Citizens Bank announces 16% Bonus share; paid up capital to reach Rs 8.03 arba

Citizens Bank International Limited (CZBIL) has proposed 16 percent bonus share and 1 percent cash dividend (tax purpose) to its shareholders. The 242^nd BOD meeting of the bank held on Bhadra 1, 2074 has proposed 16 percent bonus share and 1 percent cash dividend for tax purpose to its shareholders from the net profit it had earned in the last fiscal year 2073/74. The decision is subjected to approval from Nepal Rastra Bank and the company’s upcoming 11^th Annual General Meeting (AGM). Last year, CZBIL had distributed 15.8 bonus share and 0.837% cash dividend to its shareholders from the profit it had earned in the FY 2072/73. CZBIL has earned net profit of Rs 1.20 arba at the end 4^th quarterly unaudited financial report of FY 2073/74. It’s paid up capital stands at Rs 6.921 arba. After distribution of 16% bonus share, the paid up capital will reach Rs 8.029 arba.