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The group's subsidiaries also include investment bank Galt & Taggart, Belarusian bank Belarusky Narodny Bank and other small companies in banking, payment and non-banking sectors. [ 9 ] Bank of Georgia Group is listed on the premium segment of the main market of the London Stock Exchange [ 10 ] and is a constituent of the FTSE 250 Index .
Galt & Taggart [a] is an investment banking arm of Bank of Georgia Group PLC, a financial services holding company listed on the London Stock Exchange (LSE: BGEO).The company offers a full range of investment banking services, including brokerage, financial advisory, capital markets and in-house research.
Rank Name HQ # branches Assets Apr 2022 million GEL Assets Apr 2022 million USD SWIFT 1: TBC Bank [4]: Tbilisi: 159: 23,862: 7,862: TBCBGE22 2: Bank of Georgia [5]: Tbilisi
In-dividend date – the last day, which is one trading day before the ex-dividend date, where shares are said to be cum dividend ('with [including] dividend'). That is, existing shareholders and anyone who buys the shares on this day will receive the dividend, and any shareholders who have sold the shares lose their right to the dividend.
When declaring a dividend, a company will designate a record date for the dividend. The practical rules of the financial system determine precisely which of the owners will be entitled to receive the dividend payment: namely the owner of record, who owned the share(s) at the end of the trading day on the record date. The company thus resolves ...
However, since 1 June 1997, all domestic companies were liable to pay a dividend distribution tax on the profits distributed as dividends resulting in a smaller net dividend to the recipients. The rate of taxation alternated between 10% and 20% [ 23 ] until the tax was abolished with effect from 31 March 2002. [ 24 ]
The corporation was required to pay dividends to shareholders at $9 per share every six months, the nominal equivalent of 6% annual interest on the $300 in debt bonds that shareholders initially used to purchase the bank stock. These dividends would be paid at a fixed ratio of two currencies: $1 in gold or silver for every $3 in debt bonds.
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