trending Market Intelligence /marketintelligence/en/news-insights/trending/slfbjh_f8voxfsyvfxjrvg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Georgian tax law amendment to impact TBC Bank profits

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Georgian tax law amendment to impact TBC Bank profits

A recent amendment to the Georgian tax code will affect TBC Bank Group PLC's deferred tax liability, resulting in an estimated expense on its profit and loss statement and a reduction in equity in the second quarter.

Effective June 12, the tax structure postpones tax relief for financial institutions with respect to reinvested profit from Jan. 1, 2019, to Jan. 1, 2023.

Because of the amendment, the Georgian bank will reverse its 2016 one-off deferred tax gain, resulting in an estimated expense of 14 million Georgian lari to 19 million lari on its profit and loss statement and an estimated reduction in equity of 5 million lari in the second quarter.

As of June 15, US$1 was equivalent to 2.46 Georgian lari.