FORM 6-K
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                        REPORT OF FOREIGN PRIVATE ISSUER

                    Pursuant to Rule 13a-16 or 15d-16 of the
                         Securities Exchange Act of 1934

                         For the month of October, 2007

                         Commission File Number: 0-30852

                          GRUPO FINANCIERO GALICIA S.A.

                          Galicia Financial Group S.A.
                 (Translation of registrant's name into English)

                            Tte. Gral. Juan D. Peron 456
                       (C1038AAJ) 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
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.

October, 2007   Notice of Material Event, dated October 12, 2007,          99.1
                regarding the partial cancellation by Banco
                de Galicia y Buenos Aires S.A. (the Registrant's
                principal subsidiary) of the public offering for
                US$39,750,000 of Negotiable Obligations due in 2010.

                                   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: October 15, 2007                By:  /s/Antonio Garces
                                           ------------------
                                           Name:  Antonio Garces
                                           Title: Chief Executive Officer