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The Russians ran into problems with an Argentine bank. Customers of Galicia Bank from Russia and Belarus are preparing lawsuits against the bank due to closing accounts. They join forces in a consumer protection lawsuit, and business account holders will file individual lawsuits. Determining the fact of discrimination and illegality of actions of a financial organization. It is known that more than 600 people were blocked. A mass blocking of Banco Galicia accounts began on October 28 without explanation. The rules of the central bank of Argentina require the banks to warn about this by registered mail at least 30 days in advance, but the victims did not receive any notices. The bank's support service gave conflicting explanations - from a massive mistake to a decision specifically aimed at the Russians. Among the victims were not only citizens of the Russian Federation and Belarus, but also holders of residence permits, citizens of Argentina of Soviet and post-Soviet origin, as well as clients living in the country for more than 15 years. Additional difficulties arise from the withdrawal procedure: the bank only issues them in cash at the branches. There are also reports of stuck incoming SWIFT transfers and currency exchange bans. Customers have a successful precedent. In April 2026, the Bariloche court ordered Banco Galicia to pay compensation to the customer for closing accounts without proper notice. Bank Galicia is the largest private bank in Argentina, which secured leadership after the acquisition of HSBC's local business in December 2024. Its share in the private deposit market is about 14%.

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The Russians ran into problems with an Argentine bank. Customers of Galicia Bank from Russia and Belarus are preparing lawsuits against the bank due to closing accounts. They join forces in a consumer protection lawsuit, and business account holders will file individual lawsuits. Determining the fact of discrimination and illegality of actions of a financial organization. It is known that more than 600 people were blocked. A mass blocking of Banco Galicia accounts began on October 28 without explanation. The rules of the central bank of Argentina require the banks to warn about this by registered mail at least 30 days in advance, but the victims did not receive any notices. The bank's support service gave conflicting explanations - from a massive mistake to a decision specifically aimed at the Russians. Among the victims were not only citizens of the Russian Federation and Belarus, but also holders of residence permits, citizens of Argentina of Soviet and post-Soviet origin, as well as clients living in the country for more than 15 years. Additional difficulties arise from the withdrawal procedure: the bank only issues them in cash at the branches. There are also reports of stuck incoming SWIFT transfers and currency exchange bans. Customers have a successful precedent. In April 2026, the Bariloche court ordered Banco Galicia to pay compensation to the customer for closing accounts without proper notice. Bank Galicia is the largest private bank in Argentina, which secured leadership after the acquisition of HSBC's local business in December 2024. Its share in the private deposit market is about 14%.

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