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                                    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 November, 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- ________

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                                    FORM 6-K

                           COMMISSION FILE NO. 0-30852

 MONTH FILED                    EVENT AND SUMMARY                   EXHIBIT NO.
November, 2007     Notice of Material Event, dated November 14,        99.1
                   2007, regarding the partial cancellation by
                   Banco de Galicia y Buenos Aires S.A. (the
                   Registrant's principal subsidiary) of the
                   public offering for US$ 5,993,200 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: November 15, 2007                           By: /s/Antonio Garces
                                                      --------------------------
                                                  Name:  Antonio Garces
                                                  Title: Chief Executive Officer

                                  EXHIBIT 99.1
                      BANCO DE GALICIA Y BUENOS AIRES S.A.

                                                 Buenos Aires, November 14, 2007

Comision Nacional de Valores (National Securities Commission)

BY HAND

                                     Ref.: Program for the issuance and re-
                                     issuance of Ordinary Negotiable Obligations
                                     for up to US$ 2,000,000,000 - Cancellation.

Dear Sirs,

     In my capacity as attorney in fact for Banco de Galicia y Buenos Aires
     Sociedad Anonima (the "Bank"), I am writing in order to inform you that, on
     the date hereof, the Bank has decided to cancel the Negotiable Obligations
     detailed below and cancel the public offering thereof, these Negotiable
     Obligations were acquired through purchases which were made under market
     terms:

     * Negotiable Obligations due in 2010: for a nominal value of US$ 5,993,200
     (five million and nine hundred ninety three thousand and two hundred US
     Dollars).

     After effecting this cancellation, the principal amount of the outstanding
     Negotiable Obligations due in 2010 will have a nominal value of US$
     280,723,867 (two hundred eighty million seven hundred and twenty three
     thousand and eight hundred sixty seven US Dollars).

     Consequently, we request that you give effect to the partial cancellation
     of the Public Offering for US$ 5,993,200 of Negotiable Obligations due in
     2010.

               Yours faithfully,

                       Maria Matilde Hoenig
                         Attorney in fact