALLOCATED ITEMS 51,751 64,030 TOTAL ASSETS 220,180, ,306,331

24 BANCO DE GALICIA Y BUENOS AIRES S.A. Page 24 of 91 LIABILITIES L. DEPOSITS (SCHEDULES H AND I) NONFINANCIAL PUBLIC SECTOR 156,730,397 1,493, ,639,152 1,294,177 FINANCIAL SECTOR 100,952 62,957 NONFINANCIAL PRIVATE SECTOR AND RESIDENTS ABROAD 155,135, ,282,018 CURRENT ACCOUNTS 28,658,450 27,140,879 SAVINGS ACCOUNTS 70,539,079 53,148,612 TIME DEPOSITS 53,389,180 49,091,329 INVESTMENT ACCOUNTS 83, ,665 OTHER 1,440,136 18,566,227 ACCRUED INTEREST, ADJUSTMENTS AND QUOTATION DIFFERENCES PAYABLE 1,024, ,306 M. OTHER LIABILITIES RESULTING FROM FINANCIAL BROKERAGE ARGENTINE CENTRAL BANK (SCHEDULE I) 32,899,875 24,622 32,225,241 12,727 OTHER 24,622 12,727 BANKS AND INTERNATIONAL ENTITIES (SCHEDULE I ) 2,728,867 2,212,995 UNSUBORDINATED NEGOTIABLE OBLIGATIONS ( SCHEDULE I AND NOTE 8 ) 4,351,710 4,759,723 AMOUNTS PAYABLE FOR SPOT AND FORWARD PURCHASES TO BE SETTLED 1,195,143 7,680,190 SECURITIES TO BE DELIVERED UNDER SPOT AND FORWARD SALES TO BE SETTLED (SCHEDULE O) 7,872, ,819 PREMIUMS FROM WRITTEN OPTIONS 2,027 FINANCING FROM LOCAL FINANCIAL INSTITUTIONS (SCHEDULE I ) 1,780,360 1,349,465 INTERBANK LOANS (CALL MONEY LOANS RECEIVED) 165,000 OTHER FINANCING FROM LOCAL FINANCIAL INSTITUTIONS 1,756,078 1,164,418 ACCRUED INTEREST PAYABLE 24,282 20,047 BALANCES FROM FORWARD TRANSACTIONS WITHOUT DELIVERY OF UNDERLYING ASSET TO BE SETTLED 132, ,833 OTHER (SCHEDULE I AND NOTE 11) 14,679,829 15,244,218 ACCRUED INTEREST, ADJUSTMENTS AND QUOTATION DIFFERENCES PAYABLE (SCHEDULE I) 134,415 95,244 N. MISCELLANEOUS LIABILITIES 3,923,957 3,167,439 DIRECTORS' AND SYNDICS' FEES 10,592 17,234 OTHER (NOTE 11) 3,913,365 3,150,205 O. PROVISIONS (SCHEDULE J) 280, ,959 P.SUBORDINATED NEGOTIABLE OBLIGATIONS (SCHEDULE I AND NOTE 8) 4,260,595 4,065,255 Q. UNALLOCATED ITEMS 35,267 42,408 TOTAL LIABILITIES 198,130, ,400,454 SHAREHOLDERS' EQUITY (As per related statement) 22,049,667 18,905,877 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 220,180, ,306,331