Citizen Bank proposes 12% cash dividend worth Rs 1 arba and 3% bonus share from distributable profit of FY 2075/76

Citizens Bank International, through its 308^th board meet, has proposed to distribute cash dividend of  12% worth Rs 1.45 arba and bonus shares of 3% worth Rs 25.11 crore to its shareholders from the profit it made in the previous fiscal year. The proposal is subjected to receive approval from the 13^th AGM of the bank as well as from the regulatory body NRB.

The bank in the previous fiscal year had collected deposit of Rs 74.13 arba, had loan figure of Rs 65.07 arba, and earned Rs 1.46 arba in net profit.

The bank is in process of acquiring Sahayogi Bikas Bank and is mulling to open 13 more branches in a near future, as per the media statement.