Citizens Bank concludes 11th AGM; 16.85% dividend approved
Mon, Sep 25, 2017 5:11 PM on Latest, Featured, AGM/Special AGM, Stock Market,
Citizens Bank International Limited (CZBIL) has concluded its 11th AGM on Monday amid a ceremony held at Amritbhog Complex in the Capital.
All the financial statements, balance sheets of the fiscal 2073/74, income statement and such others have been approved in the meeting. Moreover, on the occasion, the Bank has decided to distribute a cash and stock dividend of 16.85 percent from the profits of fiscal 2073/74.
The 11th AGM has passed the decision to provide 16 percent of current paid up capital as bonus shares and 0.85 percent of the paid up capital as cash dividends. As of now, the paid-up capital of the Bank stands at Rs 6.92 arba which will rise to Rs 8.02 arba after the distribution of 16% bonus shares.
The meeting has elected Prakash Chandra Mainali and Bijay Dhwaj Karki to represent the general public as members of the Board of Directors (BOD) of the Bank.
“As of now, the Bank is providing its services to around 3 lakh 50 thousand customers through 62 branches spread throughout the Country,” the Bank informed.
The 11th AGM has passed the decision to provide 16 percent of current paid up capital as bonus shares and 0.85 percent of the paid up capital as cash dividends. As of now, the paid-up capital of the Bank stands at Rs 6.92 arba which will rise to Rs 8.02 arba after the distribution of 16% bonus shares.
The meeting has elected Prakash Chandra Mainali and Bijay Dhwaj Karki to represent the general public as members of the Board of Directors (BOD) of the Bank.
“As of now, the Bank is providing its services to around 3 lakh 50 thousand customers through 62 branches spread throughout the Country,” the Bank informed.
