Citizens Bank 10th AGM approved 15.80% bonus & 25% right share; urges shareholders to open Demat account for bonus share

Citizens Bank International Limited (CZBIL) has successfully conducted its 10^th Annual General Meeting (AGM). The AGM has approved to distribute 15.80% stock and 0.83% cash dividend. After distribution of bonus share, the bank’s paid up capital will surge to Rs 4.75 arba. In addition, the bank has also approved to issue 10:2.5 (25%) right share in order to increase its paid up capital up to Rs 8 arba as directed by NRB. The bank has collected deposits of Rs 47.39 arba and mobilized loan of Rs 40.56 arba. The bank has operating profit and net profit of Rs 1.56 arba and Rs 1.08 arba respectively. Meanwhile, CZBIL has requested its shareholders to open demat account at its registrar office CBIL capital Limited located at Baluwatar, Kathmandu as the company is transferring  its 15.80 percent bonus share. Nepal Rastra Bank (NRB) and Securities board of Nepal (SEBON) had directed to transfer the bonus and cash dividend of shareholders in their respective demat account. Application forms can be downloaded from the company’s website, http://www.ctznbank.com. Also, account holders of Citizens bank can fill up the online form by visiting the bank’s website.