[2] As a result of the acquisition by Galicia Financial Group, on December 6, 2024, at 7:00 p.m., HSBC Argentina disconnected from the global HSBC Group network and progressively switched to the Galicia Más brand, officially ceasing to exist in Argentina after 32 years of uninterrupted operations in the country.

[3] Simon Martin, President of HSBC Argentina, was appointed head of the mother company's group sustainability and corporate responsibility office in 2007.

On December 20, 2001, at the height of the December 2001 riots in Argentina, HSBC security personnel opened fire from inside the HSBC Buenos Aires headquarters building against civilians that had been marching to Plaza de Mayo to demonstrate against President Fernando de la Rúa who resigned a day later.

This will make Galicia the country's leading private financial institution and the second largest by size behind Banco Nación.

"On Friday, December 6, 2024, Grupo Galicia announces that the final stage of the acquisition was completed and acquired full ownership of HSBC Argentina in a statement.

This operation will make Banco Galicia the largest private bank in Argentina, both in terms of deposits and loans, adding more than 750,000 clients, 3,000 employees and 100 branches.

The group's product and service distribution network included 139 retail bank branches nationwide, as well as financial and pension fund offices.