Citizens Bank AGM endorses 20% bonus shares & 55% Right shares

The AGM of Citizens Bank International Limited held on Ashwin 28, yesterday has endorsed 20% bonus share and 1% cash dividend for tax purpose from the net profit earned in the last fiscal year. The AGM has also elected Dr. Shankar Prashad Sharma as the chairman of Board of Directors. The AGM has passed the Paid up capital increment plan as directed by NRB. The AGM has also endorsed the proposal of 10:5.5 right shares after the acquisition of Premier Finance Limited. The AGM has elected BalKrishna Prasai, Pabitra Kumar Karki, Dr. Chanda Karki and Chandra Tandon as the directors from promoter shareholders group. The AGM has also elected Dr. Shankar Prashad Sharma as director from Public shareholders group.